April 21, 2025 (MLN): Ghandhara Automobiles Limited (PSX: GAL) posted a robust turnaround, recording a profit of Rs1.29 billion [EPS: Rs22.56] for the period ended March 31, 2025, against a loss of Rs163.33 million [LPS: Rs2.87] in the same period last year (SPLY).
The significant turnaround was primarily driven by a 126% YoY surge in revenue, which rose to Rs8.38bn.
Although the cost of sales also climbed 94.4% to Rs6.87bn, the stronger growth in sales led to a massive 779.5% jump in gross profit, reaching Rs1.51bn.
Consequently, gross margins witnessed a substantial improvement.
Other income also played a key role, increasing 162.2% to Rs556.62m.
On the flip side, administrative expenses inched up 6.4% YoY to Rs206.68m, while distribution costs rose 28.3% to Rs129.65m.
Other expenses saw a sharp rise to Rs90.75m from just Rs2.27m in the SPLY.
Notably, finance costs decreased by 49.2% to Rs132.91m, easing pressure on the bottom line and helping operating profits to soar to Rs1.64bn, up from Rs87.72m last year a jump of over 1,766%.
On the tax front, GAL recorded a net tax expense of Rs218.44m compared to a tax income of Rs56.3m in the SPLY, mainly due to current and deferred tax adjustments.
| Financial Results for the Period Ended March 31, 2025 | |||
| Description | Mar-25 | Mar-24 | %Change |
| Revenue – net | 8,378,228 | 3,706,807 | 126.02% |
| Cost of sales | (6,871,215) | (3,535,465) | 94.35% |
| Gross profit | 1,507,013 | 171,342 | 779.54% |
| Distribution cost | (129,651) | (101,048) | 28.31% |
| Administrative expenses | (206,679) | (194,188) | 6.43% |
| Other income | 556,616 | 212,272 | 162.22% |
| Other expenses | (90,754) | (2,267) | 3903.26% |
| Profit from operations | 1,637,231 | 87,724 | 1766.34% |
| Finance cost | (132,914) | (261,734) | -49.22% |
| Profit / (loss) before levies and income tax | 1,504,318 | (174,010) | -964.50% |
| Minimum tax differential | – | (45,623) | |
| Profit / (loss) before income tax | 1,504,318 | (219,633) | -784.92% |
| Income tax | |||
| – Current tax (for the year incl. super tax) | (215,091) | – | |
| – Current tax (for prior years) | 98,181 | – | |
| – Deferred tax (charge) / income | (101,533) | 56,300 | -280.34% |
| Taxation | (218,443) | 56,300 | -488.00% |
| Profit / (loss) for the period | 1,285,885 | (163,333) | -887.28% |
| Other comprehensive income | – | – | |
| Total comprehensive income / (loss) | 1,285,885 | (163,333) | -887.28% |
| Earnings / (loss) per share | |||
| – Basic and diluted (Rupees) | 22.56 | (2.87) | -886.06% |
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Posted on: 2025-04-21T11:10:00+05:00
