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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Posted on: 2025-04-25T15:45:34+05:00
