Category: Articles & Updates

In a recent financial disclosure, Himalayan Life Insurance Limited (HLI) unveiled its third-quarter fiscal report, revealing a 7.99% decrease in net profit compared to the same period last year. The company’s net profit dwindled to Rs. 43.54 crores, contrasting with the Rs. 47.32 crores recorded in the corresponding quarter of the previous fiscal year.

Despite the dip in net profit, HLI observed an 8.41% surge in net premiums during the quarter, reaching Rs. 12.02 Arba in Q3 FY 2080/81. Additionally, the company generated Rs. 4.12 Arba from income derived from investments, loans, and other financial activities.

However, the quarter also saw a significant 14.90% rise in net claims, totaling Rs. 13.97 Arba. Nonetheless, commission expenses decreased by 6.34%, amounting to Rs. 99.81 Crores.

HLI maintains a solid financial foundation with a paid-up capital of Rs. 8.02 Arba and substantial reserves, including Rs. 1.32 Arba in retained earnings, Rs. 19.92 Crores in other equity, and Rs. 41.62 Crores in catastrophe reserves.

Key financial metrics for HLI include an annualized earnings per share (EPS) of Rs. 7.24 and a net worth per share of Rs. 124.25. The Price-to-Earnings (P/E) ratio stands at 54.64 times, reflecting the company’s financial standing despite the decline in net profit.

The company’s solvency ratio stands at 1.66, indicating a stable financial position.

The quarter also witnessed a notable decrease in the number of policies issued by HLI, dropping by 32.21% compared to the immediate previous year quarter.

Hydroelectricity Investment and Development Company Limited (HIDCL) has revealed its unaudited quarterly report for the third quarter of fiscal year 2080/81, highlighting a remarkable 7.92% surge in net profit compared to the previous year. The company achieved a net profit of Rs. 1.09 Arba during this period, showcasing its robust financial performance.

As of the third quarter, HIDCL’s paid-up capital stands strong at Rs. 22.77 Arba, complemented by a reserve and surplus of Rs. 2.79 Arba. The company’s strategic investment in equity amounts to Rs. 4.04 Arba, generating substantial revenue of Rs. 1.26 Crores in the same period. Moreover, HIDCL recorded a significant finance income of Rs. 1.58 Arba during this quarter, reflecting its prudent financial management.

Furthermore, HIDCL has extended loans to power projects totaling Rs. 7.36 Arba up to Q3, indicating its active involvement in the development of the energy sector. Additionally, the company holds term deposits amounting to Rs. 14.76 Arba across various banks, underscoring its diversified investment portfolio.

The company boasts an annualized Earnings Per Share (EPS) of Rs. 6.38, demonstrating its profitability and shareholder value. The quarter-end Price/Earnings (P/E) ratio stands at 26.22 times, reflecting investor confidence in HIDCL’s growth prospects. Moreover, the net worth per share is reported at Rs. 112.29, showcasing the company’s strong financial foundation.

In summary, HIDCL’s unaudited quarterly report underscores its resilience and positive trajectory amidst challenging economic conditions, positioning it as a key player in the energy sector.

Nirdhan Utthan Laghubitta Bittiya Sanstha Limited (NUBL) has revealed its third-quarter financial report for the fiscal year 2080/2081, unveiling a remarkable surge in net profit. The company reported an impressive 299.46% increase, with net profit soaring to Rs. 17.58 crores compared to Rs. 4.4 crores in the corresponding quarter of the previous year.

While NUBL experienced a slight decline of 3.26% in core revenue, borrowings witnessed a marginal decrease of 1.39%, and loans and advances saw a slight uptick of 0.16%. Deposits rose by 3.47% during the third quarter, reflecting positive growth in key financial metrics.

NUBL reported a noteworthy decrease in impairment charges during Q3, amounting to Rs. 50.82 crores, contributing significantly to the surge in net profit for the period.

In terms of financial position, NUBL maintains a solid foundation with a paid-up capital of Rs. 2.61 Arba and reserves and surplus standing at Rs. 2.43 Arba. However, the company reported negative retained earnings of Rs. 18.16 crores.

Despite the negative distributable profit, NUBL’s annualized earnings per share (EPS) stood impressively at Rs. 8.98, accompanied by a net worth per share of Rs. 186.10.

The third-quarter financial report underscores NUBL’s resilience and strong performance amidst evolving market conditions, positioning it as a key player in the financial services sector.

IGI Prudential Insurance Limited (IGI) has announced its third-quarter financial results for the fiscal year 2080/2081, revealing a significant surge in net profit. The company’s net profit soared by 181.04% to Rs. 46.76 crores from Rs. 16.63 crores in the same quarter of the previous fiscal year, demonstrating robust performance and growth in the insurance sector.

IGI maintains a strong financial position with a paid-up capital of Rs. 3.02 Arba and substantial reserves, including retained earnings, other equity, catastrophe reserves, and special reserves. This solid foundation underscores the company’s stability and resilience in the market.

During the quarter, IGI witnessed a notable increase of 88.26% in net premiums, reaching Rs. 86.73 Crores in Q3 FY 2080/81 compared to the same period last year. Additionally, the company generated Rs. 49.64 Crores from income derived from investments, loans, and other financial activities, highlighting diversified revenue streams and effective financial management.

However, there was a significant 94.83% increase in net claims during the quarter, totaling Rs. 51.19 Crores. Despite this, IGI has augmented its investments, reaching Rs. 5.23 Arba, showcasing strategic investment decisions and a forward-looking approach to asset management.

Key financial metrics further highlight IGI’s performance, with an annualized earnings per share (EPS) of Rs. 20.58 and a net worth per share of Rs. 181.92, indicating profitability and shareholder value creation.

In summary, IGI Prudential Insurance Limited’s third-quarter financial report reflects its strong growth trajectory, robust financial performance, and strategic initiatives, positioning the company as a key player in the insurance industry.

Sun Nepal Life Insurance Company Limited (SNLI) has announced impressive financial results for the third quarter of fiscal year 2080/2081, showcasing a notable surge of 11.06% in net profit. The company’s net profit rose to Rs. 49.36 crores from Rs. 44.45 crores in the corresponding quarter of the previous fiscal year.

SNLI’s financial overview reflects a robust foundation, boasting a paid-up capital of Rs. 3.2 Arba and a significant share premium of Rs. 1.26 Arba. Additionally, the company maintains substantial reserves, including Rs. 1.23 Arba in retained earnings, Rs. 36.72 Crores in other equity, and Rs. 14.25 crores in catastrophe reserves.

Despite a marginal decline of 0.98% in net premiums, reaching Rs. 2.49 Arba in Q3 FY 2080/81 compared to the preceding year, SNLI demonstrated financial acumen by generating Rs. 65.23 Crores from income derived from investments, loans, and other financial activities.

However, the quarter also witnessed a noteworthy 6.82% increase in net claims, totaling Rs. 2.05 Arba.

Chilime Hydropower Company Limited (CHCL) has unveiled its financial report for the third quarter of Fiscal Year 2080/81, providing insights into its performance during this period. Despite a 10.97% decrease in earnings, CHCL managed to achieve a commendable net profit of 47.09 Crores.

Throughout the quarter, CHCL made significant investments totaling Rs. 6.14 Arba. Although there was a slight 2.7% decrease in revenue compared to the same period last year, the company generated Rs. 78.25 Crores from power sales. However, operating expenses witnessed a notable surge of 30.24% to Rs. 9.61 Crores, while administrative expenses remained steady at Rs. 4.59 Crores.

CHCL maintains its financial stability with a paid-up capital of Rs. 7.98 Arba and healthy Retained Earnings valued at Rs. 2.62 Arba.

The company’s Annualized Earnings Per Share (EPS) stands at an impressive Rs. 7.86, with the net worth reported at a substantial Rs. 132.93.

Asha Laghubitta Bittiya Sanstha Limited (ALBSL) has unveiled its financial report for the third quarter of the fiscal year 2080/2081, showcasing a remarkable upsurge in performance. The company reported a notable 17.48% increase in net profit, soaring to Rs. 3.88 crores from Rs. 3.3 lakhs compared to the same quarter last year.

The report highlights a substantial 71.57% surge in core revenue, particularly in net interest income, which climbed to Rs. 31.62 crores from Rs. 18.43 crores in the corresponding quarter of the previous year.

Moreover, ALBSL observed positive growth in essential operational indicators. Deposits rose by 1.24% to Rs. 2.85 Arba, while loans and advances saw an increase of 9.03%, reaching Rs. 9.73 Arba during the third quarter.

During Q3, ALBSL recorded impairment charges totaling Rs. 2.48 crores, marking a significant decline of 39.51%. This decrease in impairment charges substantially contributed to the rise in net profit for the company.

Regarding the financial position, ALBSL reported a paid-up capital of Rs. 64.16 Crore, along with retained earnings of Rs. 12.33 crores and reserves and surplus amounting to Rs. 25.51 crores. The annualized earnings per share (EPS) stood at Rs. 8.07, while the net worth per share was recorded as Rs. 158.99. Notably, ALBSL traded at a P/E multiple of 91.11 times during the period.

The Nepal Stock Exchange (NEPSE) Index witnessed a decline of 1.23%, settling at 1,974.37 points at the close of trading today. This drop of 24.58 points follows a previous session’s loss of 7.31 points, reflecting fluctuations in the market.

Starting at 1,998.45, the trading day saw ups and downs, with the index reaching an intraday high of 1,999.17 before dipping to an intraday low of 1,969.96.

In a bustling trading environment, 316 different stocks were exchanged through 60,523 transactions. The volume of shares traded amounted to 9,762,803, totaling a turnover of Rs. 3.79 Arba. Market capitalization stood at Rs. 31.30 Kharba, with a float market capitalization of Rs. 10.59 Kharba.

Nepal Finance Ltd. (NFS) stood out with a turnover of Rs. 12.64 Crore, closing at a market price of Rs. 551.00.

Additionally, Dolti Power Company Limited (DOLTI) showed the highest gain of 9.56%, followed by Sadhana Laghubitta Bittiya Sanstha Limited (SDLBSL) and Samata Gharelu Laghubitta Bittiya Sanstha Limited (SMATA), each with a gain of 8.72%.

On the downside, People’s Power Limited (PPL) faced a decline, losing 9.92% to close at Rs. 554.

Sector-wise, two sector indices concluded positively, with the “Microfinance Index” leading with a gain of 0.16%. However, the “Development Bank Index” witnessed a decline of 2.65%.

Super Madi Hydropower Limited (SMHL) has demonstrated remarkable financial strength in the third quarter of Fiscal Year 2080/81, showcasing an impressive surge in earnings amounting to Rs. 9.02 Crores. This turnaround marks a significant improvement from the net loss of 1.07 Crores reported during the same quarter last year.

During this period, SMHL’s loans and borrowings climbed to Rs. 6.16 Arba, indicating a substantial increase of 7.25%.

The company witnessed a notable increase in revenue compared to the corresponding quarter last year, generating an impressive Rs. 94.55 Crores from power sales. Meanwhile, operating expenses were reported at Rs. 5.75 Crores, and financial costs surged to Rs. 56.79 Crores.

SMHL maintains a robust financial structure with a paid-up capital of Rs. 2.1 Arba and commendable Reserves and Surplus valued at Rs. 10.84 Crores. The Annualized Earnings Per Share (EPS) stands at Rs. 5.73, with the company’s net worth reported at Rs. 105.16 Crores.

The Supermadi Hydro Power Project, managed by Super Madi Hydropower, has commenced commercial operations as of Chaitra 27, 2079. Since the 18th of Falgun, 2079, trading for the shares has begun on the Nepal Stock Exchange Limited.

Benefiting from robust water flow within the Madi River, the project has reported substantial earnings exceeding the contracted energy output from Poush to the end of Chaitra. This positive development has instilled confidence within the company, anticipating continued or even improved production levels in the foreseeable future.

Buddha Bhumi Nepal Hydropower Company Limited (BNHC) has announced its intention to issue right shares at a ratio of 1:1.50 or 150%, as decided during the recent Board of Directors meeting.

The meeting, held on Poush 20, 2080, endorsed the issuance of 150% right shares on the company’s paid-up capital of Rs. 40 Crore. Following this decision, upon the issuance of 60,00,000 units of right shares, the company’s paid-up capital is slated to increase to Rs. 1 Arba.

However, it’s imperative to highlight that the issuance of these right shares is subject to approvals from regulatory bodies, including the Electricity Regulatory Commission and the Securities Board of Nepal (SEBON).

BNHC concluded trading at Rs. 448.20.

Jalpa Samudayik Laghubitta Bittiya Sanstha Limited (JALPA) has showcased impressive financial strength in the third quarter of Fiscal Year 2080/81, with a significant surge in earnings amounting to Rs. 62.81 Lakhs. This turnaround marks a remarkable improvement from the net loss reported during the same period in the previous fiscal year.

Despite a slight decline of 10.98% in core revenue, particularly net interest income, JALPA witnessed a marginal dip in its financial performance. However, deposits saw a minimal increase of 0.07%, reaching Rs. 2.69 Arba, while loans and advances experienced a modest uptick of 5.36%, reaching Rs. 4.82 Arba during the third quarter.

During Q3, JALPA reported a notable reduction in impairment charges, contributing significantly to the increase in net profit for the company.

Financially, JALPA reported a paid-up capital of Rs. 18.28 Crore, retained earnings of Rs. 6.11 Crores, and reserves and surplus standing at Rs. 26.83 Crores. The annualized earnings per share (EPS) stood at Rs. 4.58, with the net worth per share recorded at Rs. 280.24. JALPA traded at a P/E multiple of 268.67 times during the period.

Himalayan Reinsurance Limited (HRL) has successfully listed 40,00,000 unit bonus shares on the Nepal Stock Exchange (NEPSE), following the endorsement of its 3rd Annual General Meeting (AGM) held on 20th Falgun, 2080.

During the AGM, HRL approved a 4.21% dividend for the fiscal year 2079/80. In a significant move, the 55th board of directors meeting, convened on Magh 25, decided to distribute the dividend on the paid-up capital of Rs. 10 Arba. The proposal included a distribution of 4% bonus shares and 0.21% cash dividend (inclusive of tax). These bonus shares are now officially listed on NEPSE.

HRL’s closing market price stood at Rs. 592.50, reflecting investor optimism following the dividend declaration and bonus share listing.