One year earnings of Jagdamba Steel 14 billion
Jagdamba Enterprises, which claims to be the number one steel company in Nepal, has earned more than 14 billion in one year. Jagdamba Enterprises has reported an operating income of 14 billion 26 million rupees in 2021. This is a decrease compared to the previous year as the company made a large amount of income. In the previous year i.e. 2020, the company had an income of 14 billion 98 million 10 million. In 2019, such income of the company was 19 billion 66 million 10 million rupees. The company said that this income has decreased due to Corona.
The company’s profit margin has reached 10.78 percent. In the previous two years, this rate was 3.91 percent and 4.35 percent respectively. The company, which has been operating for 20 years, has an annual capacity of 362,460 metric tons of various types of steel products. The company has constructed a pipe production plant at Jitpur in Parsa.
Steel manufacturing company Jagdamba Steel is the first company in the industrial history of Nepal to start exporting domestic products to third countries. This company manufactures various sizes of galvanized iron pipe, shutter guide, hot rolled strips, TMT bar, shutter profile, MS black pipe, shutter spring, lock plate etc.
According to the company, this income is due to the popularity and demand of Jagdamba’s ‘Color Coated Coils and Sheets’, which have won the hearts of millions of consumers in Nepal. According to the company, Jagdamba Steel products, Jagdamba’s ‘Color Coated Coils and Sheets’ have been tested and approved by consumers in South East, Middle East Asian countries and South Africa with high supply demand.