April 30, 2025 (MLN): The Organic Meat Company Limited (PSX: TOMCL) reported a 34.65% YoY increase in its profit for the nine months ended March 31, 2025, with after-tax profits reaching Rs459.76 million [EPS: Rs2.58] compared to Rs341.45m [EPS: Rs1.91] in the same period last year (SPLY).
Net sales surged by 32.05% YoY to Rs11.32 billion, up from Rs8.58bn in SPLY, driven by higher sales volume.
The cost of sales increased by 31.85% YoY to Rs10.21bn, leading to a slight decline of 1.53% in gross profit, which stood at Rs1.12bn.
Administrative expenses rose by 105.48% YoY to Rs218.31m, while selling expenses decreased by 37.56% YoY to Rs267.93m.
The allowance for doubtful debts saw a significant increase of 643.08% YoY to Rs79.98m.
Operating profit declined slightly by 6.38% YoY to Rs548.99m, while finance costs dropped by 24.00% YoY to Rs133.69m.
A major boost came from other income, which surged to Rs169.76m compared to Rs12.52m in SPLY.
Profit before taxation and levy increased by 38.31% YoY to Rs585.06m, while the levy expense stood at Rs137.64m, marking a 68.74% YoY increase.
Taxation for the period was recorded at Rs12.33m.
| Financial Result For The Nine Month Ended March 31, 2025 (Rupees in '000) | |||
| Note | Mar-25 | Mar-24 | %Change |
| Sales – net | 11,323,855 | 8,575,296 | 32.05% |
| Cost of sales | (10,208,647) | (7,742,755) | 31.85% |
| Gross profit | 1,115,208 | 1,132,540 | -1.53% |
| Administrative expenses | (218,305) | (106,244) | 105.48% |
| Selling expenses | (267,928) | (429,121) | -37.56% |
| Allowance for doubtful debts | (79,978) | (10,763) | 643.08% |
| Operating profit | 548,996 | 586,412 | -6.38% |
| Finance costs | (133,692) | (175,913) | -24.00% |
| Reversal of financial liabilities | – | ||
| Other income / (expense) – net | 169,759 | 12,521 | 1255.79% |
| Profit before taxation and levy | 585,063 | 423,019 | 38.31% |
| Levy | (137,638) | (81,569) | 68.74% |
| Profit before taxation | 447,425 | 341,451 | 31.04% |
| Taxation | 12,333 | – | |
| Profit for the period | 459,758 | 341,451 | 34.65% |
| Earnings per share – basic and diluted (restated) | 2.58 | 1.91 | 35.08% |
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Posted on: 2025-04-30T11:36:31+05:00
