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.
| Financial Results For The Nine Month Ended March 31, 2025 (Rupees '000) | |||
| Description | Mar-25 | Mar-24 | %Change |
| Turnover – net | 7,849,010 | 5,834,075 | 34.54% |
| Cost of sales | (7,136,159) | (5,629,413) | 26.77% |
| Gross profit | 712,851 | 204,662 | 248.31% |
| Distribution and marketing expenses | (144,787) | (104,107) | 39.08% |
| Administrative expenses | (307,780) | (290,134) | 6.08% |
| Finance costs | (157,238) | (129,340) | 21.57% |
| Other expenses | (40,756) | (14,459) | 181.87% |
| Other income | 83,042 | 38,614 | 115.06% |
| Income / (Loss) before levies and taxation | 145,332 | (294,764) | |
| Levies (minimum tax and final tax) | (98,033) | (63,387) | 54.66% |
| Profit / (Loss) before income tax | 47,299 | (358,151) | |
| Taxation | 24,202 | 44,562 | -45.69% |
| Profit / (Loss) after taxation | 71,501 | (313,589) | |
| Earnings / (Loss) per share – basic and diluted | 1.99 | (8.71) | |
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Posted on: 2025-04-24T17:01:40+05:00
