Chaudhary Group's Electronics Businesses Generate Rs 1.11 Arba In Six Months

Two companies under Chaudhary Group’s electronics and home appliance business recorded combined revenue of around Rs 1.11 Arba in the first six months of the current fiscal year. EOL contributed the larger share with Rs 96.30 Crore, while CG Electronics reported revenue of Rs 14.90 Crore during the same period.

EOL, established in 2009, distributes and markets several household and electrical appliance brands in Nepal. The company is the authorized seller of Godrej, TCL, Kent, and Elica products, while also serving as a national dealer for CG and Sensei brands.

EOL has a strong distribution network across the country, with more than 1,000 dealers and distributors and 28 branch offices. Its operating profit margin stood at 11 percent in the first six months of the current fiscal year, compared to 13 percent in the same period last year.

Meanwhile, CG Electronics, established in 1991, saw a sharp decline in business this fiscal year. The company said its warehouse and assembly plant were damaged during the Gen Z movement last Bhadra, affecting its supply chain and reducing sales.

CG Electronics imports and assembles products under brands including LG, CG, Toshiba, Sensei, and TCL. Its interest coverage ratio dropped to 1.7 times in the first six months, compared to 6.3 times during the same period last year.

Ownership of the companies remains linked to Nirvana Chaudhary, who holds 99 percent of EOL and 52 percent of CG Electronics. EOL has received ratings for Rs 1.79 Arba in long-term loans, while CG Electronics has received ratings for Rs 66 Crore in short-term loans.