BFAGRO reports Rs505m profit, up 90% YoY

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MG News | April 23, 2025 at 04:20 PM GMT+05:00

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April 23, 2025 (MLN): Barkat Frisian Agro Limited (PSX: BFAGRO) has posted a remarkable 90% year-on-year jump in net profit, clocking in at Rs505.2 million for the nine-month period ended March 31, 2025, compared to Rs265.8m in the same period last year, as per the company’s unaudited financials.

Earnings per share (EPS) stood at Rs3.41, up 15.6% from Rs2.95 last year.

The sharp increase in bottom-line profitability was fueled by a 19% surge in net sales, reaching Rs5.6bn, alongside a significant boost in other income, which skyrocketed by over 295% to Rs103.4m.

Despite a 15.7% rise in cost of sales, the company managed to improve its gross margins, with gross profit increasing by 45.4% to Rs700.5m, up from Rs481.9mlast year.

Operating profit rose 38.6% YoY to Rs525.9m, despite a notable uptick in expenses — selling & distribution costs jumped 71%, and administrative expenses climbed nearly 70%.

Finance costs were marginally down by 5%, while other expenses nearly doubled. Meanwhile, foreign exchange gains dropped by 39%, but the shortfall was amply covered by the rise in other income.

The company recorded no minimum tax this year, in contrast to a Rs32.3m outflow in the prior period, further boosting pre-tax profit by nearly 90% to Rs506.4m.

Condensed Interim Statement of Profit/Loss for nine months ended on March 31, 2025 (Rs in '000)

 
 

31-Mar-25

31-Mar-24

Change %

Sales - net

5,613,176,062

4,726,315,780

18.76%

Cost of sales

(4,912,640,053)

(4,244,441,750)

15.74%

Gross profit

700,536,008

481,874,030

45.37%

Selling & distribution expenses

(121,826,888)

(71,240,337)

71%

Administrative expenses

(52,826,148)

(31,121,146)

69.74%

Operating profit

525,880,972

379,512,547

38.56%

Other expenses

(42,034,689)

(22,267,321)

88.77%

Un-realized foreign exchange gain

1,455,982

2,399,035

-39.3%

Other income

103,384,265

26,143,437

295.45%

Finance costs

(82,237,653)

(86,547,772)

-4.98%

Profit/(Loss) before tax & levy

506,448,877

299,376,075

69.16%

Minimum tax

-

(32,259,860)

 

Profit before taxation

506,448,877

267,116,215

89.59%

Taxation

(1,208,669)

(1,283,420)

-5.82%

Profit after taxation

505,240,208

265,832,796

90.05%

Basic & diluted EPS (PKR)

3.41

2.95

15.59%

Copyright Mettis Link News

 

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