National Foods Limited posts 64% surge in nine-month profit

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MG News | April 23, 2025 at 04:45 PM GMT+05:00

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April 23, 2025 (MLN): National Foods Limited (PSX: NATF) recorded a significant increase of 63.84% YoY in its consolidated profit after tax, reaching Rs3.6 billion [EPS: Rs12.52] during the nine months ended March 31, 2025, compared to Rs2.2bn [EPS: Rs6.82] in the same period last year (SPLY).

The company declared an interim cash dividend of Rs2 per share, i.e., 40%.

According to the results, the company’s net sales climbed by 15.92% YoY to Rs74.27bn, up from Rs64.07bn in SPLY.

Despite a 14.19% YoY rise in the cost of sales to Rs52.95bn, the gross profit improved by 20.46% YoY to Rs21.32bn.

However, selling and distribution costs increased by 16.32% YoY, amounting to Rs11.11bn, while administrative expenses surged 28.56% YoY to Rs3.72bn.

On the other hand, impairment loss on trade debts dropped by 31.70% YoY.

The operating profit saw a healthy rise of 23.92% YoY, standing at Rs6.47bn, while other income witnessed a remarkable increase of 3125.87% YoY to Rs275.33m.

Other expenses also increased by 125.76% YoY to Rs276.99m. Finance costs rose by 9.82% YoY to Rs2bn.

Profit before income tax grew by 30.30% YoY to Rs4.3bn, with the company incurring a lower income tax expense of Rs698.62m, down 36.58% YoY.

This contributed to a total comprehensive income of Rs3.42bn, up 80.75% YoY.

Of this, profit attributable to the owners of the holding company was Rs2.92bn, reflecting an increase of 83.66% YoY, while profit attributable to non-controlling interest stood at Rs680.19m, up 12% YoY.

Condensed Interim Consolidated Statement of Profit or Loss and Other Comprehensive Income for the Period Nine Months Ended 31 Mar 2025 (Unaudited) (Rupees '000')
Particulars Mar-25 Mar-24 %Change
Sales - net 74,269,074 64,069,671 15.92%
Cost of sales (52,946,662) (46,369,077) 14.19%
Gross profit 21,322,412 17,700,594 20.46%
Selling and distribution costs (11,105,859) (9,547,649) 16.32%
Impairment loss on trade debts (25,819) (37,804) -31.70%
Administrative expenses (3,724,204) (2,896,876) 28.56%
Operating profit 6,466,530 5,218,163 23.92%
Other expenses (276,986) (122,689) 125.76%
Other income 275,328 8,535 3125.87%
Finance costs (2,008,473) (1,828,960) 9.82%
Profit before final taxes, minimum tax differential and income tax 4,456,399 3,325,349 34.01%
Final taxes (4,179) (27,461) -84.78%
Minimum tax (154,954) -  
Profit before income tax 4,297,266 3,297,888 30.30%
Income tax (698,615) (1,101,509) -36.58%
Profit for the period 3,598,651 2,196,379 63.84%
Other comprehensive income for the period (180,183) (305,073) -40.94%
Total comprehensive income for the period 3,418,468 1,891,306 80.75%
Profit attributable to: Owners of the Holding Company 2,918,460 1,589,040 83.66%
Profit attributable to: Non-controlling interest 680,191 607,339 12.00%
Total comprehensive income attributable to: Owners of the Holding Company 2,833,621 1,324,073 114.01%
Total comprehensive income attributable to: Non-controlling interest 584,847 567,233 3.11%
Earnings per share (basic and diluted) 12.52 6.82 83.58%

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