Islamabad, Oct 22: For the nine months that concluded on September 30, 2024, Fauji Foods Limited (PSX: FFL) reported a profit of Rs. 560 million, as opposed to a loss of Rs. 108 million during the same period the previous year.
In comparison to SPLY’s profit of Rs. 38.5 million for 3MFY25, the company’s PAT soared by 478 percent to Rs. 223 million.
Fauji Foods During the reviewed period, the corporation did not declare any cash dividends or bonus shares.
FFL’s financial reports show that its net revenue increased by 20% from Rs. 14.8 billion in 9MCY23 to Rs. 17.8 billion in 9MCY24. Revenue for 3MFY25 was Rs. 6.4 billion, whereas SPLY’s revenue was Rs. 4.0 billion.
FFL clarified in a succinct statement that Nurpur UHT milk continues to be Pakistan’s fastest-growing milk brand. Compared to SPLY, its sales increased by 47% in the first nine months of 2024. The company was able to acquire the breakfast table and diversify its holdings by strategically acquiring the cereal company in February 2024.
According to FFL, the improved P&L structure reflects the commercial sustainability, as the 9-month gross margin climbed by 5% compared to SPLY to reach 18%, while gross margins increased from 11.9 percent in Q3 2023 to 14.8 percent in Q3 2024.
This was fueled by a persistent emphasis on cost reductions supported by ongoing supply chain development. Consequently, FFL’s Q3 2024 operational profit was Rs. 236 million, whereas SPLY’s was Rs. 68 million.
In comparison to the same period last year, when the company’s finance cost was Rs. 6 million, it climbed by 163 percent to Rs. 15.8 million during the quarter. The same metric dropped by 88% to Rs. 40.5 million in 9MCY24.
In 3MFY25, FFL’s marketing and distribution costs climbed by 38% to Rs. 456 million; however, from January to September of 2024, those same costs soared by 24.3 percent to Rs. 1.27 billion.
In 3MFY25, administrative costs increased to Rs. 262 million, and in 9MCY24, they reached Rs. 682 million. The company’s other revenue climbed from Rs. 189 million to Rs. 366 million in 9MCY24 and to Rs. 174 million in 3MFY25.
FFL recorded earnings of Rs. 0.09 per share for 3MFY25 and Rs. 0.22 per share for the nine months.
With a turnover of 19.9 million shares on Tuesday, the company’s scrip at the stock exchange was at Rs. 9.34 at the time of reporting, down 0.21 percent or Rs. 0.02.
