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% |
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Posted on: 2025-04-15T14:42:12+05:00
