Engro Powergen Qadirpur reports Rs385m profit, 34% lower YoY

April 15, 2025 (MLN): Engro Powergen Qadirpur Limited (PSX: EPQL) has reported a net profit of Rs384.6 million for the quarter ended March 31, 2025, marking a decline of 34.2% compared to Rs584.6m in the same period last year.

The company has declared an interim cash dividend of Rs7.5 per share, representing 75%.

Earnings per share (EPS) dropped to Rs1.19 from Rs1.81 in Q1 2024, reflecting the impact of a significant fall in finance income during the period.

Revenue for the quarter remained largely stable at Rs3.09 billion, showing a marginal increase of 0.19% compared to Rs3.08bn in the corresponding quarter of last year.

The cost of revenue saw a slight decrease of 0.19% to Rs2.63bn, resulting in a gross profit of Rs467.2m, up 2.35% year-on-year.

Administrative expenses increased by 5.5% to Rs108.2m, while other expenses declined sharply by 64.6% to Rs1.39m.

Other income rose significantly to Rs1.2m from Rs0.2m in Q1 2025, a growth of over 450%.

Profit from operations improved modestly by 2.4% to Rs358.8m.

However, finance income net fell dramatically by 89.1% to Rs26m from Rs237.6m in the prior year’s quarter, weighing heavily on the bottom line.

Profit before taxation stood at Rs384.8m, down 34.5% year-on-year.

Despite a 93.8% reduction in taxation expenses, the overall net profit and total comprehensive income for the quarter declined by over a third.

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