Pak Elektron reports 79% surge in profit to over Rs2bn in 2025
MG News | March 25, 2025 at 02:17 PM GMT+05:00
March 25, 2025 (MLN): Pak Elektron Limited (PSX: PAEL) has reported a net profit of Rs2.37 billion for the year ended December 31, 2024, marking a significant 78.64% increase from Rs1.33bn in 2024.
The company’s basic earnings per share (EPS) rose to Rs2.72, compared to Rs1.50 in the previous year.
Revenue from contracts with customers surged by 44.05% to Rs69.61bn in 2025, compared to Rs48.32bn in 2024.
After accounting for sales tax, excise duty, and discounts amounting to Rs16.50bn, net revenue stood at Rs53.11bn, reflecting a 37.3% increase.
Meanwhile, the cost of sales jumped 41.29% to Rs38.97bn, resulting in a gross profit of Rs14.14bn, up 27.37% from the previous year.
Despite the rise in selling and distribution expenses by 68.86% to Rs3.11bn and administrative expenses by 24.92% to Rs2.59bn, PAEL’s operating profit increased by 12.86% to Rs8.12bn.
However, other income declined by 25.34% to Rs77.56 million, while impairment allowance for expected credit losses spiked 258.08% to Rs303.52m.
Finance costs remained relatively stable, increasing by just 0.86% to Rs3.68bn.
The company’s share of profit from associates recorded a minor loss of Rs4.15m, compared to a profit of Rs183,000 in the previous year.
Profit before income taxes surged 71.22% to Rs4.13bn, supported by a sharp 72.98% decline in statutory levies to Rs307m.
After accounting for income tax provisions of Rs1.77bn, the company’s bottom line stood at Rs2.37bn.
| Statement of profit and loss for the year ended 31 December 2024 (Rupees in '000) | 2024 | 2023 | %Change |
| Revenue from contract with customers | 69,608,716 | 48,324,005 | 44.05% |
| Sales tax, excise duty and discounts | (16,495,810) | (9,638,893) | 71.14% |
| Net revenue | 53,112,906 | 38,685,112 | 37.30% |
| Cost of sales | (38,970,306) | (27,581,482) | 41.29% |
| Gross profit | 14,142,600 | 11,103,630 | 27.37% |
| Other income | 77,561 | 103,888 | -25.34% |
| Selling and distribution expenses | (3,111,933) | (1,842,938) | 68.86% |
| Administrative expenses | (2,591,867) | (2,074,792) | 24.92% |
| Other expenses | (89,223) | (6,779) | 1216.17% |
| Impairment allowance for expected credit losses | (303,522) | (84,764) | 258.08% |
| Operating profit | 8,123,616 | 7,198,245 | 12.86% |
| Finance cost | (3,680,096) | (3,648,653) | 0.86% |
| Share of profit of associate | (4,145) | 183 | |
| Profit before statutory levies and income taxes | 4,439,375 | 3,549,775 | 25.06% |
| Provision for statutory levies | (307,009) | (1,136,260) | -72.98% |
| Profit before income taxes | 4,132,366 | 2,413,515 | 71.22% |
| Provision for income taxes | (1,765,292) | (1,088,426) | 62.19% |
| Profit after income taxes | 2,367,074 | 1,325,089 | 78.64% |
| Basic earnings per share | 2.72 | 1.5 |
Copyright Mettis Link News
Related News
| Name | Price/Vol | %Chg/NChg |
|---|---|---|
| KSE100 | 138,412.25 167.69M | 0.32% 447.43 |
| ALLSHR | 85,702.96 423.92M | 0.15% 131.52 |
| KSE30 | 42,254.84 82.09M | 0.43% 180.24 |
| KMI30 | 194,109.59 84.37M | 0.15% 281.36 |
| KMIALLSHR | 56,713.67 217.03M | 0.03% 16.37 |
| BKTi | 37,831.34 13.04M | 1.62% 603.62 |
| OGTi | 27,440.63 3.93M | -0.09% -23.70 |
| Symbol | Bid/Ask | High/Low |
|---|
| Name | Last | High/Low | Chg/%Chg |
|---|---|---|---|
| BITCOIN FUTURES | 118,640.00 | 119,440.00 118,225.00 | 345.00 0.29% |
| BRENT CRUDE | 72.79 | 73.17 71.75 | 0.28 0.39% |
| RICHARDS BAY COAL MONTHLY | 96.50 | 0.00 0.00 | 2.20 2.33% |
| ROTTERDAM COAL MONTHLY | 104.50 | 104.50 104.50 | -0.30 -0.29% |
| USD RBD PALM OLEIN | 998.50 | 998.50 998.50 | 0.00 0.00% |
| CRUDE OIL - WTI | 69.51 | 69.79 68.45 | 0.30 0.43% |
| SUGAR #11 WORLD | 16.38 | 16.58 16.37 | -0.21 -1.27% |
Chart of the Day
Latest News
Top 5 things to watch in this week
Pakistan Stock Movers
| Name | Last | Chg/%Chg |
|---|
| Name | Last | Chg/%Chg |
|---|