Mountain Energy Nepal’s Q4 Profit Surges 29.08% to Rs. 79.70 Crores
Summary
Mountain Energy Nepal Limited reported a 29.08% jump in fourth-quarter net profit to Rs. 79.70 crores in FY 2082/83, driven by higher revenue and lower finance costs. The company also reduced borrowings by 17.05% while its EPS rose to Rs. 25.52.
Key Points
- Mountain Energy Nepal Limited posted a net profit of Rs. 79.70 crores in Q4 FY 2082/83, up 29.08% from the previous year.
- Revenue increased 17.31% to Rs. 1.53 Arba, while finance costs and administrative expenses declined.
- EPS rose to Rs. 25.52, and borrowings fell 17.05% to Rs. 2.23 Arba.
- The company’s market price per share was Rs. 569.00 at quarter-end, with a PE ratio of 22.30 times.
