Unilever Nepal Limited (UNL) Reports Q2 Financial Results: Net Profit Declines Amidst Revenue Downturn
Fri, Feb 9, 2024 11:55 AM on Latest, Financial Analysis, Company Analysis,
Unilever Nepal Limited (UNL) has disclosed its financial performance for the second quarter of the fiscal year 2080/81, revealing a significant 23.80% decline in Net Profit.
The net profit dropped from Rs. 55.25 Crores to Rs. 42.1 Crores in Q2 of FY 2080-81, reflecting challenging market conditions. The company's revenue for the same quarter also witnessed a decline of 16.20%, reaching Rs. 1.84 Arba.
Despite these challenges, the report highlights a positive aspect with a notable 67.54% increase in other incomes, totaling Rs. 7.64 Crores during the same period, providing a potential offset to the overall decline.
UNL remains resilient with a paid-up capital of Rs. 9.21 Crores and retained earnings reported at Rs. 3.77 Arba in Q2 of FY 2080-81.
The company's robust financial health is further underscored by an annualized earnings per share (EPS) of Rs. 914.22 and a Net worth per share of Rs. 4,202. The PE ratio stands at Rs. 43.8, reflecting the company's valuation in the market.
Major Highlights:
| Particulars (Rs in 000) | Unilever Nepal Limited | ||
|---|---|---|---|
| Q2 2080/81 | Q2 2079/80 | Difference | |
| Paid Up Capital | 92,100 | 92,100 | 0.00% |
| Other Equity (Retained Earnings) | 3,778,400 | 3,334,500 | 13.31% |
| Property, Plant and Equipment | 1,489,100 | 1,403,200 | 6.12% |
| Investment In Fixed Deposits | 2,179,200 | 1,534,000 | 42.06% |
| Trade Receivables | 1,273,200 | 1,859,200 | -31.52% |
| Cash and Cash Equivalents | 1,200,000 | 716,800 | 67.41% |
| Inventories | 1,025,200 | 806,600 | 27.10% |
| Revenue from Operation | 1,845,700 | 2,202,500 | -16.20% |
| Other Income | 76,400 | 45,600 | 67.54% |
| Total Expenses | 1,414,800 | 1,584,200 | -10.69% |
| Net Profit | 421,000 | 552,500 | -23.80% |
| Annualized EPS (In Rs.) | 914.22 | 1199.78 | -23.80% |
| Net Worth per Share (In Rs.) | 4,202 | 3180.67 | 32.13% |
| Qtr End P/E Ratio | 43.8 | - | |
| Qte End Price | 40000 | - | |
