GTYR posts Rs29.2m profit in 1QFY25
MG News | October 23, 2025 at 04:40 PM GMT+05:00
October 23, 2025 (MLN): Ghandhara Tyre & Rubber Company Limited (PSX: GTYR) reported a profit after tax of Rs29.16 million for the quarter ended September 30, 2025, showing a 37.9% increase from Rs21.14m in the corresponding quarter last year.
The company’s earnings
per share (EPS) rose to Rs0.24, up 41.2% from Rs0.17 in the same period of
FY24.
Despite the
profit growth, sales declined 3% year-on-year to Rs3.75bn from Rs3.86bn, while
the cost of sales fell 2.5% to Rs3.15bn from Rs3.24bn.
As a result, gross
profit contracted 5.5% to Rs593.9m, compared to Rs628.8m last year. The gross
margin slightly eased to 15.8% from 16.3%, indicating mild margin pressure on
the back of lower turnover.
Administrative
expenses increased 11.5% to Rs100m, while distribution costs rose 15.1% to Rs176.1m
due to higher marketing and logistics expenses.
Other income
decreased 39.2% to Rs22.3m, whereas other expenses surged 130% to Rs4.6m.
The company’s operating
profit stood at Rs335.5m, marking a 20.3% decline from Rs420.8m in the same
quarter last year.
However, finance
costs eased 23.2% to Rs302.1m from Rs393.5m, providing partial relief to the
bottom line.
Profit before
taxation rose 4.4% year-on-year to Rs8.1m, while taxation reversal increased
sharply by 57.5% to Rs21m, boosting the after-tax earnings.
Additionally,
the share of profit from an associated company jumped 259.4% to Rs7.8m,
contributing positively to the quarterly results.
Consequently,
GTYR concluded the quarter with a net profit margin of 0.78%, up from 0.55% in
the prior year, supported by a significant taxation reversal and improved
contribution from associates despite reduced operating performance.
|
STATEMENT OF PROFIT OR LOSS FOR THE QUARTER ENDED SEPTEMBER 30, 2025
(Rs.000) |
|||
|
Description |
2025 |
2024 |
Change% |
|
Sales - net |
3,748,855 |
3,864,939 |
-3.00% |
|
Cost of sales |
(3,154,917) |
(3,236,140) |
-2.51% |
|
Gross profit |
593,938 |
628,799 |
-5.54% |
|
Administrative expenses |
(100,021) |
(89,675) |
11.54% |
|
Distribution cost |
(176,084) |
(152,984) |
15.10% |
|
Other income |
22,270 |
36,598 |
-39.15% |
|
Other expenses |
(4,568) |
(1,988) |
129.78% |
|
Profit from operations |
335,535 |
420,750 |
-20.25% |
|
Finance cost |
(302,147) |
(393,458) |
-23.21% |
|
Profit before share of profit of an associated company |
33,388 |
27,292 |
22.34% |
|
Share of profit of an associated company |
7,810 |
2,173 |
259.41% |
|
Profit before income taxation, revenue and Final taxes |
41,198 |
29,465 |
39.82% |
|
Final taxes |
(387) |
(529) |
-26.84% |
|
Revenue tax |
(32,675) |
(21,146) |
54.52% |
|
Profit before income tax |
8,136 |
7,790 |
4.44% |
|
Taxation reversal |
21,024 |
13,351 |
57.47% |
|
Profit for the period |
29,160 |
21,141 |
37.93% |
|
Share of other comprehensive loss of an associated company |
(76) |
- |
|
|
Total comprehensive income for the period |
29,084 |
21,141 |
37.57% |
|
Earnings per share basic and diluted (Rs) |
0.24 |
0.17 |
41.18% |
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