नेपाल वेयरहाउसिङ कम्पनी चौथो त्रैमासिक नतिजा: ३१ करोड आम्दानी, EPS -८.१३ सहित गहिरो घाटाNepal Warehousing Company Q4 Results: Revenue Surges to Rs. 314M but Losses Deepen with EPS at -8.13
नेपाल वेयरहाउसिङ कम्पनी लिमिटेड (NWCL) ले आर्थिक वर्ष २०८१/८२ (2024/25) को चौथो त्रैमासिक अडिट गरिएको नतिजा सार्वजनिक गरेको छ। नतिजामा राजस्व अभूतपूर्व रूपमा बढे पनि कम्पनी अझै गहिरो घाटामा रहेको देखिएको छ।
कम्पनीको कुल आम्दानी यस त्रैमासमा ३१ करोड ४० लाख रुपैयाँ पुगेको छ, जुन गत वर्षको सोही अवधिको १ करोड ४८ लाख रुपैयाँभन्दा अत्यधिक वृद्धि हो। तर, यो वृद्धि नाफामा परिणत हुन सकेको छैन।
NWCL को मोटा नाफा २ करोड ५६ लाख रुपैयाँमा पुगेको छ, जुन अघिल्लो वर्षको ३४ लाख रुपैयाँभन्दा धेरै भए पनि मार्जिन घटेर ८.१८% मा झरेको छ। गत वर्ष यसै अवधिमा मार्जिन २७% थियो, जसले लागत नियन्त्रणमा कमजोरी देखाउँछ।
कम्पनी अझै घाटामै छ। शुद्ध नाफा (Net Income) -५५ करोड ८७ लाखमा सीमित भएको छ, जुन गत वर्षको -८० करोडभन्दा केही सुधार भए पनि अझै गहिरो घाटा हो। शुद्ध नाफा मार्जिन -१७.८१% मा झरेको छ।
वित्तीय अनुपातहरू पनि कमजोर देखिएका छन्। ROA -३.३७%, ROE -१०.१८% र EPS -८.१३ रुपैयाँ कायम छ। यी सूचकले लगानीकर्ताको सम्पत्ति र इक्विटीमा नोक्सानी देखाउँछन्।
तर, द्वितीयक बजारमा लगानीकर्ताको विश्वास अझै उच्च देखिन्छ। कम्पनीको बजार मूल्य प्रतिशेयर ९२२.३९ रुपैयाँमा पुगेको छ, जबकि बुक भ्यालु मात्र ७४.३१ रुपैयाँ छ। यसले कम्पनीलाई नाफा नभए पनि उच्च मूल्यमा कारोबार भइरहेको देखाउँछ, जसको PE अनुपात -११३.४९ छ।
समग्रमा, NWCL ले राजस्वमा ठूलो वृद्धि देखाए पनि घाटा र लागत व्यवस्थापनमा सुधार आवश्यक छ। लगानीकर्ताको उत्साह देखिए पनि दीर्घकालीन स्थायित्वका लागि कम्पनीले नाफा स्थिरीकरणमा ध्यान दिनुपर्ने देखिन्छ।
Nepal Warehousing Company Limited (NWCL) has published its audited financial results for the fourth quarter of fiscal year 2024/25, reflecting severe challenges in profitability despite a remarkable surge in revenue.
The company’s total revenue jumped to Rs. 314 million in Q4, a massive increase compared to just Rs. 14.84 million in the same period last year. This exponential growth, however, has not translated into profitability, as expenses and operating inefficiencies continue to weigh heavily on the business.
NWCL reported a gross profit of Rs. 25.66 million, significantly higher than Rs. 3.45 million a year ago. However, the gross profit margin contracted sharply to just 8.18% in Q4, compared to 27.05% last year and above 60% in earlier quarters, showing a decline in cost efficiency.
The company remained in deep losses. Net income stood at a negative Rs. 55.87 million, slightly better than last year’s Rs. 80.03 million loss but still reflecting continued financial stress. Net profit margin deteriorated to -17.81%, underscoring heavy cost burdens relative to income.
Financial ratios highlight the company’s ongoing struggle. Return on Assets (ROA) fell to -3.37%, while Return on Equity (ROE) declined further to -10.18%. Similarly, Earnings per Share (EPS) stood at -8.13, extending the negative trend of the past fiscal periods.
Despite these weak fundamentals, investor sentiment in the secondary market remains surprisingly bullish. The company’s market value per share reached Rs. 922.39 in Q4, up from Rs. 898 last year, even though book value per share stands at only Rs. 74.31. This has pushed the price-to-earnings (PE) ratio to -113.49, highlighting high speculative valuation disconnected from earnings performance.
Overall, NWCL has achieved extraordinary revenue growth but continues to struggle with losses and low margins. While investors remain optimistic, the financial statements reveal the urgent need for cost control and efficiency improvements before revenue gains can be translated into sustainable profitability.
