PTL posts Rs282.56m profit

October 22, 2025 (MLN): Panther Tyres Limited (PSX: PTL) has reported its financial results for the first quarter ended September 30, 2025 (1QFY25), posting a net profit after taxation of Rs282.56 million, up significantly by 314.4% from Rs68.19m in the same period last year (SPLY).

The company's earnings per share (EPS) stood at Rs1.68, compared to Rs0.41 in SPLY, showing strong operational performance.

During the quarter, revenue from contracts with customers increased 11.2% year-on-year to Rs8.92 billion, compared to Rs8.02bn last year, supported by higher sales volumes.

Cost of sales rose 6.8% to Rs7.58bn, resulting in a robust improvement in gross profit, which jumped 45.1% to Rs1.34bn, from Rs923.97m in the same period last year.

Selling and distribution expenses increased 30.2% to Rs352.29m, while administrative and general expenses climbed 8.5% to Rs127.64m. Other operating expenses surged by 2,366% to Rs68.18m, compared to Rs2.76m in the prior year.

The company recorded a credit loss allowance on trade debts of Rs10.37m during the quarter, while other income dropped sharply by 76.5% to Rs8.20m, down from Rs34.90m in SPLY.

As a result, profit from operations grew 39.2% to Rs790.22m, compared to Rs567.88m in the same quarter last year.

Finance costs decreased significantly by 33.3% year-on-year to Rs337.57m, showing improved cost management and lower borrowing expenses.

Consequently, profit before income tax and minimum/final tax surged 630.8% to Rs452.65m, compared to Rs61.94m previously. After adjusting for minimum tax and final tax, profit before taxation stood at Rs452.65m, versus a loss of Rs38.32m in SPLY.

After accounting for taxation of Rs170.09m, the company posted a profit after taxation of Rs282.56m, marking a 314.4% increase from Rs68.19m last year.

Other comprehensive income declined 53.7% to Rs3.34m, bringing total comprehensive income to Rs285.90m, up 279.2% from Rs75.40m in the corresponding period last year.

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