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MARI (Q2-Dec 2024); decline in financial performance

MARI (Q2-Dec 2024) reported a decline in financial performance for the quarter. Revenue decreased by 8% compared to the average of the last four quarters. PBT and PAT saw more significant declines, dropping by 44% and 42%, respectively. This was primarily due to higher operating and administrative expenses, which more than doubled compared to the same quarter last year. The tax rate for the quarter stood at 25%, slightly lower than the average of 28% over the previous four quarters.

In Q2-Dec 2024, MARI's operating profit was Rs. 12.58 billion, reflecting a sharp decline of over 57% compared to Q2-Dec 2023. In this quarter MARI recorded a finance income of Rs. 2.3 billion, no finance expenses. See report for details.

See Key Financials



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