Himalayan Distillery Increases Net Profit by Rs 48.9 Mn

Nov 16, 2018 Merolagani

Himalayan Distillery Company (HDL) has increased its net profit by Rs 48.9 million to Rs 64.5 million in the first quarter of the current FY compared to Rs 15.6 million in the corresponding period of the last FY.

A decrease in its expenses to Rs 28.8 million from earlier Rs 47.9 million helped to boost its net profit to the level.

Moreover, the other operating income also increased hugely to Rs 26.9 million from earlier Rs 1.6 million and the selling and distribution expenses of the company also decreased by Rs 20 million in the review period.

The company has non-current liability of Rs 1.47 billion and current liability of Rs 356.3 million.

The company with Rs 385.6 million in paid-up capital has EPS of Rs 66.99 and P/E ratio of 86.82 times.

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