Nepali Agribusiness Giant Muktinath Krishi Achieves Remarkable Turnaround with Soaring Profits in Q3
Muktinath Krishi Company (MKCL), a prominent player in Nepal’s agriculture sector, has released its third-quarter report for the current fiscal year, revealing a remarkable turnaround from losses to profitability. The company’s impressive financial performance has been driven by a significant increase in income across various segments.
According to the report, Muktinath Krishi managed to log a net profit of Rs. 21.2 million during the review period. This is a stark contrast to the corresponding period of the previous fiscal year, when the company reported a net loss of Rs. 29.9 million. The transition from losses to profits underscores the company’s resilience and strategic initiatives to boost its bottom line.
The surge in profitability can be attributed to a substantial increase in income. During the review period, the company’s operating income soared by an impressive 110.63 percent, reaching Rs. 376.1 million. Additionally, Muktinath Krishi witnessed a 233.46 percent increase in total profit, a 231.19 percent rise in total income, and a 43.09 percent increase in total expenses.
The strong financial performance has translated into attractive shareholder returns. Muktinath Krishi reported an earnings per share (EPS) of Rs. 4.05, a net worth per share of Rs. 93.75, and a price-to-earnings (P/E) ratio of 228.87 times.
With a paid-up capital of Rs. 700 million, the company has other equity of negative Rs. 43.7 million, reflecting its commitment to reinvesting profits for future growth and expansion.
Muktinath Krishi’s remarkable turnaround in the third quarter is a testament to the company’s resilience and strategic initiatives in the face of challenges. As Nepal’s agriculture sector continues to evolve, the company’s strong financial performance positions it as a key player in driving innovation, sustainable practices, and growth within the industry.
