Sonapur Minerals and Oil Ltd. has made a strong financial recovery. Last year, the company had a loss of Rs. 47 crore. In the fourth quarter of fiscal year 2081/82, it earned a profit of Rs. 61.5 lakh.
The company’s total income grew by 59.47 percent, exceeding Rs. 2.61 billion. Gross profit increased from Rs. 8.62 crore to more than Rs. 70 crore. The operating loss of Rs. 13.64 crore last year turned into an operating profit of Rs. 43.7 crore.
Reserves rose from Rs. 29 crore to over Rs. 112 crore. At the same time, debt fell from Rs. 50.52 crore to Rs. 18.32 crore.
The company also achieved a positive earnings per share (EPS) of Rs. 0.20. Its net worth per share now stands at Rs. 190.49. This shows a strong turnaround from loss to profit in just one year.
