NICL profit soars 72% YoY

MG News | April 25, 2025 at 09:46 AM GMT+05:00

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April 25, 2025 (MLN): Nimir Industrial Chemicals Limited (PSX: NICL) reported a 72% jump in net profit, reaching Rs1.34 billion for the nine months ended March 2025, compared to Rs780 million in the same period last year.

Accordingly, the company’s earnings per share (EPS) also climbed impressively to Rs12.14, up from Rs7.06 which reflect the stronger profitability and cost management.

Backed by improved operational efficiency and reduced finance costs, the company has also announced a cash dividend of Rs1.5 per share (i.e., 15%) for its shareholders.

The company’s revenue remained nearly flat at Rs32.58bn, showing a marginal decline of 0.98%, as sales tax and trade discounts slightly trimmed gross inflows.

Despite higher distribution and administrative expenses, NICL’s gross profit rose by 5.5%, crossing the Rs5bn mark.

A major contributor to bottom-line growth was the 33.9% reduction in finance costs, which dropped to Rs1.89bn from Rs2.86bn a year earlier.

However, other income dropped by 31%, and taxation more than doubled, showing a 139% jump in line with rising pre-tax earnings.

Condensed Interim Statement of Profit/Loss for nine months ended on March 31, 2025 (Rs in '000)
	Mar-25	Mar-24	% Change
Revenue from contracts with customers - net	32,582,893	32,906,401	-0.98%
Cost of sales	(27,490,424)	(28,080,630)	2.10%
Gross profit	5,092,469	4,825,771	5.53%
Distribution costs	(450,643)	(402,681)	-11.91%
Administrative expenses	(502,467)	(427,026)	-17.67%
Operating profit	4,139,359	3,996,064	3.59%
Other expenses	(224,712)	(108,302)	-107.49%
Other income	141,770	206,244	-31.26%
Finance costs	(1,894,482)	(2,865,771)	33.89%
Profit before income tax and levy	2,161,935	1,228,235	76.02%
Levy	(39,330)	(121,113)	67.53%
Profit before income tax	2,122,605	1,107,222	91.71%
Taxation	(779,730)	(326,754)	-138.63%
Profit for the period	1,342,875	780,368	72.08%
Earnings per share (Rs.)	12.14	7.06	71.95%

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