Tag: High

  • Bindhyabasini Hydropower Development Company Limited Reports a 48.81% Decrease in Q3 Net Profit Due to Machinery Breakdown

    Bindhyabasini Hydropower Development Company Limited Reports a 48.81% Decrease in Q3 Net Profit Due to Machinery Breakdown


    Bindhyabasini Hydropower Development Company Limited (BHDC) has published its Q3 report of FY 2079/80, reporting a 48.81% decrease in net profit. The company’s net profit has reached Rs. 6.41 crores in this quarter compared to Rs. 12.53 crores in the corresponding quarter of the previous year. The company’s total revenue stood at Rs. 21.02 crores, with an increase in administrative expenses by 53.78% and a slight decrease in financial expenses.

    The paid-up capital of the company stood at Rs. 1.05 Arba, an increase of 40% compared to the previous fiscal year. However, the company suffered a significant decline in net profit due to machinery breakdown, resulting in a decrease in overall production and operations.

    Rudi Khola B Hydropower Project, one of the two projects operated by BHDC, had reported damages in the pipeline due to landslides experienced on Shrawan 18, 2079, while issues in the power transformer of the project had been reported on Falgun 01, 2079.

    According to the management analysis of the company, the decline in net profits was primarily due to machinery breakdown, resulting in adverse impacts on the company’s overall profitability. Despite the decline, the annualized earnings per share for BHDC stood at Rs. 8.15, while the net worth per share was Rs. 113.69.

    In conclusion, BHDC’s Q3 report highlights the adverse impact of machinery breakdown on the company’s overall operations and profitability, leading to a significant decline in net profit. The company is continuously working on resolving the issues that have caused the decline in its net profit and improving its operations to ensure stable growth in the coming quarters.

  • Jeevan Bikas Laghubitta Bittiya Sanstha Limited Reports a 46.1% Decline in Net Profit in Q3 FY 2079/2080

    Jeevan Bikas Laghubitta Bittiya Sanstha Limited Reports a 46.1% Decline in Net Profit in Q3 FY 2079/2080


    Jeevan Bikas Laghubitta Bittiya Sanstha Limited (JBLB), a microfinance company in Nepal, recently released its third-quarter report for the fiscal year 2079/2080. The report indicated a decline in net profit by 46.1% to Rs. 32.92 crore compared to the same period in the previous year, which was Rs. 61.09 crore. The company attributed the decline in net profit to the COVID-19 pandemic, which affected its business operations and borrowers’ repayment capabilities.

    Despite the decline in net profit, JBLB showed some positive trends in other areas. The company’s borrowings decreased by 8.02% to Rs. 8.70 Arba, while deposits increased by 4.85% to Rs. 10 Arba. This increase in deposits could be due to increased trust and confidence from depositors in the company’s financial stability and sound management practices.

    Furthermore, JBLB’s loans and advances decreased by 41.19% to Rs. 22.45 Arba. This reduction could be due to the company’s cautious approach in lending and disbursement amid the pandemic, which has created financial uncertainties for many of its borrowers. However, this decline in loans and advances could also impact the company’s future growth and profitability, as it relies heavily on its loan portfolio.

    The net interest income (core revenue) decreased by 5.54% to Rs. 1.19 Arba compared to the corresponding quarter of the previous year. The company may have experienced a reduction in interest income due to the decrease in loans and advances, as well as the decrease in the lending rate amid the pandemic.

    Despite the decline in net profit, JBLB’s paid-up capital increased to Rs. 1.18 Arba, and its reserve increased by 14.96% to Rs. 1.09 Arba in this quarter. This increase in paid-up capital and reserve indicates the company’s ability to attract investments and retain earnings, which could help boost its future growth and stability.

    JBLB’s annualized earnings per share (EPS) stood at Rs. 37.14, while its net worth per share is Rs. 261.45. The company is currently trading at a P/E multiple of 40.53 times, indicating that investors may have confidence in the company’s long-term prospects, despite the short-term challenges brought on by the pandemic.

    In conclusion, Jeevan Bikas Laghubitta Bittiya Sanstha Limited (JBLB) reported a decline in net profit for the third quarter of FY 2079/2080, largely due to the impact of the COVID-19 pandemic. However, the company showed some positive trends, such as an increase in deposits and paid-up capital, which could help support its future growth and profitability.

  • Manakamana Smart Laghubitta Bittiya Sanstha Limited Reports Significant Decline in Net Profit for Q3 2079/2080

    Manakamana Smart Laghubitta Bittiya Sanstha Limited Reports Significant Decline in Net Profit for Q3 2079/2080


    Manakamana Smart Laghubitta Bittiya Sanstha Limited (MKLB) has published its third-quarter report for the fiscal year 2079/2080, which shows a significant decline in net profit by 108.05% compared to the same quarter in the previous year. The net profit dropped to a negative of Rs. 42.52 lakhs from Rs. 5.28 crores.

    The company’s borrowings decreased by 29.92% to Rs. 37.6 crores, and deposits increased by 17.57% to Rs. 4.69 crores. Loans and advances also decreased by 13.91% to Rs. 93.49 crores during this quarter.

    MKLB’s net interest income (core revenue) decreased by 25.73% to Rs. 4.15 crores compared to Rs. 5.59 crores in the corresponding quarter of the previous year. The company’s paid-up capital stood at Rs. 14.17 crores, and its reserve and surplus stood at Rs. 1.87 crores, showing a decrease of 41.98% in this quarter.

    The cost of funds slightly increased to 9.83% from 8.08% in the corresponding quarter, and the non-performing loans increased to 4.91%. The annualized earnings per share (EPS) for MKLB stand at Rs. -4, while the net worth per share is Rs. 113.2.

    In summary, MKLB’s third-quarter report showed a massive decline in net profit, a decrease in borrowings, an increase in deposits, and a decrease in loans and advances. Additionally, the company’s net interest income, reserve and surplus, and earnings per share have decreased, while the cost of funds and non-performing loans have slightly increased.

  • IPO of Three Star Hydropower Limited closes for Nepali citizens abroad and extends deadline for project-affected locals

    IPO of Three Star Hydropower Limited closes for Nepali citizens abroad and extends deadline for project-affected locals


    Three Star Hydropower Limited is closing the initial public offering (IPO) for Nepalese citizens working abroad today, i.e., 25th Baisakh, 2080, and has extended the deadline for project-affected locals to apply for the IPO until 9th Jestha. The IPO issue was opened on 11th Baisakh, 2080. The company’s issued capital is Rs. 49.25 Crores, of which 10% has been allocated to project-affected locals of Khotang District, while 15% will be issued later for the general public. Of this public issue, 10% has been allocated for Nepalese citizens working abroad, and the issue for this segment will close today.

    The minimum application quantity for project-affected locals is ten units, while the maximum quantity is 492,500 units. For Nepalese citizens working abroad, the minimum application quantity is ten units, and the maximum quantity is 73,875 units. The IPO issue manager is Himalayan Capital Limited. After this IPO, the promoter-public share ratio will be 75:25.

    As per CDSC, Nepalese citizens working abroad have submitted 20,646 applications for a total of 512,280 units. So far, the issue has been oversubscribed by 6.93 times.

    Three Star Hydropower Limited is a public company located in Province 1, Haleshi Tuwachung Municipality, Khotang. The company was established in 2072 BS and has a total capacity of 7.151 MW. The founders of the company are Kumar Kharel, Mohan Karki, and Madhav Mainali, who named the company after themselves and then named it Three Star Hydro. Later, Uddhav Raj Shivakotee ‘Kangal’, Pradeep K Agrawal, Ananda P Manandhar, Zen Lama, and Ratna Bdr Newar joined the founders. ICRA Nepal has assigned an issuer rating of Three Star Hydropower Limited as [ICRANP-IR] B-, indicating a high risk of default regarding the timely servicing of financial obligations.

  • Nepalese Stock Exchange (NEPSE) index experiences decline in trading with all sector indices closing red

    Nepalese Stock Exchange (NEPSE) index experiences decline in trading with all sector indices closing red


    The Nepalese Stock Exchange (NEPSE) experienced a decline today, with the index closing at 1,850.61, a decrease of 1.02% or 19.12 points from the previous trading day’s closing. The index had gained 12.73 points yesterday but suffered a loss today. The trading day opened at 1,870.41, and the intraday high was 1,872.22, while the intraday low was 1,848.80, closing at 1,850.61.

    During today’s trading, a total of 263 scrips were traded via 23,051 transactions, with 2,015,959 shares exchanged for a turnover of Rs. 60.81 crores. This was lower than the previous day’s turnover of Rs. 73.26 crores. Shivam Cements Ltd (SHIVM) had the most shares traded and the highest turnover of Rs. 3.22 crores, with a market price of Rs. 400 per share. Aatmanirbhar Laghubitta Bittiya Sanstha Limited (ANLB) had the highest gain of 8.22% for the day, while NMB Debenture 8.50% – 2087/88 (NMBD87/88) suffered the highest loss of 8.83% for the day.

    All sector indices experienced a decline, with “Hydropower” experiencing the highest loss of 2.04%, while “Mutual Fund” had the least decline of 0.05%. Overall, the NEPSE index had a relatively tough trading day, with a decline in the index and the majority of the sector indices experiencing losses.

  • NEPSE index gains 0.69% with all sector indices closing green

    NEPSE index gains 0.69% with all sector indices closing green


    The Nepal Stock Exchange (NEPSE) index gained 12.73 points today, closing at 1,869.73, which is a 0.69% increase from the last trading day. The index had a low of 1,846.67 and a high of 1,875.26 during the day, opening at 1,856.97. The trading volume was 276 scrips traded via 20,655 transactions, with a total of 2,533,714 shares exchanged, amounting to Rs. 73.26 Crores in turnover, higher than the previous day’s turnover of Rs. 62.02 Crores.

    NABIL Bank Limited Promotor Share (NABILP) was the most traded stock and had the highest turnover of Rs. 4.5 crores, closing at a market price of Rs. 474 per share. NIBL Growth Fund (NIBLGF) gained the highest 9.86% for the day, while NMB Debenture 8.50% – 2087/88 (NMBD87/88) lost the highest 5.85%.

    All sector indices closed in the green, with “Non-Life Insurance” gaining the highest 1.55%, and “Investment” gaining the least 0.32% today.

  • GBLBS Reports Net Profit of Rs. 5.9 Crores in Q3 of FY 2079/2080 with Decreased Net Interest Income and Non-Performing Loans

    GBLBS Reports Net Profit of Rs. 5.9 Crores in Q3 of FY 2079/2080 with Decreased Net Interest Income and Non-Performing Loans


     

    Grameen Bikas Laghubitta Bittiya Sanstha Limited (GBLBS) has reported a net profit of Rs. 5.9 Crores in the third quarter of FY 2079/2080, marking a 79.19% decrease compared to the same quarter in the previous year. The company’s net interest income decreased by 26.48% to Rs. 67.31 Crores, while its borrowings decreased by 16.70% to Rs. 5.70 Arba and deposits decreased by 4.55% to Rs. 3.75 Arba. The company’s loans and advances also decreased by 10.03% to Rs. 12.71 Arba in this quarter. Non-performing loans increased to 7.94% from 4.23% in the corresponding quarter, while annualized earnings per share (EPS) stands at Rs. 8.01 and net worth per share is Rs. 235.87.

  • Sanima Mai Hydropower reports 20.40% decline in net profit in Q3 of FY 2079/80

    Sanima Mai Hydropower reports 20.40% decline in net profit in Q3 of FY 2079/80


    Sanima Mai Hydropower Company Limited (SHPC) has reported a decline in net profit by 20.40% in the third quarter (Q3) of FY 2079/80. The company’s net profit decreased to Rs. 35.82 crores in this quarter from Rs. 45 crores in the corresponding quarter of the previous year. The decline in net profit is due to a decrease in revenue from the Sale of Electricity, which decreased by 16.16% compared to the corresponding previous year’s quarter ending. The decreased revenue is attributed to the end of the Posted Rate Facility Agreement for Mai Hydropower Project (15.6 MW) and unfavorable hydrological conditions during this quarter.

    The company has invested around Rs. 3.62 Arba in associates, which have increased by 196.12% in this quarter. SHPC has investments in various associates companies, including Sanima Middle Tamor Hydropower Ltd, Mathillo Mailun Khola Jalvidhyut Hydropower Ltd, Bavari Construction Pvt. Ltd, and Sanima Jum Hydropower.

    SHPC has a share capital of Rs. 3.08 Arba, and the retained earnings are Rs. 1.11 Arba, with other reserves of Rs. 2.39 Arba. The company has recognized other comprehensive gain of NPR. 2,388,872,000 resulting from the fair value measurement of shares invested in Swet Ganga Hydropower and Construction Ltd. and Sanima Middle Tamor Hydropower Ltd. (Listed Associate Companies) as on third-quarter end, 2079. The gain has been shown under other reserves as Fair Value Reserve.

    The annualized EPS stands at Rs. 15.46, and the net worth per share at Rs. 213.81, with the company’s P/E standing at 21.80 times.

  • Gold Price Breaks All-Time High Record Again, Silver Also Up

    Gold Price Breaks All-Time High Record Again, Silver Also Up


    The price of gold in Nepal has broken an all-time high record once again, gaining Rs. 1200 in a single day. As per the official website of the Federation of Nepal Gold and Silver Dealers’ Association, fine gold is being traded today at Rs. 111,800 per tola, while Tejabi gold is being traded at Rs. 111,250. This is a significant increase from yesterday’s rate of Rs. 110,600 and Rs. 110,050 per tola for fine gold and Tejabi gold, respectively.

    This recent surge in the price of gold follows the previous all-time high recorded on April 5th, 2023, when fine gold was traded at Rs. 111,000 per tola and Tejabi gold at Rs. 110,450 per tola. Silver has also seen a rise in its price, with a gain of Rs. 20 per tola. The white metal is currently being traded at Rs. 1,445 per tola in the local market, up from yesterday’s closing rate of Rs. 1,425 per tola.

    In the international market, gold was traded at around $2,015.60 per ounce as of yesterday. However, the current rate of gold in the international market has reached USD $2,044.50 per ounce, while silver is being traded at $25.69 per ounce. It is worth noting that gold had reached an all-time high of $2074.88 in August 2020.

  • Citizen Investment Trust reports 26.15% increase in net profit for Q3 FY 2079/80

    Citizen Investment Trust reports 26.15% increase in net profit for Q3 FY 2079/80


    Citizen Investment Trust (CIT) has released its unaudited report for the third quarter of the fiscal year 2079-2080, showing a significant increase in net profit. The company recorded a net profit of Rs. 77.79 crores, marking a 26.15% increase from the corresponding quarter of the previous year.

    During this quarter, CIT made investments amounting to Rs. 2.12 Kharba, which is a 13.02% increase compared to the relevant quarter of the previous year. According to the report published by the company, the paid-up capital currently stands at Rs. 4.25 Arba. However, the share premium of the company decreased by 77.56% and now stands at Rs. 28.38 crores.

    The earnings per share (EPS) for CIT during this quarter was Rs. 24.40 on an annualized basis. Additionally, the company reported a Return on Investment (ROI) of 9.67% and a price-to-earnings (P/E) ratio of 85.65 times for the third quarter of FY 2079/80. Overall, this unaudited report suggests that CIT has performed well in this quarter, with notable growth in net profit and investments.

  • Chilime Hydropower Company Limited reports a slight increase in net profit in Q3

    Chilime Hydropower Company Limited reports a slight increase in net profit in Q3


    Chilime Hydropower Company Limited (CHCL) has released its third-quarter unaudited report, showing a 1.34% increase in net profit. In this quarter, the company’s profit increased to Rs. 52.89 crores, compared to Rs. 52.20 crores in the corresponding quarter of the previous year.

    Despite the increase in net profit, the company has experienced a 2.33% decrease in electricity sales worth Rs. 80.42 crores during the quarter. The management has attributed this decline to a decrease in the amount of electricity purchased as compared to the previous year’s Chaitra, which resulted in a decrease in income from the sale of electricity. CHCL has also earned finance (interest) income of Rs. 17.58 crore till Q3.

    For this quarter, the company has reported administrative expenses of Rs. 6.40 Crores and operating expenses worth Rs. 7.38 Crores.

    CHCL’s reserve fund currently stands at Rs. 3.13 Arba, with share capital at Rs. 7.25 Arba. The earnings per share of the company stands at Rs. 9.72 with a net worth per share at Rs. 143.23. The P/E ratio of the company stood at 50.42 times.

    To sum up, CHCL has reported an increase in net profit despite a decline in electricity sales during the third quarter. However, the company has also reported administrative and operating expenses, with a reserve fund and share capital of Rs. 3.13 Arba and Rs. 7.25 Arba, respectively.

  • Gold Prices Reach Near All-Time High in Nepalese Market

    Gold Prices Reach Near All-Time High in Nepalese Market


    Gold prices are on the rise in the Nepalese market once again. Today, fine gold gained Rs. 1800 per tola while tejabi gold rose by Rs. 1750 per tola from yesterday’s price. According to the Federation of Nepal Gold and Silver Dealers’ Association’s official website, fine gold is being traded today at Rs. 110,600 per tola, while tejabi gold is being traded at Rs. 110,050 per tola.

    This increase in gold prices comes after the precious metal reached an all-time high in the Nepalese market on 5th April 2023, with fine gold trading at Rs. 111,000 per tola and tejabi gold trading at Rs. 110,450 per tola. Currently, the international price of gold is at USD $2,015.60 per ounce, with silver being traded at $25.24 per ounce.

    On the other hand, silver prices have also risen in the Nepalese market, gaining Rs. 20 per tola. The white metal is being traded today at Rs. 1,425 per tola compared to yesterday’s closing rate of Rs. 1,405 per tola.

    The increase in gold prices can be attributed to various global factors such as inflation fears, economic uncertainties, and geopolitical tensions. In August 2020, gold reached an all-time high of $2074.88 per ounce in the international market, further highlighting its significance as a safe-haven asset. Despite the fluctuation in gold prices, it remains an attractive investment option for many people, especially during times of economic volatility.