PakStox Outlook

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 con...

In the latest quarter, (Q2 Jun 2024), EFERT earned a net income of Rs. 4.6 per share, and declared a cash dividend of Rs. 3 per share. Gross profit, decreased by 69.5% over Q1 (Mar 2024)

EFERT: Engro Fertilizer Ltd FINANCIAL RESULTS: FOR THE FIRST QUARTER ENDED MARCH 31, 2024 Cash Dividend: An interim cash dividend for the first quarter ended March 31, 2024, at Rs. 8.00 per share, i.e., 80%. EPS: Rs. 6.6 (last year, Rs. 4.13 in the same quarter last year) EFERT continues to shine. Remarkable first quarter performance. Sales surged impressively by 61%. Gross profit witnessed even more remarkable growth, soaring by 113% to Rs. 18.3 billion, driven by improved operational efficiency and a widened gross profit margin, which expanded from 26% to 34%. Profit before tax surged by 90% to Rs. 13.8 billion, despite a decline in other income. The growth in profit after tax got restricted to 60% due to higher taxation at 36% compared to 24% in the same quarter last year. On a consolidated basis, EFERT has posted an EPS of Rs. 8.08, substantially higher than Rs. 3.3 last year. Today EFERT closed at Rs.154.14 gaining Rs. 6.12 up 4.14%. Year to date it has gained over 37.4% and in on...

EFERT, First Quarter March 2023, Earning Release: EPS : Rs. 4.13, up 2% on the previous quarter and up 17% over the same quarter last year. Cash dividend : Rs. 3.5 per share. The trailing twelve-month cash dividend is Rs. 11.5. Price (Rs.) 1 Month 6 Month 1 Year 86.75 -3.6% 6.6% -7.8% Sales for the quarter were higher by 34% over the previous quarter and 37% over the same quarter last year. Gross profit for the quarter were higher by 28% over the previous quarter and 26% over the same quarter last year. Profit after tax for the quarter was higher by 2% over the previous quarter and 17% over the same quarter last year. PAT in the previous quarter (December 2022) was boosted because of a tax reversal. EFERT is trading at Rs 86.75, with a price-to-earnings ratio of 7.1, a price-to-book ratio of 2.7, and a attractive dividend yield (trailing twelve months) of over 13.3%. Download EFERT Earning Release 1QMar23 See Key Financials of EFERT; EFERT: Engro Fertilizers Limited Rs. in Millions 1Q...