Fiscal Nepal
First Business News Portal in English from Nepal
KATHMANDU: Shivam Cement Limited has reported a 205.83% jump in net profit for the fiscal year 2081/82, earning Rs 794.1 million compared to Rs 259.63 million in the previous year. The surge was largely driven by reduced production and financing costs.
Operating revenue inched up 0.78% to Rs 7.76 billion from Rs 7.70 billion a year earlier. Other income, however, fell 30.78% to Rs 139.4 million. Total profit rose 66.29% to Rs 1.72 billion.
The company’s cost of sales dropped 9.44% to Rs 6.03 billion, down from Rs 6.66 billion last year, significantly boosting profitability. Administrative expenses climbed 21.46% to Rs 275.13 million, while distribution expenses declined 3.67% to Rs 655.34 million. Finance costs fell sharply by 79.50% to Rs 10.18 million. Overall expenses decreased 1.66% to Rs 940.67 million.
Shivam Cement’s paid-up capital rose 8.54% to Rs 5.45 billion, share premium reserves stood at Rs 956.23 million, and other reserves increased 10.46% to Rs 3.87 billion.
As of the end of Ashad, the company’s earnings per share reached Rs 14.55, while net worth per share stood at Rs 188.57.
Industry analysts say the results highlight the company’s effective cost control and improved operational efficiency, positioning it strongly for future expansion and shareholder returns.
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