Islamabad, Oct 28: Fauji Fertilizer Company Reports 92% Profit Surge to Rs. 42.5 Billion in 9 Months. In its financial statements for the nine months ending September 30, 2024, Fauji Fertilizer Company Limited (PSX: FFC) reported an unconsolidated profit after tax (PAT) of Rs. 42.5 billion, up 92% from Rs. 22.2 billion during the same period the previous year.
The company reported a PAT of Rs. 16.48 billion in Q1 FY25, which was 80% more than SPLY’s Rs. 9.1 billion. During the reviewed period, the company did not declare any dividend payments to its shareholders.
In 9MCY24, the company’s net revenues increased by 43% to Rs. 165 billion. During the nine months, gross margins came in at 45 percent. In a succinct statement, FFC stated that its outstanding return on investments, which when paired with dividend income, amounted to around Rs. 25 billion, was the primary driver of its success.
At full capacity, the company’s factories generated 1,900,000 tons of Sona Urea. In addition to marketing 94,000 tons of urea that the government imported, Sona Urea recorded sales of 1,864 thousand tons. With 1,958 thousand tonnes of urea sold overall, the company’s market share increased to 43% from 39% in the same period the previous year.
While the company’s financial costs climbed to Rs. 4.18 billion during the period under review, other income increased by 98 percent to Rs. 24.84 billion in 9M.In 1QFY25, the company reported earnings per share (EPS) of Rs. 12.95, and in 9MCY24, it reported an EPS of Rs. 33.45.
After a turnover of 5.8 million shares on Monday, FFC’s shares ended the day at Rs. 278.3, down 2.17 percent or Rs. 6.16 on the stock exchange.
