Loads Limited posts turnaround with Rs64m profit in 9MFY25

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

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%

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