HDL Reports Declining Revenue and Profit in the First Quarter

Himalayan Distillery Limited (HDL) has published its unaudited financial report for the first quarter of the current fiscal year, revealing a decline in both sales revenue and net profit. According to the report, the company generated sales of Rs. 1.48 billion during the same period last fiscal year, but the figure has fallen sharply to Rs. 1.07 billion this year—reflecting a contraction of 27.64%.

The drop in revenue has directly impacted profitability as well. HDL recorded a net profit of Rs. 198.8 million in the first quarter of the previous fiscal year, but the profit has decreased by 54.61%, settling at Rs. 90.2 million this year.

Along with the profit decline, the company’s earnings per share (EPS) have also weakened. EPS has dropped by Rs. 18.2 to Rs. 11.75 during the review period. HDL’s net worth per share stands at Rs. 138.04, while the price-to-earnings (P/E) ratio has reached 111.52 times.

The company has a paid-up capital of Rs. 3.07 billion, with reserves totaling Rs. 1.18 billion. Analysts note that declining sales volume, changing market dynamics, and cost pressures have collectively contributed to the weakened financial performance in the first quarter.