Loads Limited posts turnaround with Rs64m profit in 9MFY25

MG News | April 28, 2025 at 03:56 PM GMT+05:00

0:00

April 28, 2025 (MLN): Loads Limited (PSX: LOADS) posted a turnaround in its financial performance for the nine months ended March 31, 2025, recording a net profit of Rs64.29 million [EPS: Rs0.83], compared to a loss of Rs192.65m in the same period last year.

The company's revenue from contracts with customers rose by 43.35% to Rs4.35 billion, up from Rs3.03bn in the corresponding period of 2024.

Gross profit saw a remarkable increase of 129.70%, amounting to Rs945.71m for the period under review, supported by a relatively moderate rise of 29.78% in the cost of revenue, which stood at Rs3.4bn.

Administrative, selling, and general expenses surged by 67.20% to Rs267.03m, while there was no expected credit loss recorded during the period, compared to a charge of Rs750m last year.

On the income side, other income sharply declined by 94.97%, totaling Rs54.7m compared to Rs1.09bn in SPLY. Despite this, operating profit increased by 26.70% to Rs695.64m.

Financial charges decreased by 23.19%, standing at Rs356.38m compared to Rs464m last year.

As a result, the company’s profit before income taxes surged by an impressive 298.98% to Rs339.26m.

On the taxation front, income taxes remained almost flat, recording a slight decrease of 0.97% to Rs274.97m.

Profit attributable to owners of the parent company rose by 38.86% to Rs208.29m, whereas the loss attributable to non-controlling interest narrowed by 57.86% to Rs144m.

The company reported basic and diluted earnings per share (EPS) of Rs0.83, reflecting a 40.68% increase from Rs0.59 recorded in the same period last year.

Consolidated Statement of Profit and Loss For The Nine Month Ended March 31, 2025 (Rupees '000)
Description	Mar-25	Mar-24	%Change
Revenue from Contracts with Customers - Net	4,346,308	3,031,921	43.35%
Cost of Revenue	(3,400,595)	(2,620,200)	29.78%
Gross Profit	945,714	411,722	129.70%
Administrative, Selling & General Expenses	(267,034)	(159,710)	67.20%
Expected Credit Loss (ECL)		(750,000)
Operating Profit	678,679	497,698	36.36%
Other Expenses	(37,743)	(41,031)	-8.01%
Other Income	54,702	1,088,052	-94.97%
Net Other Income/Expenses	16,960	1,047,020	-98.38%
Operating Profit	695,639	549,033	26.70%
Financial Charges	(356,379)	(464,001)	-23.19%
Profit Before Income Taxes	339,260	85,032	298.98%
Income Taxes	(274,972)	(277,678)	-0.97%
Profit / (Loss) for the Period	64,288	(192,646)
Attributable to Owners of Parent Company	208,290	149,998	38.86%
Attributable to Non-Controlling Interest	(144,002)	(341,745)	-57.86%
Basic & Diluted Earnings Per Share	0.83	0.59	40.68%

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	161,631.73 408.94M	3.13% 4898.86
ALLSHR	98,254.73 951.34M	2.71% 2590.07
KSE30	49,377.29 213.50M	3.40% 1624.91
KMI30	232,700.28 121.13M	2.88% 6525.03
KMIALLSHR	64,179.60 399.93M	2.39% 1496.52
BKTi	46,334.17 105.09M	5.56% 2441.42
OGTi	31,362.73 10.58M	1.56% 482.31

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	110,120.00	111,145.00 107,835.00	3165.00 2.96%
BRENT CRUDE	64.83	65.15 63.81	0.46 0.71%
RICHARDS BAY COAL MONTHLY	80.50	0.00 0.00	-1.50 -1.83%
ROTTERDAM COAL MONTHLY	92.90	92.90 92.90	-0.25 -0.27%
USD RBD PALM OLEIN	1,082.50	1,082.50 1,082.50	0.00 0.00%
CRUDE OIL - WTI	61.08	61.38 59.99	0.51 0.84%
SUGAR #11 WORLD	14.36	14.41 14.20	0.08 0.56%