Fauji Fertilizer Company’s Profit Increases by 92% to Rs. 42.5 Billion in 9 Months

Fauji Fertilizer Company Limited (PSX: FFC) has announced its financial results for the nine months that ended on September 30, 2024, whereby it posted an unconsolidated profit after tax (PAT) of Rs. 42.5 billion, up 92 percent compared to Rs. 22.2 billion in the same period last year. In Q1 FY25, the company posted a PAT of Rs. 16.48 billion, up 80 percent compared to Rs. 9.1 billion in SPLY. The company didn’t announce any dividend payouts for its shareholders for the period in review. Net sales of the company arrived at Rs. 165 billion in 9MCY24, up by 43 percent. Gross margins clocked in at 45 percent during the nine months. FFC said in a brief commentary that the major factor of its performance is the exceptional return on investments which combined with dividend income stood at around Rs. 25 billion. The company’s plants produced 1,900 thousand tons of Sona Urea, operating at optimum capacity. Sona Urea sales were recorded at 1,864 thousand tons, along with marketing of 94,000 tons of urea imported by the government. The company’s total urea sales stood at 1,958 thousand tonnes, reflecting an improved market share of 43 percent, compared to 39 percent during the same period last year. Other income has increased by 98 percent to Rs. 24.84 billion in 9M, while the finance cost of the company surged to Rs. 4.18 billion during the period in review. FFC paid Rs. 26.4 billion in taxes during 9MCY24. The company posted earnings per share (EPS) of Rs. 12.95 in 1QFY25 and an EPS of Rs. 33.45 for 9MCY24. FFC’s scrip at the bourse closed at Rs. 278.3, down 2.17 percent or Rs. 6.16 with a turnover of 5.8 million shares on Monday.