TPL Trakker Q4 profit falls 20% to Rs29.4m

MG News | September 24, 2024 at 03:24 PM GMT+05:00

0:00

September 24, 2024 (MLN): TPL Trakker Limited (PSX: TPLT) posted a profit after tax of Rs29.44 million [EPS: Rs0.16] for the quarter ending June 2024, down 20.2% from the same period last year despite a surge in gross profit.

Going by the results, the company's revenue increased 5.7% to Rs636.67m as compared to Rs602.58m in SPLY.

Moreover, the cost of sales fell by 12.9%, improving the gross profit by 32.8% to Rs324.44m in Q4 FY24.

The gross margins rose to 51.0% as compared to 40.5% in SPLY.

During the period under review, other income dipped 34.5% to stand at Rs60.09m in Q4 FY24 as compared to Rs91.77m in SPLY.

On the expense side, the company's administrative expenses jumped significantly by 72.1% from last year to Rs118.06m, selling and distribution expenses rose 17.9% to Rs30.7m, and other operating expenses increased 41.7% to Rs90.04m.

The company’s finance cost inched down by 0.3% and stood at Rs125.24m as compared to Rs125.65m in SPLY.

On the tax front, the company received a tax credit worth Rs8.95m against tax expense of Rs15.4m paid in the corresponding period of last year, depicting an increase of .

Unconsolidated (un-audited) Financial Results for quarter ended June 30, 2024 (Rupees in '000)
	Jun 24	Jun 23	% Change
Sales	636,666	602,581	5.66%
Cost of sales	(312,223)	(358,258)	-12.85%
Gross Profit/ (loss)	324,443	244,323	32.79%
Administrative Expenses	(118,059)	(68,597)	72.11%
Selling And Distribution Expenses	(30,701)	(26,046)	17.87%
Other Income	60,086	91,770	-34.52%
Other Operating Expenses	(90,043)	(63,529)	41.74%
Finance Cost	(125,241)	(125,646)	-0.32%
Profit/ (loss) before taxation	20,485	52,276	-60.81%
Taxation	8,952	(15,398)	-
Net profit/ (loss) for the period	29,438	36,877	-20.17%
Basic earnings/ (loss) per share	0.16	0.20	-

Amount in thousand except for EPS

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	148,617.78 624.60M	0.86% 1274.27
ALLSHR	91,685.08 1,340.28M	0.74% 669.39
KSE30	45,247.79 197.43M	0.83% 370.74
KMI30	212,370.79 224.51M	1.05% 2209.48
KMIALLSHR	61,227.89 711.87M	1.18% 715.56
BKTi	41,264.02 160.39M	0.54% 221.73
OGTi	30,019.10 23.63M	0.64% 190.41

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	108,265.00	113,390.00 108,020.00	-4475.00 -3.97%
BRENT CRUDE	67.46	67.94 67.29	-0.52 -0.76%
RICHARDS BAY COAL MONTHLY	88.70	88.70 88.70	-0.75 -0.84%
ROTTERDAM COAL MONTHLY	96.15	96.75 96.00	-0.40 -0.41%
USD RBD PALM OLEIN	1,106.50	1,106.50 1,106.50	0.00 0.00%
CRUDE OIL - WTI	64.01	64.55 63.88	-0.59 -0.91%
SUGAR #11 WORLD	16.34	16.52 16.33	-0.14 -0.85%