NRN Infrastructure Quarterly Results Q2 FY 2082/83
11th February 2026, Kathmandu
NRN Infrastructure and Development Limited (NRN) has published its unaudited financial statements for the second quarter of the fiscal year 2082/83, reporting a significant expansion in its total asset base alongside a temporary quarterly loss. As of Poush 30, 2082 (January 14, 2026), the company’s total assets reached NPR 3.56 billion, a substantial increase from the NPR 2.53 billion recorded in the same period last year.
NRN Infrastructure Quarterly Results
As a primary investment vehicle for Non-Resident Nepalis, the company focuses on infrastructure projects with high national priority, particularly in the energy and hospitality sectors.
Financial Performance and Portfolio Value
The financial results for this quarter highlight the volatility inherent in investment-based business models, where fair value adjustments often outweigh operational income.
Quarterly Profit/Loss: The company reported a net loss of NPR 5.29 million for the second quarter. This is a sharp contrast to the NPR 53.73 million profit in the corresponding quarter of the previous year.
Revenue Drivers: The loss was primarily driven by negative fair value adjustments on the company’s investment portfolio and a 14% decline in dividend income from its various holdings.
Comprehensive Income: Despite the net loss, the Total Comprehensive Income remained positive at NPR 62.69 million. This reflects an unrealized gain in the market value of the company’s long-term investments, even if those gains weren’t realized as “profit” this quarter.
Liquidity Strength: NRN maintains one of the strongest liquidity positions in the investment sector, with a current ratio of 30.32 times, ensuring it can easily meet any short-term financial obligations.
Investment Highlights: Hydropower and Hospitality
NRN Infrastructure’s strength lies in its diversified portfolio, which includes significant stakes in six hydropower projects and a recent entry into high-end hospitality.
1. Hydropower Portfolio
Operational Projects: Five of the six hydropower projects in NRN’s portfolio are currently operational and contributing to the national grid. These include projects like Dordi Khola (27 MW) and Likhu Hydropower (28.1 MW).
Upper Myagdi Hydropower (53.5 MW): This project is the current flagship of NRN’s under-construction portfolio. It has achieved over 40% physical progress and is on track for commercial production by March 2027.
2. Hospitality Expansion: Varnabas Museum Hotel
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In mid-2025, NRN officially expanded into the tourism sector by acquiring a 9.09% stake in the Varnabas Museum Hotel for approximately NPR 125 million. This move aligns with the company’s strategy to diversify away from purely energy-based assets.
Stock Market Performance
NRN remains a highly liquid stock on the Nepal Stock Exchange, often seeing high trading volumes during market rallies.
Closing Price: NPR 1,600.00 (as of February 10, 2026).
Net Worth Per Share: NPR 174.49.
Net Asset Value (NAV): NPR 198.41.
Recent Corporate Action: The company recently distributed a 40% bonus share and a 2.11% cash dividend for the fiscal year 2081/82, resulting in a significant price adjustment in November 2025.
Risks and Challenges
The company’s management has identified several factors that could impact future performance:
Market Volatility: As an investment company, NRN’s quarterly profits are highly sensitive to the ups and downs of the NEPSE index.
Damage to Assets: The company reported damage to one of its hotel investments during social protests in Bhadra 2082. While insurance has provided an interim compensation of NPR 50 million, reconstruction costs may impact future reports.
Hydrology Risks: The majority of NRN’s hydropower investments are Run-of-the-River (RoR) projects, meaning revenue is significantly lower during the dry winter months.
Conclusion
The NRN Infrastructure Quarterly Results for Q2 2082/83 illustrate a company that is growing its underlying asset base (now at NPR 3.56 billion) even while navigating the accounting complexities of a volatile capital market. With a massive 53.5 MW project nearing completion and a strong liquidity buffer, the company remains a fundamental player for investors seeking exposure to Nepal’s long-term infrastructure growth.
For More: NRN Infrastructure Quarterly Results
