Bestway Cement reports around 70% increase in profit after tax

April 17, 2025 (MLN): Bestway Cement Limited (PSX: BWCL) reported a profit after tax of Rs17.54 billion [EPS: Rs29.42] for the nine-month period ended March 31, 2025, marking a robust 69.98% increase compared to Rs10.32bn [EPS: Rs17.31] in the same period last year.

The company has declared an interim cash dividend of Rs8 per share (80%).

The company’s gross turnover grew by 14.01% year-on-year (YoY) to Rs127.82bn, up from Rs112.12bn in the corresponding period of 2024.

Despite a 40.45% YoY increase in sales tax and excise duty to Rs41.38bn, and a 71.57% surge in rebates and discounts, the net turnover still increased by 2.42% YoY to Rs82bn.

Cost of sales declined by 5.11% YoY to Rs53.52bn, resulting in a 20.35% increase in gross profit to Rs28.48bn.

On the expense side, selling and distribution costs rose by 26.52% to Rs1.26bn, administrative expenses grew by 32.96% to Rs1.42bn, and other operating expenses surged by 57.58% to Rs1.34bn.

Despite the rise in expenses, the company operating profit stood at Rs24.46bn, showing a 17.88% YoY increase.

Other income soared by 139.40% to Rs1.37 billion, while finance costs fell by 26.42% YoY to Rs6.3bn.

The share of profit from equity-accounted investees also more than doubled, rising by 113.11% YoY to Rs7.49bn.

Consequently, the company’s profit before tax climbed 66.02% YoY to Rs27.02bn.

Income tax expense also rose by 59.16% YoY to Rs9.48bn.

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