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Searle Reported Loss in Q3 2024, Revenue Down but Gross margin slightly Up

SEARL | The Searle Company Limited

Earning Release Q3-Mar 2024

Latest Announcement

  • For the quarter ending March 2024, SEARL reported a loss after tax of Rs. 110 million.
  • The loss per share came out at Rs. 0.21.
  • SEARL did not announce any cash dividends along with the results announcement. Moreover, it is worth noting that SEARL has declared no cash dividends in the last four quarters.
  • On a 9-month basis, SEARL announced a PAT of Rs. 111 million, compared to a PAT of Rs. 639 million in the same period last year.

To provide historical context to the earnings, note that on a twelve-month trailing basis, SEARL has recorded a loss after tax of Rs. 226.0 million, compared to a loss after tax of Rs. 19.16 million last year.

Profit and Loss Analysis

To better comprehend changes in profit and loss in this quarter over last year, note that revenue decreased by 5.7% in this quarter, compared to last year, and the gross profit margin increased to 49% from 46% last year, resulting in a 0.6% increase in gross profit, amounting to Rs. 18.2 million.

'Other Income' decreased by 43.5%, impacting the P&L negatively by an amount of Rs. 23.8 million compared to last year.

Financial charges increased by 1.2% in this quarter, affecting  the P&L with an amount of Rs. 9.8 million compared to last year.

This resulted in loss before tax of Rs. 60.3 million for the quarter, compared to profit before tax of Rs. 163.46 million last year.

Finally, in terms of taxation, SEARL booked a tax of Rs. 49.55 million this quarter.

So in sum, in this quarter ending March 2024, SEARL sustained a loss after tax of Rs. 109.8 million for the quarter, compared to profit after tax of Rs. 97.4 million last year.


Download: SEARL third-quarter announcement.

Market Performance

SEARL is trading at a market price of Rs. 54.3, with a price-to-book ratio of 1.

In the last 52 weeks, the SEARL stock reached a high of Rs. 64.09 and touched a low of Rs. 34.22.

Over the past 6 months, the stock of SEARL has gained by 13%, compared to the 35% return of the KSE100 Index. And, over the last year, it has gained 4%, compared to the 72% return of the KSE100 Index.

Market Cap &  Index Weighting

Currently, SEARL has a market cap of Rs. 27,779 million. 

SEARL weighting in PSX-indices is as follows. KSE100 Index: 0.53%, KSE30: 0.75%, and KMI30: 0.94%.

See: SEARL Market Price Chart.














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