Agriautos returns to profitability

April 24, 2025 (MLN): Agriautos Industries Limited (PSX: AGIL) reported a profit after tax of Rs71.5 million (EPS: Rs1.99) for the nine months ended March 31, 2025, recovering from a loss of Rs313.59m (LPS: Rs8.71) in the same period last year.

The turnaround was driven by a robust 34.5% year-on-year increase in net turnover, which reached Rs7.85 billion compared to Rs5.83bn in the previous year.

Gross profit surged by a staggering 248.3% to Rs712.85m, reflecting improved margins.

The company’s other income more than doubled to Rs83.04m, up 115.1% from Rs38.61m in SPLY, further supporting the bottom line.

However, expenses rose across several heads, with distribution and marketing expenses increasing by 39.1% to Rs144.79m, and administrative expenses growing by 6.1% to Rs307.78m.

Finance costs also rose 21.6% year-on-year to Rs157.24m, likely due to higher borrowing costs, while other expenses jumped 181.9% to Rs40.76m.

Despite higher levies of Rs98.03m, the company posted a pre-tax profit of Rs47.3m, a strong reversal from the pre-tax loss of Rs358.15m recorded last year.

On the taxation front, the company received a tax credit of Rs24.2m, compared to Rs44.56m in the corresponding period, contributing to the overall profitability boost.