April 28, 2025 (MLN): Thatta Cement Company Limited (PSX: THCCL) recorded a substantial increase of 98.97% in its profit for the nine months period ending March 31, 2025, with an after-tax profit of Rs1.46 billion [EPS: Rs17.95], compared to Rs734.5 million [EPS: Rs9.35] in the same period last year.
The company’s revenue, in the form of net sales, rose by 15.19% to Rs6.3bn, up from Rs5.47bn in the corresponding period of 2024.
This growth was supported by a 29.60% increase in gross profit, which amounted to Rs1.9bn for the period under review.
Cost of sales saw a moderate rise of 9.90%, standing at Rs4.39bn, while selling and distribution expenses declined by 10.99%, totaling Rs38.44m.
Administrative expenses also decreased by 9.21%, amounting to Rs113.99m.
On the income side, other income surged by 117.28%, reaching Rs791.81m, up from Rs364.42m in the same period last year. Operating profit saw a notable increase of 53.94%, totaling Rs2.36bn.
Finance costs were reduced by 8.43%, amounting to Rs167.89m compared to Rs183.36m last year. The company's profit before taxation also experienced a significant increase of 62.40%, reaching Rs2.2bn.
On the taxation front, the company recorded a marginal decrease of 6.64% in current taxes to Rs552.38m, while prior tax adjustments stood at Rs63.38m. Deferred tax expense surged by a remarkable 1662.18%, totaling Rs246.18m.
The profit for the period was attributed mainly to equity holders of the holding company, which saw an increase of 91.96%, standing at Rs1.52bn, compared to Rs792.26m last year. Non-controlling interests accounted for a loss of Rs59.44m.
Earnings per share (EPS) for the period came in at Rs17.95, reflecting a 91.98% increase from Rs9.35 recorded in the same period last year.
| Consolidated Statement of Profit and Loss For The Nine Month Ended March 31, 2025 (Rupees '000) | |||
| Description | Mar-25 | Mar-24 | %Change |
| Sales – gross | 8,971,030 | 7,276,787 | 23.28% |
| Sales tax and federal excise duty | (3,076,383) | (1,808,260) | 70.13% |
| Sales – net | 6,299,193 | 5,468,527 | 15.19% |
| Cost of sales | (4,395,044) | (3,999,280) | 9.90% |
| Gross profit | 1,904,149 | 1,469,247 | 29.60% |
| Selling and distribution cost | (38,441) | (43,185) | -10.99% |
| Administrative expenses | (113,993) | (125,552) | -9.21% |
| 1,751,715 | 1,300,510 | 34.69% | |
| Other operating expenses | 179,063) | (110,146) | 62.57% |
| Expected credit loss allowance | (18,821) | – | |
| Other income | 791,811 | 364,417 | 117.28% |
| Operating profit | 2,364,463 | 1,535,960 | 53.94% |
| Finance cost | (167,895) | (183,361) | -8.43% |
| Profit before taxation | 2,196,568 | 1,352,599 | 62.40% |
| Taxation | |||
| – Current | (552,376) | (591,687) | -6.64% |
| – Prior | 63,382 | (12,438) | |
| – Deferred | (246,177) | (13,970) | 1662.18% |
| (735,171) | (618,101) | 18.94% | |
| Profit for the quarter | 1,461,397 | 734,498 | 98.97% |
| Profit / (loss) for the period attributable to: | |||
| Equity holders of the Holding Company | 1,520,842 | 792,256 | 91.96% |
| Non-controlling interests | (59,445) | (57,758) | 2.92% |
| Profit for the period | 1,461,397 | 734,498 | 98.97% |
| Earnings per share – basic and diluted (Rupee) | 17.95 | 9.35 | 91.98% |
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Posted on: 2025-04-28T11:31:39+05:00
