Engro Holdings sees 48% drop in nine-month profit

April 28, 2025 (MLN): Engro Holdings Limited (PSX: ENGROH) unveiled its consolidated profit and loss statement for the nine months ended March 31, 2025, reporting a total profit after tax of Rs3.98 billion, marking a 48.37% decline from Rs7.71bn recorded in the corresponding period last year.

The profit after tax from continuing operations stood at Rs3.42bn, reflecting a 56.08% decrease compared to Rs7.78bn in 9MFY24.

The company’s revenue dropped by 30.09% year-over-year (YoY) to Rs72.91bn, while the cost of revenue decreased by 32.85% YoY, leading to a gross profit of Rs17.83bn, down 19.96% from the same period last year.

Operating profit declined sharply by 31.13% YoY to Rs12.62bn, impacted by a 13.59% rise in finance costs, which stood at Rs4.6bn.

Other income fell substantially by 43.55% to Rs2.23bn, while other operating expenses slightly decreased by 2.96%.

The company's taxation expenses declined by 31.35% YoY, totaling Rs4.21bn for the nine months.

Profit from discontinued operations showed a strong turnaround, rising by 896.35% YoY and contributing Rs562.69m to the bottom line.

The profit attributable to the owners of the holding company declined by 9.55% YoY to Rs1.77bn, while the non-controlling interest portion dropped significantly by 61.54% YoY to Rs2.21bn.

Earnings per share (EPS) from continuing operations stood at Rs1.71, down 59.29% from Rs4.20 in the previous year, while EPS from discontinued operations declined by 63.70% to Rs1.47.

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