Net profit of Reliance Spinning Mills increases by six times

KATHMNDU, MAY 7: Reliance Spinning Mills has released its financial report for the third quarter of the current fiscal year. The report shows significant growth across most key indicators.

According to the published report, the company’s net profit has improved sixfold compared to the same period last year. While the company had earned a net profit of only Rs 50.3 million in the first nine months of 2023/24, it has posted the same amounting to Rs 324.2 million during the corresponding period of 2024/25.

The company’s gross profit during the review period has reached  Rs 1.285 billion, up by Rs 420 million. During the same period last year, the same kind of profit of the company’s total operating profit was Rs 865 million. 

By the third quarter of the current fiscal year, Reliance reported a total trade volume of Rs 7.39 billion. In comparison, its total trade volume had reached Rs 9.20 billion during the same period last year.