Engro Powergen Qadirpur reports Rs385m profit, 34% lower YoY

MG News | April 15, 2025 at 02:42 PM GMT+05:00

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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.

Financial Result for the Quarter Ended March 31, 2025 (Rupee '000')
	Mar-25	31-Mar-24	%Change
Revenue	3,093,994	3,088,186	0.19%
Cost of revenue	(2,626,769)	(2,631,671)	-0.19%
Gross profit	467,225	456,515	2.35%
Administrative expenses	(108,241)	(102,562)	5.54%
Other expenses	(1,385)	(3,909)	-64.57%
Other income	1,199	217	452.53%
Profit from operations	358,798	350,261	2.44%
Finance income - net	25,993	237,610	-89.06%
Workers' Profits Participation Fund	-	-
Profit before taxation	384,791	587,871	-34.54%
Taxation	(199)	(3,228)	-93.84%
Profit for the period	384,592	584,643	-34.22%
Other comprehensive income	-	-
Total comprehensive income	384,592	584,643	-34.22%
Earnings per share - basic & diluted	1.19	1.81	-34.25%