Ghandhara rides the high road to profitability

MG News | April 21, 2025 at 09:53 AM GMT+05:00

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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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