HPL earnings nearly double in 9MFY25
MG News | October 24, 2025 at 12:03 PM GMT+05:00
October 24, 2025 (MLN): Hoechst Pakistan Limited (PSX: HPL) has reported a consolidated profit after tax of Rs2.21 billion for the nine months ended September 30, 2025, showing a robust increase of 83.5% compared to Rs1.20bn in the same period last year.
Total revenue from contracts with customers surged 19.8%
to Rs24.58bn during 9MFY25, compared to Rs20.52bn in the corresponding
period of FY24.
Gross profit witnessed impressive growth of 37.8% to
Rs8.67bn, as cost of sales rose at a slower pace of 11.8% to Rs15.91bn, showing
improved operational efficiency and better cost management.
Operating profit jumped 53.2% to Rs3.95bn, driven by
strong top-line growth despite higher operating expenses. Distribution and
marketing costs increased 33.9% to Rs3.35bn, while administrative expenses rose
modestly by 2.8% to Rs810.25m.
A significant positive development was the 82.2% decline
in allowance for expected credit loss, which dropped to Rs18.06m from Rs101.20m
last year, indicating substantially improved asset quality and better credit
risk management.
Other expenses increased 45.3% to Rs741.06m, while other
income grew 4.2% to Rs199.15m. Overall, total other expenses/income rose 27.2%
to Rs4.72bn.
Finance costs decreased 7.8% to Rs76.44m, compared to
Rs82.94m in 9MFY24, providing relief amid the evolving interest rate
environment.
Profit before income tax surged 80.2% to Rs3.87bn, up
from Rs2.15bn in the same period last year.
However, total income tax expense increased 76.0% to
Rs1.66bn, driven primarily by a 103.7% rise in current tax to Rs1.95bn.
Notably, deferred tax shifted dramatically from an expense
of Rs12.90m to an income of Rs287.56m, while minimum tax differential improved
significantly with a 99.9% reduction.
Despite higher taxation, profit after tax stood at Rs2.21bn,
with earnings per share (EPS) recorded at Rs229.21, up
substantially from Rs124.93 in the same period last year, representing an 83.5%
year-on-year growth.
The strong performance reflects Hoechst Pakistan's
successful business expansion, improved operational efficiency, and better
asset quality management during the nine-month period.
|
STATEMENT OF PROFIT OR
LOSS FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2025 (Rs.000) |
|||
|
Description |
2025 |
2024 |
Change% |
|
REVENUE FROM CONTRACT
WITH CUSTOMERS - NET |
24,582,840 |
20,516,760 |
19.82% |
|
Cost of sales |
(15,908,876) |
(14,224,194) |
11.84% |
|
GROSS PROFIT |
8,673,964 |
6,292,566 |
37.84% |
|
Distribution and
marketing costs |
(3,353,696) |
(2,505,565) |
33.85% |
|
Administrative expenses |
(810,251) |
(788,359) |
2.78% |
|
Allowance for expected
credit loss |
(18,055) |
(101,199) |
-82.16% |
|
Other expenses |
(741,061) |
(510,039) |
45.29% |
|
Other income |
199,151 |
191,141 |
4.19% |
|
Total Other
Expenses/Income |
(4,723,912) |
(3,714,021) |
27.19% |
|
OPERATING PROFIT |
3,950,052 |
2,578,545 |
53.19% |
|
Finance costs |
(76,442) |
(82,935) |
-7.83% |
|
PROFIT BEFORE MINIMUM
TAX DIFFERENTIAL, FINAL TAX AND INCOME TAX |
3,873,610 |
2,495,610 |
55.22% |
|
Minimum tax differential |
(173) |
(310,997) |
-99.94% |
|
Final tax |
- |
(35,019) |
|
|
PROFIT BEFORE INCOME TAX |
3,873,437 |
2,149,594 |
80.19% |
|
Income tax - Current |
(1,950,353) |
(957,581) |
103.67% |
|
- Deferred |
287,562 |
12,896 |
2129.85% |
|
Total Income Tax Expense
(Net) |
(1,662,791) |
(944,685) |
76.02% |
|
PROFIT FOR THE PERIOD |
2,210,646 |
1,204,909 |
83.47% |
|
EARNINGS PER SHARE -
basic and diluted (Rupees) |
229.21 |
124.93 |
83.47% |
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