Millat Tractors (PSX: MTL) reports 40% drop in annual profit
MG News | September 15, 2025 at 03:48 PM GMT+05:00
September 15, 2025 (MLN): Millat Tractors Limited (PSX: MTL) has informed its financial results for the year ended June 30, 2025, revealing a significant drop in profitability
The company's
net profit after tax fell to Rs. 6.32bn, a substantial decrease of 40.55%
compared to the restated profit of Rs10.64 bn in FY24.
This decline was
primarily driven by a sharp contraction in revenue. Revenue from contracts with
customers dropped by 43.85% to Rs53.35bn, from Rs95.02bn in the previous fiscal
year.
This resulted in
a gross profit of Rs14.41bn, which was 39.90% lower than the Rs23.97bn recorded
in FY24.
Despite a
decrease in some expenses, the company's operating profit still saw a
considerable decline of 46.80% to Rs10.32bn.
Finance costs,
however, surged by 60.05% to Rs. 2.21bn, further pressuring the bottom line.
Consequently,
the company's earnings per share (EPS) for the year stood at Rs. 31.70,
representing a significant decrease of 41.70% from the Rs. 54.37 reported in
the previous year.
|
STATEMENT OF PROFIT OR LOSS FOR THE
YEAR ENDED JUNE 30, 2025(Rs.000) |
|||
|
Descriptions |
2025 |
2024 |
Change% |
|
Revenue from contracts with
customers |
53,347,603 |
95,020,571 |
-43.86% |
|
Cost of sales |
(38,940,489) |
(71,048,945) |
-45.19% |
|
Gross profit |
14,407,114 |
23,971,626 |
-39.90% |
|
Distribution and marketing expenses |
(1,743,400) |
(2,090,918) |
-16.62% |
|
Administrative expenses |
(1,985,289) |
(1,882,084) |
5.48% |
|
Other operating expenses |
(974,537) |
(1,386,312) |
-29.70% |
|
Other income |
612,595 |
768,556 |
-20.29% |
|
Operating profit |
10,316,483 |
19,380,868 |
-46.77% |
|
Finance cost |
(2,211,516) |
(1,381,806) |
60.05% |
|
Profit before income taxes and final
taxes |
8,104,967 |
17,999,062 |
-54.97% |
|
Levy - Final taxes |
(24,175) |
(64,243) |
-62.37% |
|
Profit before income tax |
8,080,792 |
17,934,819 |
-54.94% |
|
Taxation - Income tax |
(1,756,619) |
(7,297,572) |
-75.93% |
|
Profit after tax for the year |
6,324,173 |
10,637,247 |
-40.55% |
|
Earnings per share (Rupees) |
31.7 |
54.37 |
-41.70% |
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