Hi-Tech Lubricants swings to Rs319m loss in FY25
MG News | September 23, 2025 at 10:45 AM GMT+05:00
September 23, 2025 (MLN): Hi-Tech Lubricants
Limited (PSX: HTL) shared its financial results for the year ended June 30,
2025, posting a loss after tax of Rs318.78 million, compared to a profit
of Rs111.4m recorded in FY24.
This translated into a loss per share of Rs2.29,
versus earnings per share of Rs0.80 last year.
The company’s gross revenue rose 33.9% YoY to Rs35.83
billion (FY24: Rs26.76bn).
After accounting for discounts of Rs500.53m and sales tax of
Rs2.28bn, net revenue stood at Rs33.04bn, reflecting an increase of
37.6% over last year’s Rs24.02bn.
Cost of sales surged 37.4% YoY to Rs31.00bn, which
restricted gross profit growth to Rs2.04bn, up 41.1% from Rs1.44bn last
year.
Operating expenses swelled, with distribution costs climbing
18.3% to Rs1.2bn and administrative expenses increasing 10.3% to Rs798.27m.
Other expenses came in at Rs53.37m. In contrast, other
income plunged 73.6% to Rs279.69m, down from Rs1.06bn last year.
As a result, profit from operations dropped sharply by
62.8% to Rs262.49m, compared to Rs706.45m in FY24.
Finance costs were recorded at Rs405.20m, lower than last
year’s Rs544.64m (-25.5%). However, after finance charges, the company reported
a loss before levy and taxation of Rs142.71m, versus a profit of
Rs162.40m last year.
After accounting for levy of Rs151.99m and taxation of
Rs24.08m, HTL closed FY25 with a net loss of Rs318.78m, marking a stark
reversal from FY24’s Rs111.40m profit.
|
CONSOLIDATED
STATEMENT OF PROFIT OR LOSS FOR THE YEAR ENDED JUNE 30, 2025 (Rs.) |
|||
|
Description |
FY25 |
FY24 |
change% |
|
GROSS
REVENUE FROM CONTRACTS WITH CUSTOMERS |
35,827,893,721 |
26,759,270,163 |
33.9% |
|
Discounts |
(500,531,587) |
(628,306,843) |
-20.3% |
|
Sales
tax |
(2,284,458,166) |
(2,114,480,990) |
8.0% |
|
NET
REVENUE FROM CONTRACTS WITH CUSTOMERS |
33,042,903,968 |
24,016,482,330 |
37.6% |
|
COST OF
SALES |
(31,003,865,061) |
(22,571,816,010) |
37.4% |
|
GROSS
PROFIT |
2,039,038,907 |
1,444,666,320 |
41.1% |
|
DISTRIBUTION
COST |
(1,204,599,426) |
(1,018,633,572) |
18.3% |
|
ADMINISTRATIVE
EXPENSES |
(798,265,801) |
(723,546,889) |
10.3% |
|
OTHER
EXPENSES |
(53,368,412) |
(54,558,901) |
-2.2% |
|
TOTAL
EXPENSES |
(2,056,233,639) |
(1,769,739,362) |
16.2% |
|
OTHER
INCOME |
279,688,391 |
1,058,520,303 |
-73.6% |
|
PROFIT
FROM OPERATIONS |
262,493,659 |
706,447,261 |
-62.8% |
|
FINANCE
COST |
(405,199,105) |
(544,046,620) |
-25.5% |
|
(LOSS)
/ PROFIT BEFORE LEVY AND TAXATION |
(142,705,446) |
162,400,641 |
|
|
LEVY |
(151,998,856) |
(111,560,224) |
36.2% |
|
(LOSS)
/ PROFIT BEFORE TAXATION |
(294,704,302) |
50,840,417 |
|
|
TAXATION |
(24,076,599) |
60,563,380 |
|
|
(LOSS)
/ PROFIT AFTER TAXATION |
(318,780,901) |
111,403,797 |
|
|
(LOSS)
/ EARNINGS PER SHARE - BASIC AND DILUTED |
(2.29) |
0.80 |
|
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