Atlas Battery sees steep fall in yearly profit

Statement of Profit and Loss for the Year Ended June 30, 2025 (Rs '000')

Description

Jun-25

Jun-24

%Change

Sales

35,201,281

41,470,592

-15.12%

Cost of sales

(31,240,385)

(35,535,871)

-12.09%

Gross profit

3,960,896

5,934,721

-33.26%

Distribution cost

(1,494,732)

(1,402,929)

6.54%

Administrative expenses

(666,049)

(654,827)

1.71%

Other income

89,210

99,883

-10.69%

Other expenses

(75,722)

(187,127)

-59.53%

Profit from operations

1,813,603

3,789,721

-52.14%

Finance cost

(1,188,311)

(1,619,351)

-26.62%

Profit before income tax, final tax and revenue tax

625,292

2,170,370

-71.19%

Final tax

(7,676)

(15,129)

-49.26%

Revenue tax

(271,698)

–

Profit before income tax

345,918

2,155,241

-83.95%

Income tax

Current tax - for the year including super tax

(235,878)

(888,320)

-73.45%

- for the prior years

(2,512)

14,623

Deferred tax

(16,323)

62,105

Profit for the year

91,205

1,343,649

-93.21%

Other comprehensive (loss) / income

Items that will not be reclassified to profit or loss

Surplus on revaluation of land

–

260,400

Re-measurement of staff retirement benefit obligation

(10,821)

21,231

Impact of deferred tax

2,110

(8,280)

Other comprehensive (loss) / income for the year - net of tax

(8,711)

273,351

Total comprehensive income for the year

82,494

1,617,000

-94.90%

Earnings per share - basic and diluted

2.6

38.37

-93.22%