For the quarter ending December 2024, Engro Fertilizers Limited (EFERT) reported a profit of Rs. 5.1 per share and declared a cash dividend of Rs. 8 per share. Over the past four quarters, the Company’s net income totaled Rs. 22.6 per share, with cumulative cash distributions amounting to Rs. 21.5 per share. However, the Profit After Tax (PAT) for the latest quarter declined by 21% compared to the previous quarter.
In terms of market performance, EFERT has underperformed the KSE-100 index by 12% over the last three months and by 6% over the past year.
Extract from Company report " Engro Fertilizer's urea production decreased by 8% to 2,139 KT in the current year, compared to 2,313 KT in 2023. This decline also impacted urea sales, which fell by 13% to 2,026 KT, down from 2,327 KT in 2023.
Despite the reduction in sales volume, the Company achieved a 14.7% increase in sales revenue compared to the previous year, driven by higher urea prices. However, the discontinuation of concessionary gas supply led to a decline in gross margins, which dropped to 28% from 32% in 2023.
In a significant development during the year, Engro Fertilizer launched UgAi, Pakistan’s first integrated agri e-commerce platform. This initiative aims to provide farmers with direct access to purchase fertilizers at official prices, offering them much-needed relief and convenience."
https://dps.psx.com.pk/download/document/247066.pdf