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
Posted on: 2025-04-23T16:20:02+05:00
