April 24, 2025 (MLN): Gul Ahmed Textile Mills Limited (PSX: GATM) has reported a net profit of Rs2.33 billion for the nine months ended March 31, 2025, reflecting a slight increase of 2.26% compared to Rs2.28bn recorded in the same period last year.
The company’s earnings per share (EPS) stood at Rs3.14, up from Rs3.07 in the corresponding period of 2024.
Net sales grew by 9.81% year-over-year, reaching Rs139.84bn, up from Rs127.35bn in the previous year.
Despite this, the cost of sales increased by 10.23%, reaching Rs117.83bn, which resulted in a moderate 7.59% growth in gross profit, which amounted to Rs22bn.
Operating expenses also saw a rise, with selling and distribution costs up by 13.93% and administrative costs increasing by 4.46%. Other operating costs increased by 20.83%, which together led to a 10.38% rise in total expenses.
Despite a 17.43% rise in other income, the company’s operating profit grew by a modest 3.47%, reaching Rs8.55bn. Finance costs saw an increase of 10.56%, rising to Rs6.22bn, putting some pressure on profitability.
As a result, profit before income tax declined by 4.27% to Rs2.38bn. However, a sharp reduction in income tax expenses by 74.64%, down to Rs53.47m, helped cushion the decline, contributing to the overall growth in net profit.
| Consolidated Profit and Loss For the Nine Month Ended March 31,2024 (Rupees in '000) | |||
| 31 March 2025 (Rupees in '000) | Mar-25 | Mar-24 | %Change |
| Sales – net | 139,836,792 | 127,346,431 | 9.81% |
| Cost of sales | (117,836,212) | (106,897,520) | 10.23% |
| Gross profit | 22,000,580 | 20,448,911 | 7.59% |
| Selling and distribution cost | (8,044,934) | (7,061,360) | 13.93% |
| Administrative cost | (5,013,622) | (4,799,743) | 4.46% |
| Other operating cost | (388,980) | (321,932) | 20.83% |
| Total Expenses | (13,447,536) | (12,183,035) | 10.38% |
| Operating Profit | 8,553,044 | 8,265,876 | 3.47% |
| Other income | 1,361,670 | 1,159,576 | 17.43% |
| Profit before finance cost | 9,914,714 | 9,425,452 | 5.19% |
| Finance cost | (6,224,508) | (5,630,198) | 10.56% |
| Profit before levies and income tax | 3,690,206 | 3,795,254 | -2.77% |
| Levies | (1,310,329) | (1,309,353) | 0.07% |
| Profit before income tax | 2,379,877 | 2,485,901 | -4.27% |
| Income tax | (53,473) | (210,888) | -74.64% |
| Profit after taxation | 2,326,404 | 2,275,013 | 2.26% |
| Earnings per share (basic and diluted) | 3.14 | 3.07 | 2.28% |
Copyright Mettis Link News
Posted on: 2025-04-24T15:45:12+05:00
