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.
| Consolidated Statement of Profit and Loss For The Nine Month Ended March 31, 2025 (Rupees '000) | |||
| Description | Mar-25 | Mar-24 | %Change |
| Revenue | 72,910,789 | 104,299,728 | -30.09% |
| Cost of Revenue | (55,084,002) | (82,026,080) | -32.85% |
| Gross Profit | 17,826,787 | 22,273,648 | -19.96% |
| Selling & Distribution Expenses | (3,357,270) | (3,746,423) | -10.39% |
| Administrative Expenses | (3,180,654) | (3,267,901) | -2.67% |
| Other Income | 2,225,579 | 3,942,430 | -43.55% |
| Other Operating Expenses | (900,308) | (927,809) | -2.96% |
| Gains Allowance on Subsidy Receivable from GoP | 10,523 | 57,783 | -81.79% |
| Operating Profit | 12,624,657 | 18,331,728 | -31.13% |
| Finance Cost | (4,596,156) | (4,046,322) | 13.59% |
| Share of Income from Joint Venture & Associates | 684,179 | 631,038 | 8.42% |
| Profit Before Income Tax, Minimum Tax & Final Tax | 8,712,680 | 14,916,444 | -41.59% |
| Minimum Tax & Final Tax | (1,082,991) | (1,001,280) | 8.16% |
| Profit Before Income Tax | 7,629,689 | 13,915,164 | -45.17% |
| Taxation | (4,213,139) | (6,136,726) | -31.35% |
| Profit from Continuing Operations | 3,416,550 | 7,778,438 | -56.08% |
| Profit / (Loss) from Discontinued Operations | 562,688 | -70,658 | -896.35% |
| Total Profit for the Period | 3,979,238 | 7,707,780 | -48.37% |
| Attributable to Owners of the Holding Company | 1,765,979 | 1,952,376 | -9.55% |
| Attributable to Non-Controlling Interest | 2,213,259 | 5,755,404 | -61.54% |
| Earnings Per Share – Basic & Diluted | |||
| – Continuing Operations | 1.71 | 4.2 | -59.29% |
| – Discontinued Operations | 1.47 | 4.05 | -63.70% |
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Posted on: 2025-04-28T16:11:00+05:00
