NRN Infrastructure and Development Logs Decline in Net Profit

Feb 08, 2023 12:20 PM Merolagani



NRN Infrastructure and Development (NRN) has published its second quarter report of the current FY. As per the company’s report the company has logged decline in net profit during the period.

In the review period, the company earned a net profit of Rs 5.6 million compared to Rs 15.8 million of the last FY. The net profit declined by 64.11 percent during the period.

Although the company increased its operating profit and losses due to changes in fair value of financial assets pulled down its net profit.

During the period, its total income increased by 9.27 percent and total expenses by 8.81 percent. Similarly, its operating profit increased by 9.36 percent. However, its incurred losses of Rs 17.4 million due to change in fair value of financial assets.

The company logged EPS of Rs 0.93, P/E ratio of 523.5 times and net worth per share of Rs 118.43.




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