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

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 .

Amount in thousand except for EPS

Copyright Mettis Link News