Thatta Cement’s profit doubles in nine months ending March 2025

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.

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