K-Electric posts Rs4bn profit in FY24

September 23, 2025 (MLN): K-Electric Limited (PSX: KEL) has reported its financial results for the year ended June 30, 2024, showing a significant turnaround from the previous year.

The company posted a profit after tax of Rs4.24 billion, compared to a massive loss of Rs39.48 billion in the preceding year.

This positive shift is also showed in the company's earnings per share (EPS), which rebounded to Rs0.15 from a negative Rs1.43 in FY23.

The dramatic improvement in the company's financial health was driven by an increase in top-line revenue.

K-Electric's total revenue for the year stood at Rs615.87bn, an 18.50% increase from Rs519.73bn in the previous year.

Despite a 4.05% decrease in the consumption of fuel and oil to Rs201.27 billion, the overall cost of sales rose by 5.11% to Rs484.47bn.

Still, the higher revenue led to a substantial jump in gross profit, which surged by 123.38% to Rs131.41bn from Rs58.82bn in FY23.

The company's performance was also bolstered by a surge in "Other income," which increased by 59.04% to Rs20.05bn from Rs12.61bn last year.

Conversely, finance costs saw a significant increase of 64.25% to Rs56.78bn.

After accounting for all income and expenses, the company's profit before taxation was Rs25.84bn, a remarkable recovery from a loss of Rs36.33bn in FY23.

However, taxation charges saw a massive increase of 577.83% to Rs21.57bn, which moderated the final profit for the year.

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