Kot Addu Power's profit declines by 35% for nine-month period

MG News | April 25, 2025 at 05:16 PM GMT+05:00

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April 25, 2025 (MLN): Kot Addu Power Company Limited (PSX: KAPCO) reported a 34.99% YoY decline in its profit after tax, which stood at Rs9.07 billion for the nine months ended March 31, 2025, compared to Rs13.95bn in the same period last year.

The earnings per share (EPS) settled at Rs2.73, compared to Rs4.07 in the same period last year.

The decline in profitability was largely driven by a 37.4% drop in revenue, which fell to Rs36.21bn, down from Rs57.85bn a year ago, reflecting lower dispatches and subdued demand.

Cost of sales dropped in tandem by 38.2% to Rs28.67bn, but the contraction in revenue still led to a 34% decline in gross profit, which clocked in at Rs7.54bn.

Meanwhile, other income a significant contributor to the company’s bottom line was halved, declining 52% to Rs5.68bn, further dragging down operating profit, which stood at Rs9.64bn, down 47.9% from last year.

On a positive note, finance cost declined sharply by 92% to just Rs243 million, providing some relief to earnings.

KAPCO posted a profit before tax of Rs9.4bn, down 33% from Rs13.96bn last year.

Financial Results for the nine months ended March 31, 2025 (Rs '000)
	Mar-25	Mar-24	%change
Revenue from Contract with Customers	36,214,231	57,853,126	-37.4%
Cost of Sales	(28,673,020)	(46,412,567)	-38.22%
Gross Profit	7,541,211	11,440,559	-34.08%
Plant Maintenance and Preservation Costs	(2,791,577)	(3,867,888)	-27.83%
Administrative Expenses	(509,155)	(447,233)	13.85%
Other Operating Expenses	(284,922)	(392,009)	-27.32%
Other Income	5,684,474	11,764,819	-51.68%
Operating Profit	9,639,031	18,498,248	-47.89%
Finance Cost	(242,824)	(3,060,825)	-92.07%
Profit Before Levy and Income Tax	9,396,207	15,437,423	-39.13%
Levy - Final Tax	(897)	(1,478,386)	-99.94%
Profit Before Income Tax	9,395,310	13,959,037	-32.6%
Income Tax	(328,309)	(13,092)	2407.7%
Profit for the Period	9,066,901	13,945,945	-34.9%
Earnings Per Share (Basic & Diluted)	2.73	4.07	-32.9%

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