Ghandhara rides the high road to profitability
MG News | April 21, 2025 at 09:53 AM GMT+05:00
April 21, 2025 (MLN): Ghandhara Industries Limited (PSX: GHNI) has reported a stellar financial performance for the quarter ended March 31, 2025, with its profit after taxation soaring by 303.1% YoY to Rs1.64 billion, compared to Rs405.72 million in the same period last year.
The company’s earnings per share (EPS) rose impressively to Rs38.38 from Rs9.52.
This exceptional growth came on the back of a 114.72% surge in net sales, which clocked in at Rs10.31bn versus Rs4.8bn in the previous year’s quarter.
A corresponding increase in cost of sales by 94.88% was observed; however, gross profit still saw a remarkable increase of 200.11%, reaching Rs2.72bn.
Distribution and administrative expenses rose by 50.59% and 72.45% respectively, while other expenses skyrocketed by 381.48% YoY.
Other income posted a modest gain of 1.83%, contributing Rs79.24m.
Operating profit stood at Rs2.15bn, reflecting a 234.93% rise, while the finance cost sharply declined by 93.81% to Rs8.35m.
As a result, profit before taxation registered a significant jump of 360.73% to Rs2.14bn.
Taxation expenses rose significantly to Rs508.22m compared to Rs59.56m last year, representing a 753.26% increase.
| Financial Reuslt for the Quarter Ended March 31, 2025 (Rupees in ‘000) | |||
| Mar-25 | Mar-24 | %Change | |
| Sales - net | 10,309,506 | 4,801,340 | 114.72% |
| Cost of sales | (7,592,079) | (3,895,868) | 94.88% |
| Gross profit | 2,717,427 | 905,472 | 200.11% |
| Distribution expenses | (335,653) | (222,896) | 50.59% |
| Administrative expenses | (144,250) | (83,649) | 72.45% |
| Other expenses | (164,705) | (34,208) | 381.48% |
| Other income | 79,243 | 77,818 | 1.83% |
| Profit from operations | 2,152,062 | 642,537 | 234.93% |
| Finance cost | (8,353) | (134,857) | -93.81% |
| Profit before income taxation, revenue and final taxes | 2,143,709 | 507,680 | 322.26% |
| Final taxes | - | (709) | |
| Minimum tax differential | - | (41,685) | |
| Profit before income taxation | 2,143,709 | 465,286 | 360.73% |
| Taxation | (508,217) | (59,562) | 753.26% |
| Profit after taxation | 1,635,492 | 405,724 | 303.10% |
| Other comprehensive income | |||
| Re-measurement of staff retirement benefit obligation | - | - | |
| Impact of deferred tax | - | - | |
| Other comprehensive income for the period - net of tax | - | - | |
| Total comprehensive income | 1,635,492 | 405,724 | 303.10% |
| Earnings per share - basic and diluted (Rupees) | 38.38 | 9.52 | 303.15% |
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