#EconomicNews #RelianceSpinningMillsLtd #FinancialPerformance
Reliance Spinning Mills Ltd., a production-oriented industry, has shown remarkable progress compared to its competitors by making aggressive improvements in its financial performance. The company has achieved the highest earnings per share (EPS) in the third quarter of the current fiscal year 2081/82, surpassing other major companies in the cement and spinning sectors like Sarbottam, Shivam, Sonapur, and Ghorahi Cement.
Over the past five years, Reliance has consistently outperformed, with its EPS steadily increasing. In the current fiscal year, Reliance has reported a net profit of NPR 1.28 billion up to the month of Chaitra, a significant improvement from the previous year’s profit of only NPR 86.5 million during the same period. This strong financial performance has positioned Reliance at the forefront of the industry.
In comparison, other companies in the sector have shown relatively weaker EPS figures. For instance, in the previous fiscal year, Shivam Cement had an EPS of NPR 15.67, Sarbottam at NPR 11.55, Ghorahi at NPR 6.81, and Sonapur at NPR 6.47. However, in the current fiscal year, Ghorahi and Sonapur Cement reported negative EPS figures of -31.68 and -16.91, respectively.
Ramesh Khatri, a representative of Kansai Nepal News, commented, “Reliance Spinning Mills Ltd.’s consistent growth and strong financial performance indicate a promising future for the company in the industry.”
Moreover, Reliance has announced a significant improvement in its overall profit and business operations. The company has recorded a profit of NPR 1.285 billion during the current fiscal year, showing a substantial increase compared to the previous year’s profit of NPR 860.5 million. Despite a slightly lower business turnover than the previous year, Reliance has made noteworthy strides in profit margins.
Preparations for an Initial Public Offering (IPO) are also underway at Reliance, with plans to issue around 1,155,960 ordinary shares at a price of NPR 820 per share. The company aims to raise approximately NPR 95 million through this IPO, as part of its strategy to expand and enhance its market presence.
Reliance Spinning Mills Ltd., established in 2054 BS, has attracted investments exceeding NPR 15 billion so far and provides direct employment to over 4,000 individuals. The company is currently gearing up for an IPO launch following the book-building process, which aims to make ordinary shares available to the general public.
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Author: MAYA | HARUTO
Posted at: May 18, 2025 7:01 pm
