( SONA ) Sonapur Minerals and Oil Reports Improved Financial Performance in Q3 of FY 2081

Sonapur Minerals and Oil has published its unaudited financial results for the third quarter of the fiscal year 2081, ending on Chaitra 31. The report indicates a substantial turnaround in core financial metrics compared to the same period last fiscal year, despite still posting a net loss.

The company’s revenue from operations rose sharply by 49.79%, reaching NPR 1.76 billion in Q3 2081 compared to NPR 1.17 billion in Q3 2080. This significant increase in sales appears to be the key driver behind other improved figures in the report.

A major highlight is the gross profit, which jumped from just NPR 82.11 million last year to NPR 300.35 million in the current quarter—an outstanding 265.79% growth. This suggests better cost management and operational efficiency in converting revenue into profit before expenses.

While other income slightly declined by 4.15% (NPR 416,000 vs. NPR 434,000), the operating profit shifted dramatically from a negative NPR 83.56 million in Q3 2080 to a positive NPR 94.85 million this quarter, showing that the company has returned to profitability at the operational level.

Despite the operational turnaround, the company still reported a net loss of NPR 75.93 million for the year. However, this is a considerable improvement compared to the loss of NPR 278.02 million reported in the same quarter last year. This reduction in losses points to a potential recovery trajectory if the positive trend in sales and operating profit continues.

The company’s Earnings Per Share (EPS) also improved significantly, though still in the negative territory. EPS stood at -3.29, compared to -12.05 in the previous year, again showing narrowing losses. Furthermore, the net worth per shareincreased from NPR 170.73 to NPR 185.86, which reflects an improvement in shareholder value despite the ongoing losses.

The reserves and surplus position also strengthened notably, increasing by 21.32%, from NPR 2.18 billion to NPR 2.64 billion. The equity share capital remained unchanged at NPR 3.07 billion.

Overall, Sonapur Minerals and Oil has shown promising signs of recovery in the third quarter of FY 2081. If the trend continues into the final quarter, the company might close the fiscal year with stronger fundamentals and potentially return to net profitability.