April 24, 2025 (MLN): Pakistan Cables Limited (PCAL) has posted a net loss of Rs260.99 million [LPS: Rs4.79] for the nine-month period ended March 31, 2025, compared to a net profit of Rs254.7m [EPS: Rs4.68] recorded in the same period last year (SPLY).
The company’s revenue from contracts with customers grew by 13.74% year-on-year (YoY) to Rs22.24 billion, up from Rs19.56bn in SPLY.
However, the benefit of higher sales was offset by a 16.93% increase in cost of sales, which rose to Rs19.91bn, squeezing gross profit by 7.68% to Rs2.34bn.
Operating expenses remained under pressure, with marketing, selling, and distribution expenses rising by 11.53% to Rs797.61m, and administrative expenses increasing by 10.31% to Rs281.85m.
A reversal in impairment on trade debts amounting to Rs14.1m provided minor relief, compared to a loss of Rs25.05m in the same period last year.
Finance costs surged 43.87% to Rs1.81bn, reflecting the impact of elevated borrowing costs. Other expenses, however, fell by 57.6% to Rs17.7m.
Meanwhile, other income more than doubled, jumping 157.1% to Rs210.73m, and share of profit from an associate contributed Rs44.5mn.
Despite some positive developments, the company swung to a pre-tax loss of Rs321.54m from a pre-tax profit of Rs302.52m last year.
After accounting for a tax credit of Rs60.56m, the overall loss after tax stood at Rs260.99m.
| STATEMENT OF PROFIT OR LOSS (UNAUDITED) FOR THE NINE MONTHS ENDED MARCH 31, 2025 (Rupees '000) | |||
| Description | Mar-25 | Mar-24 | %Change |
| Revenue from contracts with customers | 22,244,659 | 19,556,911 | 13.74% |
| Cost of sales | (19,909,571) | (17,027,543) | 16.93% |
| Gross profit | 2,335,088 | 2,529,368 | -7.68% |
| Marketing, selling, and distribution expenses | (797,614) | (715,146) | 11.53% |
| Administrative expenses | (281,847) | (255,495) | 10.31% |
| Impairment reversal / (loss) on trade debts | 14,096 | (25,048) | |
| Total expenses | (1,065,365) | (995,689) | 7.00% |
| Finance cost | (1,811,398) | (1,259,016) | 43.87% |
| Other expenses | (17,699) | (41,747) | -57.60% |
| Total finance and other expenses | (1,829,097) | (1,300,763) | 40.62% |
| Other income | 210,730 | 81,965 | 157.10% |
| Share of profit from associate | 44,499 | – | |
| (Loss) / profit before levies and income tax | (304,145) | 314,881 | |
| Levies – final tax | (17,396) | (12,363) | 40.71% |
| (Loss) / profit before income tax | (321,541) | 302,518 | |
| Income tax credit / (expense) | 60,555 | (47,821) | |
| (Loss) / profit after tax for the period | (260,986) | 254,697 | |
| (Loss) / earnings per share – basic and diluted | (4.79) | 4.68 | |
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Posted on: 2025-04-24T14:09:25+05:00
