Category: Articles & Updates

National Hydro Power Company Limited (NHPC) has shared its unaudited third-quarter report for the fiscal year 2080/2081, revealing a net loss of Rs. 1.15 Crores for the quarter. Despite the loss, NHPC shows signs of improvement compared to the previous year’s Q3 net loss of Rs. 2.29 Crores.

NHPC’s financial snapshot indicates stable figures, with paid-up capital remaining at Rs. 2.46 Arba alongside a share premium of Rs. 1.93 crores and reserves and surplus totaling Rs. 1.5 crores.

The company experienced a slight increase of 0.08% in electricity sales, amounting to Rs. 2.91 Crores for Q3. Notably, NHPC witnessed a remarkable surge of 618.72% in investments in hydro projects, totaling Rs. 76.92 Crores for the quarter. Additionally, loans increased by 45.94% to reach Rs. 35.26 crores.

Administrative expenses rose by 10.71% during this period, reaching Rs. 92.15 lakhs, while finance expenses amounted to Rs. 72.34 lakhs.

NHPC reported an earnings per share (EPS) of Rs. 0.37 and a net worth per share of Rs. 101.40.

SuryaJyoti Life Insurance Company Limited (SJLIC) recently disclosed its financial results for the third quarter of the fiscal year 2080/2081, demonstrating a notable 33.89% increase in net profit. The net profit rose to Rs. 29.54 crores from Rs. 22.06 crores in the corresponding quarter of the previous year.

SJLIC’s financial overview displays a paid-up capital of Rs. 4.54 Arba and a share premium of Rs. 3.72 Crores. Additionally, the company holds substantial reserves, including Rs. 1.6 Arba in retained earnings, Rs. 1.02 Arba in other equity, and Rs. 34.17 crores in catastrophe reserves.

During the quarter, SuryaJyoti Life experienced a significant uptick of 38.68% in net premiums, reaching Rs. 6.37 Arba in Q3 FY 2080/81 compared to the previous year. The company showcased its financial prowess by generating Rs. 2.28 Arba from income derived from investments, loans, and other financial activities.

However, the quarter also saw a noteworthy 51.67% increase in net claims, totaling Rs. 7.15 Arba.

Key financial metrics highlight SJLIC’s performance, including an annualized earnings per share (EPS) of Rs. 8.67, net worth per share of Rs. 166.31, and a P/E ratio of 56.89 times.

SJLIC recently concluded its 16th Annual General Meeting on 21st Baisakh, 2081, where it approved a 10.26% bonus shares and 24.74% cash dividend for tax purposes.

The Nepal Stock Exchange (NEPSE) Index saw a marginal increase of 0.15 points, closing at 1,969.17 points after a previous session’s decline. Opening at 1,969.41, the day witnessed fluctuations, with the index reaching an intraday high of 1,979.57 and a low of 1,963.34.

In a bustling trading atmosphere, 313 different stocks were traded in 36,483 transactions, totaling 7,284,272 shares exchanged, with a turnover of Rs. 2.53 Arba. The market capitalization stood at Rs. 31.22 Kharba, with a float market capitalization of Rs. 10.54 Kharba.

Nepal Reinsurance Company Limited Promoter Share (NRICP) stole the limelight with a turnover of Rs. 63.30 Crore, closing at a market price of Rs. 281.00. Similarly, Pokhara Finance Ltd. (PFL) witnessed the highest gain of 10%, followed closely by Gurans Laghubitta Bittiya Sanstha Limited (GLBSL) with a gain of 9.92%.

However, Mai Khola Hydropower Limited (MKHL) experienced a decline, losing 7.84% to close at Rs. 470. Across sectors, three indices concluded positively, with the “Finance Index” leading at 2.44% gain, while the “Hotel And Tourism Index” observed a decline of 0.44%.

The price of gold has seen a notable increase of Rs. 500 per tola compared to yesterday’s trading value, according to the latest report from the Federation of Nepal Gold and Silver Dealers’ Association (FENEGOSIDA). Fine gold is now priced at Rs. 1,36,000 per tola, marking a surge of Rs. 500 from the previous rate of Rs. 1,35,500 per tola. Similarly, Tejabi gold is priced at Rs. 1,35,350 per tola today, up by Rs. 500 from yesterday’s price of Rs. 1,34,850 per tola.

The peak of this surge was recorded on April 19th, 2024, when fine gold reached an all-time high of Rs. 1,39,300 per tola. Additionally, silver has experienced a rise of Rs. 10 per tola, with the current market value at Rs. 1,670 per tola compared to yesterday’s closing rate of Rs. 1,660 per tola.

While the domestic market witnesses an upward trend in prices, the international market holds significant influence. The current gold rate stands at $2,325.50 per ounce, while silver is also showing positive momentum internationally, with prices reaching $27.33 per ounce.

Support Laghubitta Bittiya Sanstha Limited (SMB) has unveiled its third-quarter fiscal report for the year 2080/2081, demonstrating remarkable financial performance. The company recorded a substantial 94.90% increase in net profit, surging from Rs. 63.31 lakhs to Rs. 1.23 crores compared to the corresponding quarter last year.

Core revenue, represented by net interest income, witnessed a notable 8.78% rise, reaching Rs. 4.91 crores from Rs. 4.5 crores in the same quarter of the previous year, contributing significantly to the growth in net profits.

Additionally, SMB experienced significant growth in borrowings, which surged by 30.34% to Rs. 1.27 Arba, while loans and advances saw a notable uptick of 24.02%, reaching Rs. 1.73 Arba during this quarter.

During Q3, the company reported impairment charges amounting to Rs. 10.09 Lakhs, showcasing prudent risk management practices.

SMB’s financial position remains robust, with a paid-up capital of Rs. 9.52 crores and reserves and surplus standing at Rs. 5.79 crores.

The annualized earnings per share (EPS) stood at Rs. 17.28, indicating strong profitability, while the net worth per share was recorded as Rs. 160.80. Notably, SMB traded at a P/E multiple of 77.97 times during the period, reflecting investor confidence in the company’s growth prospects.

Kumari Bank Limited (KBL) has decided to extend the deadline for the auction of 4,50,000 units of promoter shares until 18th Baishakh, 2081.

The auction, managed by Kumari Capital Limited, initially began on the 3rd of Baishakh, 2081, with the intention of concluding today, on the 12th of Baishakh, 2081. However, due to an insufficient number of applications, the bank has extended the auction period.

Interested individuals and institutions have the opportunity to bid for the auction, with a minimum bid rate of Rs. 106 per share. The minimum bid quantity for promoters’ shares is set at 10,000 units.

As of the latest update, Kumari Bank Limited (KBL) is trading at an LTP of Rs. 132.80.

In a significant move, the Public Procurement Monitoring Office (PPMO) has announced the blacklisting of 33 construction companies, including well-known names like Pappu Construction Pvt Ltd, for failing to meet project deadlines. The PPMO issued a formal notice on Tuesday, publicly declaring the disqualification of these companies for a period of two and a half years. This means they are barred from participating in any public contracts during this time.

The blacklisted firms will no longer be able to engage in 29 projects across various sectors such as energy, road construction, infrastructure development, urban planning, and municipal initiatives. Projects affected include those involving roads, buildings, and bridges.

Among the companies facing blacklisting are Pappu Construction, Prem Nirman Sewa, Saptakoshi Jaladhar Nirman Company, Om Sai & Company, Universal Construction & Water Treatment, Koshi & Neupane Nirman Sewa, Om Sai Construction, A1 Khaptad Construction & Order Suppliers, Chandi Nirman Sewa, Siddhibaba Construction Company, and Namuna Construction.

Other firms on the list include Mahesh Engineering Builders, Naveen Construction, Aman Construction, Bhavya Construction, Sahni Builders, Mama Bhanja Nirman Sewa, Karmabhoomi Construction, Susman Construction & Suppliers, Roshi Construction, Argha Bhagwati Construction, Paurai Baba Construction, Muskan Construction, GS & SS Construction, Umang Traders, Pashupati Construction, Karchen Construction, Sneha Nirman Sewa, and Khadka Devi Construction.

In a significant move, the Public Procurement Monitoring Office (PPMO) has announced the blacklisting of 33 construction companies, including well-known names like Pappu Construction Pvt Ltd, for failing to meet project deadlines. The PPMO issued a formal notice on Tuesday, publicly declaring the disqualification of these companies for a period of two and a half years. This means they are barred from participating in any public contracts during this time.

The blacklisted firms will no longer be able to engage in 29 projects across various sectors such as energy, road construction, infrastructure development, urban planning, and municipal initiatives. Projects affected include those involving roads, buildings, and bridges.

Among the companies facing blacklisting are Pappu Construction, Prem Nirman Sewa, Saptakoshi Jaladhar Nirman Company, Om Sai & Company, Universal Construction & Water Treatment, Koshi & Neupane Nirman Sewa, Om Sai Construction, A1 Khaptad Construction & Order Suppliers, Chandi Nirman Sewa, Siddhibaba Construction Company, and Namuna Construction.

Other firms on the list include Mahesh Engineering Builders, Naveen Construction, Aman Construction, Bhavya Construction, Sahni Builders, Mama Bhanja Nirman Sewa, Karmabhoomi Construction, Susman Construction & Suppliers, Roshi Construction, Argha Bhagwati Construction, Paurai Baba Construction, Muskan Construction, GS & SS Construction, Umang Traders, Pashupati Construction, Karchen Construction, Sneha Nirman Sewa, and Khadka Devi Construction.

CEDB Hydropower Development Company Limited (CHDC) has announced its Annual General Meeting (AGM) scheduled for Baishakh 31, 2081. The meeting will take place at Newa Bamboo Cottage, Harisiddhi, Lalitpur, starting at 8:00 AM.

Key agendas for the AGM include endorsing financial reports for fiscal years 2077/78 and 2078/79, approving the auditor’s report, appointing auditors for the fiscal year 2078/79, appointing an independent director, and approving bonus shares and cash dividends. Shareholders will also participate in the election within the public shareholding group.

CEDB Hydropower Development Company Limited (CHDC) has announced its Annual General Meeting (AGM) scheduled for Baishakh 31, 2081. The meeting will take place at Newa Bamboo Cottage, Harisiddhi, Lalitpur, starting at 8:00 AM.

Key agendas for the AGM include endorsing financial reports for fiscal years 2077/78 and 2078/79, approving the auditor’s report, appointing auditors for the fiscal year 2078/79, appointing an independent director, and approving bonus shares and cash dividends. Shareholders will also participate in the election within the public shareholding group.

The price of fine gold in Nepal has seen a significant drop, as reported by the Federation of Nepal Gold and Silver Dealers’ Association (FENEGOSIDA). Pure gold is now trading at Rs. 1,35,500 per tola, down by Rs. 2,700 from the previous rate of Rs. 1,38,200 per tola. Tejabi gold has also witnessed a similar decrease, currently valued at Rs. 1,34,850 per tola.

The peak in gold prices was noted on April 19th, 2024, with fine gold reaching an all-time high of Rs. 1,39,300 per tola. However, the latest figures indicate a notable decline in prices.

Additionally, the price of silver has also experienced a decrease of Rs. 45 per tola, with the current market rate standing at Rs. 1,660 per tola compared to yesterday’s closing rate of Rs. 1,705 per tola.

Both domestic and international markets have seen a downturn in prices, with global gold rates reported at $2,306.60 per ounce and silver prices at $27.01 per ounce.