Himalayan Distillery Increases Net Profit

Feb 12, 2019 Merolagani

Himalayan Distillery Company (HDL) has increased its net profit by 75.47 percent to Rs 185.8 million in the second quarter of the current FY compared to Rs 105.8 million of the corresponding period of the last FY. The profit increased by Rs 79.9 million during the review period.

The increase in its net profit is attributed to decreased business expense. The expense that was Rs 195.7 million in the review period of the last FY has decreased to Rs 110.2 million in this FY.

The company with Rs 385.6 million in paid-up capital has EPS of Rs 96.36 that was Rs 54.92 in the last FY.

Similarly, it has net worth per share of Rs 233.19 and P/E ratio of 28.83 times.

In the review period, the company has total asset of Rs 1.59 billion whereas it has fixed liability of Rs 247.9 million and current liability of Rs 443.4 million.

The company earned Rs 1.03 billion from sales compared to Rs 85.3 million of the review period of the last FY.

Moreover, the company earned Rs 99.9 million in other operating income. During the period, the company spent Rs 602 million in sales and distribution expenses, Rs 85.2 million in office expenses and Rs 27.6 million in employee bonus.

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