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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Posted on: 2025-04-28T15:56:15+05:00
