Sazgar Engineering reports strong growth with around Rs13bn profit

MG News | April 21, 2025 at 10:30 AM GMT+05:00

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April 21, 2025 (MLN): Sazgar Engineering Works Limited (PSX: SAZEW) posted a stellar net profit of Rs12.85 billion [EPS: Rs212.67] for the nine-month period ended March 31, 2025, reflecting a remarkable 189% surge from Rs4.45bn [EPS: Rs73.59] recorded in the same period last year (SPLY).

The company has declared an interim cash dividend of Rs12 per share, representing 120%, in addition to the interim dividends already paid at Rs20 per share, or 200%.

The company’s revenue surged by 135.5% to Rs81.43bn, compared to Rs34.58bn in SPLY, driven by strong sales performance.

Gross profit rose an impressive 183.9% to Rs24.78bn, while gross margins improved to 30.4% versus 25.2% last year.

Operating profit soared 185.3% to Rs21.78bn, despite a sharp rise in total operating expenses, which grew 133.1% to Rs3.02bn.

Distribution and marketing costs jumped 149.4% to Rs2.57bn, and administrative expenses increased 69.3% to Rs447.4m.

Other operating income rose 87.9% to Rs1.04bn, while other operating expenses surged 204.8% to Rs1.66bn.

Finance cost nearly doubled to Rs201.36m, up 99.2% from Rs101.07m in SPLY, likely due to elevated borrowing costs.

The company paid higher taxes of Rs8.19bn during the period, compared to Rs2.89bn last year, reflecting a 183.3% rise.

Condensed Interim Statement of Profit or Loss for the Period Ended March 31, 2025
Category	Mar-25	Mar-24	%Change
Sales - net	81,432,810,035	34,584,722,793	135.46%
Cost of sales	(56,653,628,416)	(25,855,856,179)	119.11%
Gross profit	24,779,181,619	8,728,866,614	183.88%
Distribution & marketing costs	(2,572,557,572)	(1,031,483,590)	149.40%
Administrative expenses	(447,396,452)	(264,347,094)	69.25%
Total Operating Expenses	(3,019,954,024)	(1,295,830,684)	133.05%
Operating Profit	21,777,227,595	7,633,035,686	185.30%
Other operating expenses	(1,568,906,086)	(544,224,853)	204.82%
Other operating income	1,035,906,057	351,187,464	87.94%
Finance cost	(201,362,663)	(101,072,867)	99.23%
Total Other Items	(735,172,692)	(294,110,266)	149.96%
Profit before Levy & Taxation	21,042,054,903	7,338,925,400	186.72%
Levy / final taxation	(1,242,519)	(494,830)	151.10%
Profit before Taxation	21,040,812,284	7,338,430,590	186.72%
Taxation	(8,185,943,035)	(2,890,011,556)	183.25%
Net Profit for the period	12,854,869,349	4,448,419,014	188.98%
Earnings per share - basic and diluted	212.67	73.59	188.99%

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