Engro Holdings' profit jumps 17% to Rs43bn

March 03, 2025 (MLN): Engro Holdings Limited (PSX: ENGROH) unveiled its consolidated profit and loss statement for the period ended December 31, 2024, reporting a profit after tax of Rs43.24 billion, marking a 17.28% increase from Rs36.87bn in the corresponding period last year.

The profit after tax from continuing operations stood at Rs39.13bn, reflecting a 13.92% increase compared to Rs34.35bn in 2023.

The company’s revenue surged by 13.85% year-over-year (YoY) to Rs406.17bn, while the cost of revenue increased by 23.66% YoY, leading to a gross profit of Rs97.67bn, an 8.95% decline from the previous year.

Operating profit declined marginally by 3.86% YoY to Rs83.98bn, impacted by a sharp rise in finance costs, which soared 117.34% YoY to Rs20.31bn.

Other income dropped significantly by 62.44% to Rs21.63bn, while other operating expenses declined by 34.12%.

The company's taxation expenses decreased by 39% YoY, bringing the tax burden down to Rs22.54bn from Rs36.96bn in 2023.

Profit from discontinued operations also saw a sharp increase of 63.04% YoY, contributing Rs4.1bn to the bottom line.

The profit attributable to the owners of the holding company surged by a remarkable to Rs12.89bn, while the non-controlling interest portion declined YoY to Rs30.35bn.

Earnings per share (EPS) from continuing operations stood at Rs24.24, up 45.5% from Rs16.66 in the previous year, while EPS from discontinued operations fell by 36.66% to Rs2.54.

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