Fatima Fertilizer posts stable profit in March quarter

MG News | April 25, 2025 at 03:45 PM GMT+05:00

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April 25, 2025 (MLN): Fatima Fertilizer Company Limited (PSX: FATIMA) has reported a slight dip of 0.23% in net profit to Rs8.37 billion [EPS: Rs3.99] for the quarter ended March 31, 2025, compared to Rs8.39bn [EPS: Rs4.00] in the same period last year (SPLY).

The company’s sales declined by 21.32% to Rs51.96bn from Rs66.04bn recorded in SPLY.

Meanwhile, the cost of sales also decreased by 19.71% to Rs30.99bn, leading to a 23.58% drop in gross profit to Rs20.97bn.

On the expense side, selling and distribution expenses rose by 18.69% to Rs4.05bn, while administrative expenses slightly fell by 3.34% to Rs2.55bn.

Operating profit consequently dropped by 32.82% to Rs14.37bn. The company’s finance cost surged by 131.37% to Rs1.90bn, exerting additional pressure on earnings.

However, other operating expenses sharply declined by 81.88% to Rs1.07bn, providing some relief.

The profit before other income fell by 22.23% to Rs11.4bn.

Other income witnessed a minor decrease of 3.78% to Rs2.22bn, while the company reported no other losses during the quarter compared to a loss of Rs659.91 million last year.

As a result, profit before taxation dropped by 16.47% to Rs13.62bn. Despite a significant 33.72% decline in taxation expenses to Rs5.24bn, the overall profit for the period recorded a slight dip of 0.23%.

Consolidated Statement of Profit and Loss For The Three Month Ended March 31, 2025 (Rupees in '000)
Description	Mar-25	Mar-24	%Change
Sales	51,959,792	66,039,314	-21.32%
Cost of Sales	(30,992,248)	(38,600,839)	-19.71%
Gross Profit	20,967,544	27,438,475	-23.58%
Selling and Distribution Expenses	(4,045,905)	(3,408,675)	18.69%
Administrative Expenses	(2,548,710)	-2,636,737	-3.34%
Total Expenses	(6,594,615)	(6,045,412)	9.08%
Operating Profit	14,372,929	21,393,063	-32.82%
Finance Cost	(1,901,416)	(821,813)	131.37%
Other Operating Expenses	(1,071,368)	(5,912,424)	-81.88%
Profit Before Other Income	11,400,145	14,658,826	-22.23%
Other Income	2,217,309	2,304,496	-3.78%
Other Losses	-	(659,909)
Profit Before Taxation	13,617,454	16,303,413	-16.47%
Taxation	(5,242,867)	(7,909,816)	-33.72%
Profit for the Period	8,374,587	8,393,597	-0.23%
Earnings Per Share (Basic and Diluted - Rs.)	3.99	4	-0.25%

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