Pakistan State Oil (PSX: PSO) has announced impressive results for the first quarter ended September 2025, marking a strong rebound in profitability despite softer revenues.
The company reported Earnings Per Share (EPS) of Rs 20, showing a robust 80% increase over the average of the last four quarters and a remarkable 136% jump year-on-year. However, a significant portion of this profitability stems from non-operational sources — over half of PSO’s net income was contributed by ‘other income’, highlighting the role of ancillary gains rather than core business strength.
On the operational side, revenue declined by 6% YoY, reflecting lower product volumes or price adjustments, but gross profit surged 17% YoY, supported by improved margins. The gross profit margin rose to 4%, up from the 3% average of the preceding four quarters — an encouraging sign of better cost control or pricing efficiency.
https://dps.psx.com.pk/download/document/257951.pdf
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