Honda Atlas Cars Limited (HCAR): 3QMY25 EPS clocked-in at PKR 3.97 – By Foundation Research

Jan 22 2025


Foundation Securities


  • Honda Atlas Car (HCAR PA) reported profitability of PKR 566Mn (EPS PKR 4.0), up 4.0x YoY in 3QMY25 against profit of PKR 143Mn (EPS PKR 1.0) in 3QMY24. While, in 9MMY25, company reported a profit of PKR 1,027Mn (EPS Rs7.2), up 7% YoY. Additionally, the company did not announce any cash dividends in 3QMY25.
  • HCAR posted net sales of PKR 17.8Bn (↑44/8% YoY/QoQ) in 3QMY25 driven by volumetric growth in car sales. Company’s sales volume clocked-in at 3,736 units in 3QMY25 (↑57/12% YoY/QoQ), with impetus coming primarily from City+Civic of 3,398 units, up 64/13% YoY/QoQ. Additionally, contribution from HR-V+BR-V of 338 units underwent a growth/decline of 14/1% YoY/QoQ. Resultantly, in 9MMY25, net sales clocked-in at PKR 50.4Bn (↑67% YoY) supported by volumetric growth of 89% YoY.
  • Company’s gross profit margin arrived at 9.2% in 3QMY25, up 0.9/1.8ppts YoY/QoQ owing to stable PKR/USD parity and CRC prices and absence of import restrictions. Moreover, cost of sales increased 42/5% YoY/QoQ inline with volumetric growth.

Honda Atlas Cars Limited (HCAR): 4QMY25 EPS to clocked-in at PKR 4.82; PAT down 50%YoY - By Taurus Research

Apr 22 2025


Taurus Securities


  • MY25: EPS: PKR 12.01; DPS: NIL; PAT: PKR 1.7Bn, down 27%YoY.
  • HCAR’s top line is expected to arrive at PKR 25.8Bn in 4QMY25, up 4%YoY and 45%QoQ, driven by a strong recovery in sales volumes to 5,692 units during the quarter up 13%YoY and 52%QoQ. For MY25, HCAR sold 16,061 units, marking a robust 53%YoY growth from 10,530 units last year supported by easing recovery in demand amid favorable macros.
  • Gross profit is projected to decline slightly by 2%YoY to PKR 2.1Bn, with gross margins compressing due to cost-side pressures despite higher revenues. Operating profit is expected at PKR 1.1Bn, down 12%YoY, amid a rise in administrative expenses by 21%YoY.
IBL HealthCare Limited (IBLHL): FY24 Corporate Briefing Takeaways - By Taurus Research

Feb 27 2025


Taurus Securities


  • IBL Healthcare Pakistan, a leading player in the healthcare and wellness industry, operates across diverse segments, including Nutrition, Health & Wellness, Ophthalmic, Medical Disposables, and Pharmaceuticals. Despite facing challenges in FY24, including supply chain constraints and plant shutdowns, the Company continues to focus on strategic growth and product innovation.
  • IBL Healthcare reported a 11%YoY decline in revenue, totaling ~PKR 3.6Bn in FY24, down from ~PKR 4.0Bn in FY23. This was mainly attributed to supply chain disruptions caused by the plant shutdown of Mead Johnson in Thailand.
  • The Company’s profit significantly reduced to ~PKR 7.6Mn (EPS: PKR 0.09) in FY24, compared to PKR 309Mn (EPS: PKR 3.61) in FY23. This decline was driven by discounts offered due to the limited shelf life of food products.
Honda Atlas Cars Limited (HCAR): 3QMY25 EPS clocked-in at PKR 3.97 – By Foundation Research

Jan 22 2025


Foundation Securities


  • Honda Atlas Car (HCAR PA) reported profitability of PKR 566Mn (EPS PKR 4.0), up 4.0x YoY in 3QMY25 against profit of PKR 143Mn (EPS PKR 1.0) in 3QMY24. While, in 9MMY25, company reported a profit of PKR 1,027Mn (EPS Rs7.2), up 7% YoY. Additionally, the company did not announce any cash dividends in 3QMY25.
  • HCAR posted net sales of PKR 17.8Bn (↑44/8% YoY/QoQ) in 3QMY25 driven by volumetric growth in car sales. Company’s sales volume clocked-in at 3,736 units in 3QMY25 (↑57/12% YoY/QoQ), with impetus coming primarily from City+Civic of 3,398 units, up 64/13% YoY/QoQ. Additionally, contribution from HR-V+BR-V of 338 units underwent a growth/decline of 14/1% YoY/QoQ. Resultantly, in 9MMY25, net sales clocked-in at PKR 50.4Bn (↑67% YoY) supported by volumetric growth of 89% YoY.
  • Company’s gross profit margin arrived at 9.2% in 3QMY25, up 0.9/1.8ppts YoY/QoQ owing to stable PKR/USD parity and CRC prices and absence of import restrictions. Moreover, cost of sales increased 42/5% YoY/QoQ inline with volumetric growth.

Honda Atlas Cars Limited (HCAR): 3QMY25 Result Review Margins revive amid shifting sales mix – By AKD Research

Jan 22 2025


AKD Securities


  • Honda Atlas Cars Pakistan Limited (HCAR) announced its 3QMY25 results today where the company posted PAT of PkR566mn (EPS: PkR3.97) vs. PAT of PkR143mn (EPS: PkR1.00) in SPLY. The annual incline is primarily driven by higher volumetric sales and improved margins given lower CRC/HRC prices. Overall, earnings remained largely in-line with our expectation.
  • Topline of the company clocked in at PkR17.8bn in 3QMY25, an increase of 44% on yearly basis. This rise is majorly attributable to higher volumetric sales, with the company selling 3,804 units compared to 2,375 units in 3QMY24.
  • Gross margins clocked in at 9.2% vs. 8.3% in SPLY. We believe the improving margins are due to i) shift in sales mix reverting towards Civic sales and ii) 12.9%YoY decline in CRC/HRC prices.

Honda Atlas Cars Limited (HCAR): 3QMY25 EPS at Rs3.97, up 3.95x YoY and 2.2x QoQ – higher than industry expectations – By Topline Research

Jan 22 2025


Topline Securities


  • Honda Atlas Car Pakistan (HCAR) announced its 3QMY25 result today, where the company recorded profit of Rs566mn (EPS of Rs3.97), up 3.95x YoY and 2.2x QoQ. The result came higher than industry expectations.
  • The earnings jump in the 3QMY25 is due to higher gross margins of 9.2% compared to our expectations of 8.3%. These 3QMY25 gross margins are also higher than 8.3% recorded in 3QMY24 and 7.4% in 2QMY25.
  • Additionally, distribution expenses saw a significant decline of 20% YoY and 19% QoQ to Rs147mn, while other operating expenses dropped sharply by 72% YoY and 74% QoQ to Rs17mn, further contributing to the rise in earnings. This is mainly due to significant fall in overall inflation.

Honda Atlas Cars Limited (HCAR): 3QMY25 EPS to clock-in at PKR 2.7; PAT up 49%QoQ – By Taurus Research

Jan 20 2025


Taurus Securities


  • 3QMY25: EPS: PKR 2.7; DPS: NIL; PAT: PKR 384Mn, up 1.7xYoY.
  • During 3QMY25, we expect HCAR’s sales revenue to clock-in at ~PKR 17.7Bn, up 7%QoQ/42%YoY. On a sequential basis, HCAR’s volumetric sales increased by 12%QoQ, arriving at 3,736 units, primarily due to surge in sales of Honda Civic & City. However, the demand remains subdued amid slight shift in the market trend towards electric vehicles.
  • Further, administration expense is expected to remain on a higher side, arriving at ~PKR 490Mn, up 12%QoQ/23%YoY. Similarly, finance cost is expected to arrive at ~PKR 358Mn, up 85%QoQ/down 19%YoY. Finally, we expect HCAR’s quarterly PAT to clock-in at ~PKR 384Mn, up 49%QoQ/1.7xYoY.
IBL HealthCare Limited (IBLHL): FY24 Corporate Briefing Takeaways – By Taurus Research

Nov 27 2024


Taurus Securities


  • IBL Healthcare Pakistan, a leading player in the healthcare and wellness industry, operates across diverse segments, including Nutrition, Health & Wellness, Ophthalmic, Medical Disposables, and Pharmaceuticals. Despite facing challenges in FY24, including supply chain constraints and plant shutdowns, the Company continues to focus on strategic growth and product innovation.
  • IBL Healthcare reported a 11%YoY decline in revenue, totaling ~PKR 3.6Bn in FY24, down from ~PKR 4.0Bn in FY23. This was mainly attributed to supply chain disruptions caused by the plant shutdown of Mead Johnson in Thailand.
  • The Company’s profit significantly reduced to ~PKR 7.6Mn (EPS: PKR 0.09) in FY24, compared to PKR 309Mn (EPS: PKR 3.61) in FY23. This decline was driven by discounts offered due to the limited shelf life of food products.

IBL HealthCare Ltd. (IBLHL): FY24 Analyst Briefing takeaways – By AKD Research

Nov 26 2024


AKD Securities


  • IBL HealthCare Ltd. (IBLHL) held its corporate briefing today to discuss its FY24 financial results and future outlook. Following are the key highlights:
  • Company posted topline of PkR3.6bn in FY24 compared to PkR4.0bn in FY23, down 11% YoY, due to supply chain constraints amid plant shutdown of Mead Johnson in Thailand.
  • Moreover, company’s profit for the year clocked in at PkR7.6mn (EPS: PkR0.09) in FY24 compared to PkR309mn (EPS: PkR3.61) in FY23, due to discounts offered amid limited shelf life of food products.

Technical Outlook: KSE-100; Upside to continue - By JS Research

Jun 5 2025


JS Global Capital


  • Bulls continued to dominate the session as the KSE-100 Index gained 1,348 points DoD, closing at the 121,799 level. Trading volumes stood at 711mn shares, up from 578mn shares previously. We believe a break above 121,882 (yesterday’s high) will sustain the uptrend, with 123,375 and 125,947 as the next targets. On the downside, support is seen between 120,900 and 121,170, with a break below this range likely to trigger a corrective phase. Both the RSI and MACD are trending upward, reinforcing a positive outlook. We recommend investors 'Buy on dips,' while keeping a stop-loss below the 120,896 level. The support and resistance are at 121,169 and 122,155, respectively.
Morning News: Pakistan, ADB sign $300m ‘Subprogram II’ loan - By WE Reserach

Jun 5 2025



  • The government of Pakistan and the Asian Development Bank (ADB) have signed a $300 million loan agreement under the “Improved Resource Mobilization and Utilization Reform Programme (Subprogramme-II),” aimed at supporting Pakistan’s macroeconomic stabilization and fiscal consolidation through structural reforms in trade, revenue generation, and capital market development. The agreement, signed by Dr. Kazim Niaz and ADB Country Director Emma Fan, is part of a broader $800 million financing package that includes a $500 million Policy Based Guarantee (PBG) to help raise $1 billion in commercial financing, reinforcing Pakistan’s efforts toward economic recovery and sustainability.
  • At a lively early Independence Day celebration hosted by the US Embassy in Islamabad, Prime Minister Shehbaz Sharif announced a “new era” in US-Pakistan relations, emphasizing shared democratic values and historical ties dating back to 1947. Speaking to a crowd of political leaders, diplomats, and civil society members, Sharif acknowledged America’s longstanding development support while highlighting Pakistan’s heavy sacrifices in the fight against terrorism—over 90,000 lives lost and $150 billion in economic damage. He also criticized India over a recent conflict, calling the Pahalgam incident a false-flag operation and accusing New Delhi of civilian targeting, while affirming Pakistan’s military response. Despite tensions, Sharif expressed a desire for regional peace and praised former US President Trump for his role in de-escalating hostilities. Acting US Ambassador Natalie Baker echoed the spirit of partnership, speaking in Urdu and highlighting shared values and mutual respect.
  • Pakistan’s finance team is in negotiations with the International Monetary Fund (IMF) to maintain the current 5% Federal Excise Duty (FED) on fertilisers and drop a proposed 5% FED on pesticides in the 2025–26 budget, following intervention by Prime Minister Shehbaz Sharif. The Prime Minister has also directed the Federal Board of Revenue (FBR) to reassess the proposed import tariff rationalisation plan to prevent negative impacts on the import bill. While the IMF appears to have relented on fertiliser and pesticide taxes after Pakistan argued these could hurt agricultural productivity—especially alongside the introduction of the Agriculture Income Tax (AIT)—it remains firm on imposing General Sales Tax (GST) in the formerly exempt FATA/PATA regions. Despite previous political efforts to preserve the exemption, a reduced GST rate of 12% is now expected to be implemented there in the upcoming fiscal year.
Morning News: IMF wants ‘strict compliance’ as budget enters final stages - By Vector Research

Jun 5 2025


Vector Securities


  • Amid final consultations on the budget, the International Monetary Fund (IMF) wants strict compliance with programme requirements, including the coverage of agriculture income tax in provincial budgets to ensure effective collection starting no later than September 2025. The Fund also does not agree with a plan for incentivising enhanced power consumption desired by the federal government to absorb surplus capacity.
  • The government of Pakistan and Asian Development Bank (ADB) on Wednesday signed a $300 million loan agreement for the “Improved Resource Mobilization and Utilization Reform Programme (Subprogramme-II).
  • The National Economic Council (NEC) under the chairmanship of Prime Minister Shehbaz Sharif, Wednesday approved the national development outlay of Rs4.224 trillion (Rs4,224 billion), including federal Public Sector Development Program (PSDP) of Rs1,000 billion for the next budget. The real GDP growth has been envisaged at 4.2 per cent of GDP and CPIbased inflation at 7.5 per cent for FY2025-26.
Cement: May'25 local offtakes reach 21-month high amid improvement in construction activity - By AKD Research

Jun 4 2025


AKD Securities


  • Cement dispatches for May’25 clocked in at 4.65mn tons, an increase of 9%YoY, driven by 9%YoY surge in local offtakes, while exports increased by 7%YoY.
  • Industry-wide capacity utilization increased to 66% (up 4.6ppt YoY), highest in 21 months.
  • We maintain a positive outlook on the sector on the back of anticipated gross margin expansion due to improvement in retention prices and declining power cost, supported by declining interest cost.
Fertilizers: Slight demand pick-up ahead of the Budget - By JS Research

Jun 4 2025


JS Global Capital


  • As per provisional figures, Urea off-take during May 2025 is expected to clock in at 420k tons, up 6% YoY/67% MoM. This marks the first YoY growth in Urea sales volumes after a sustained period of weak performance since CYTD. While DAP volumes likely to arrive at 94k tons (+2.3x YoY). CYTD urea/ DAP sales are likely to post 31%/20% YoY decline.
  • Company-wise, Fauji Fertilizer Company (FFC) is expected to post Urea off-take of 206k tons in May-2025, down 28% YoY. In contrast, Engro Fertilizers (EFERT) is expected to post 86% YoY growth reflecting a low base-effect, while the company is also expected to surpass the CYTD monthly run-rate.
  • Urea inventory is expected to reach an 8-year high of 1.3mn tons in May-2025, similar to the levels seen during the same month in 2017/ 2020, which were later offloaded due to exports / strong sales in latter months. Although the chances for govt allowing exports are low at this point, however, any such allowance would favor EFERT more than the peers.
Refinery: GRMs Sharply Recovering - By Sherman Research

Jun 4 2025


Sherman Securities


  • After plunging to lowest level of US$4.5 per barrel in April 25, Gross Refining Margins (GRMs) of local refineries significantly recovered to US$9.3 per barrel during ongoing month of June. This is positive for local refineries as their earnings are directly linked with changes in GRMs.
  • Just to recall, highest GRM was recorded at US$30 per barrel during July 2022 while average GRMs during last 5 years stood at US$7 per barrel.
  • GRM is the sum of the weighted average spread of products which a refinery is yielding on every barrel of crude it processes. Major products include Diesel (HSD), Gasoline (MS) and Furnace oil (FO).
Cement: May’25 dispatches up 39%MoM - By Taurus Research

Jun 4 2025


Taurus Securities


  • Total Cement dispatches in May’25 up 39%MoM on the back of reviving construction demand i.e. Domestic sales went up 46% MoM to 3.6Mn tons. Whereas, total export sales up 20%MoM on account of better retention prices and surge in demand post Indo-Pak de-escalation which benefited North Players, mainly. On a YoY basis, total domestic sales were up 9% in May’25 as lower interest rates and record low inflation have supported players to improve their margins and increased volumes. Although, higher duties and taxes on the cement sector have reduced the overall demand, resulting in overcapacity.
  • North-based domestic sales increased 42%MoM in May’25 due to surge in the construction activities amid seasonal demand and better volumes i.e. lower retail prices compared to the South region. Wherein, export sales were up significantly by 1.1xMoM on the revival of regional sales post Indo-Pak deescalation. South-based domestic sales surged by 64%MoM in May’25 amid revival of the construction demand. On the export front, South-based exports were up 5%MoM, respectively.
  • On a YoY basis, North-based domestic sales surged 10%YoY in May’25 due to pick up in construction demand on the back of lower interest rates and record low inflation. Similarly, Northbased exports were up significantly by 48%YoY, reflecting higher demand from the export regions. On the South front, domestic sales during May’25 increased by 5%YoY. However, export sales dropped 2%YoY to 0.75Mn tons, respectively.
Technical Outlook: KSE-100 setting new high - By JS Research

Jun 4 2025


JS Global Capital


  • The KSE-100 index showed positive movement to close at 120,451, up 1,573 points DoD. Volumes stood high at 578mn shares compared to 498mn shares traded in the previous session. The index is likely to test its intraday all-time high of 120,797 where a break above targeting 123,375 which may later rise to 125,947. However, any downside will find support between 119,130 and 119,490 levels, respectively. The RSI and the MACD have moved up, supporting a positive view. We advise investors to view any downside as an opportunity to ‘Buy’, with risk defined below 119,130. The support and resistance are at 119,489 and 121,053, respectively.
Morning News: ADB approves $800m financing for Pakistan - By WE Research

Jun 4 2025



  • The Asian Development Bank (ADB) has approved an $800 million program to enhance fiscal sustainability and public financial management in Pakistan through the Improved Resource Mobilization and Utilization Reform Program, Subprogram 2. This includes a $300 million policy-based loan and ADB’s first-ever policy-based guarantee of up to $500 million, expected to attract $1 billion from commercial banks. Originally scheduled for May 28, the ADB board meeting was delayed due to a request from the Indian executive director and later held on June 3. The program supports reforms in tax policy, public expenditure, digitalisation, and private sector development, aiming to reduce Pakistan’s fiscal deficit and debt while fostering sustainable growth. ADB and Pakistani officials emphasize the country's recent macroeconomic improvements and the importance of coordinated efforts for long-term fiscal resilience.
  • President Asif Ali Zardari has summoned the National Assembly and Senate to convene on June 10 at 5 p.m. for the federal budget session for the fiscal year 2025–26. Finance Minister Senator Muhammad Aurangzeb is expected to present the budget and Finance Bill during these sessions, called under Article 54(1) of the Constitution. The National Assembly Secretariat has issued special passes for press, officials, and other attendees, while a comprehensive security plan has been put in place for the Parliament House to ensure safety during the proceedings.
  • Pakistan’s budget team, led by Prime Minister Shehbaz Sharif and Finance Minister Muhammad Aurangzeb, is working to convince the IMF to drop its demand to raise the Federal Excise Duty (FED) on fertilizer from 5% to 10% in the 2025–26 budget. The government also aims to avoid a proposed 5% FED on pesticides, with both moves intended to ease pressure on the struggling agriculture sector. In exchange, Pakistan has highlighted provincial amendments to the Agriculture Income Tax (AIT), which will begin collection in the next fiscal year. The Federal Board of Revenue (FBR) has been asked to assess the impact of proposed tariff rationalization on imports, amid concerns about potential tax evasion. Meanwhile, the IMF has rejected requests to continue GST exemptions for the former FATA/PATA regions, with a reduced 12% GST now likely to be imposed. The negotiations reflect a balancing act between IMF conditions and domestic political and economic challenges, particularly in the agricultural sector.
Morning News: ADB approves $800m financial package for Pakistan - By Vector Research

Jun 4 2025


Vector Securities


  • The Asian Development Bank (ADB) has approved an $800 million financial package for Pakistan under the Resource Mobilization Reform Program (Subprogram-II). According to the Ministry of Finance, the package includes a $300m policy-based loan (PBL) and a $500m program-based guarantee (PBG).
  • The International Monetary Fund (IMF) has objected to the government's contentious proposals to impose a capital value tax on moveable assets and to slap a 5% federal excise duty on one-day-old chicks — measures that underscore the business-as-usual approach of the tax machinery. While the IMF did not endorse the tax on moveable assets and one-day-old chicks, it did agree to the imposition of a tax on digital services aimed at raising Rs10 billion in revenue, according to sources in the Federal Board of Revenue (FBR). There is also a budget proposal to increase the tax on dividend income of mutual funds from 15% to 20%.
  • The Ministry of Commerce has expressed its inability to achieve the ambitious export target of $60 billion by 2029 set by the Prime Minister, citing a range of international and domestic challenges, according to official documents. 
Oil Marketing Companies: Expansion continues steadily - By Foundation Research

Jun 3 2025


Foundation Securities


  • POL sales surged 10% YoY (↑5% MoM) to 1.5mn tons during the month of May’25 driven by pickup in economic activity amid reduced pilferage of Iranian fuel. Productwise breakdown reveals that MS/HSD sales enhanced 15/5% YoY during May’25 whereas FO sales grew 16% YoY. Company-wise analysis depicts that WAFI/HASCOL volumes expanded 23/31% YoY whereas PSO/APL volumes shrank 3/2% YoY during the month. Total sales during 11MFY25 settled at 14.8mn tons, up 7% YoY.
  • White oil: Domestic petroleum sales (ex-non Energy) improved 10% YoY in May’25 in line with white oil sales that increased by the same magnitude. Sequentially, volumes went up 7%. Product-wise analysis reveals that MS/HSD sales clocked-in at 700/672K tons, up 15/5% YoY (↑6/8% MoM) while prices of MS/HSD declined marginally to PKR 254/257/ltr (down PKR 2/3/ltr). This takes 11MFY25 sales of MS/HSD to 6.9/6.3mn tons, reflecting growth of 7/10% YoY respectively.
  • In the black oil segment, FO sales rose 16% YoY to 80K tons in May’25. During 11MFY25, FO sales fell 28% YoY amid lower demand from power producers given higher proportion of hydel, nuclear, RLNG, gas and coal power generation.
AirLink Communication Ltd ((AIRLINK): Innovation unplugged - By Foundation Research

May 27 2025


Foundation Securities


  • We initiate coverage on AirLink Communication Ltd. with an ‘Outperform’ rating and a Dec’25 TP of PKR 273.3/sh, implying a 67.8% upside. AIRLINK has established a strong position in the mobile manufacturing market through the local assembly of prominent brands including Xiaomi, Tecno, and Itel. The company has ambitious plans to expand its product portfolio further by venturing into the manufacturing of laptops, TV’s and EV’s.
  • Our positive outlook on AIRLINK is supported by (1) increasing broadband and smartphone penetration in Pakistan, (2) strategic expansion aided by a 10-year tax holiday, (3) rising market share of low budget smartphones, (4) diversification into laptops and TVs, (5) potential in Xiaomi smartphone exports, and (6) expanding horizons with EV’s. Despite growing competition, the company’s forward looking initiatives position it strongly to capitalize on untapped market opportunities.
  • Increasing broadband and smartphone penetration: Pakistan’s smartphone penetration (31%) is significantly lower than in neighboring India (47%) and other developing countries (avg: 54%) with a GDP per capita close to Pakistan’s. Similarly, smartphone penetration in South-East Asia stood at 79% in 2024, highlighting the gap and growth opportunity in Pakistan. Improved internet access and evolving popularity of social apps coupled with digitalization are likely to keep demand for smartphones robust in the near term.
Pakistan Fertilizer: Recovery still far away - By Foundation Research

May 15 2025


Foundation Securities


  • The dry spell continues for the Fertilizer sector with urea dispatches recorded at only 1,350KT (↓37% YoY) in 4MCY25. Fertilizer offtake continued with its sluggish trend fueled by Govt’s decision to abolish support prices that has severely impacted farmer income. In Apr’25, Urea sales recorded a decline of 24/18% YoY/MoM to only 251KT, a five-year low. Company wise analysis reveals that FFC urea offtake declined 52/42% MoM/YoY to 108KT in Apr’25, whereas EFERT/FATIMA recorded an incline of 7/56% YoY and 38/14% MoM to 81/42KT, respectively. AGL urea offtake dwindled 17% MoM but picked up 11.2x YoY to reach 20KT in Apr’25. Industry DAP offtake jumped 3/96% YoY/MoM in Apr’25 to 95KT. FFC/EFERT DAP offtake declined/inclined 34%/3.1x YoY and surged 2.0/3.8x MoM to 54/31KT, respectively.
  • Fertilizer sales remained lethargic in Apr’25: Pakistan domestic Urea offtake declined by 24/18% YoY/MoM in Apr’25, reaching 251KT. DAP offtake increased 3/96% YoY/MoM to 95KT. NP offtake remained jumped 46/31% YoY/MoM in Apr’25 to 71KT, while CAN offtake increased 28/15% YoY/MoM to 45KT. In Apr’25, industry urea inventory levels increased drastically to 1,104KT, a five year high, due to sluggish demand amid weak crop pricing. Similarly, DAP inventory has reached 204KT. Company-wise urea inventory was recorded at 292/487/279/46KT for FFC/EFERT/FATIMA/AGL, respectively, in Apr’25. DAP inventory of FFC/EFERT reached 129/32KT.
  • EFERT offtake picked up: EFERT/FATIMA urea offtake inclined 7/56% YoY, respectively, to reach 81/42KT, in Apr’25. We attribute this incline to the seasonality factor and company incentives to clear inventory. AGL urea offtake showed a massive jump of 11.2x YoY, due to low-base effect. Where the whole industry has undergone a jump in offtake, FFC experienced a decline in Urea dispatches to the tune of 52/42% YoY/MoM to reach 108KT
Oil Marketing Companies: Fuel demand picks up further - By Foundation Research

May 5 2025


Foundation Securities


  • POL sales surged 32% YoY (↑20% MoM) to 1.5mn tons during the month of Apr’25 driven by the low base effect and pickup in economic activities amid reduced pilferage of Iranian fuel. Product-wise breakdown reveals that MS/HSD sales enhanced 24/33% YoY during Apr’25 whereas FO sales grew 182% YoY. Company-wise analysis depicts that PSO/APL/WAFI/HASCOL volumes expanded 12/28/23/76% YoY during the month. Total sales during 10MFY25 settled at 13.2mn tons, up 6% YoY.
  • White oil: Domestic petroleum sales (ex-non Energy) improved 32% YoY in Apr’25 while white oil sales increased 28% YoY. Sequentially, volumes went up 20%. Productwise analysis reveals that MS/HSD sales clocked-in at 660/622K tons, up 24/33% YoY (↑14/28% MoM) while prices of MS/HSD remained stable MoM. This takes 10MFY25 sales of MS/HSD to 6.2/5.6mn tons, reflecting growth of 6/11% YoY respectively.
  • In the black oil segment, FO sales shot up 182% YoY to 84K tons during Apr’25. During 10MFY25, FO sales fell 31% YoY amid lower demand from power producers given higher proportion of hydel, nuclear, RLNG, gas and coal power generation.
Oil and Gas Development Company (OGDC): 3QFY25 EPS recorded at PKR 11.0/sh, DPS PKR 3.0/sh - By Foundation Research

Apr 30 2025


Foundation Securities


  • Oil and Gas Development Company (OGDC PA) earnings in 3QFY25 remained stable at PKR 47.1Bn (EPS PKR 11.0/sh) vs. PKR 47.8Bn (EPS PKR 11.1/sh) during 3QFY24. While in 9MFY25, the profitability clocked-in at PKR 129.6Bn (EPS PKR 30.1/sh), down 24% YoY, against PKR 171.1Bn (EPS PKR 39.8/sh) in the SPLY. The earnings are in-line with our expectation.
  • The result was accompanied by a cash payout of PKR 3.0/sh taking 9M payout to PKR 10.1/sh.
  • The bottom-line in 3QFY25 remained stable despite a 17% YoY decline in gross profit. We attribute this to (1) stable PKR-USD parity, (2) steady other income (↑5% YoY), and (3) effective tax rate of only 30% against 41% in the SPLY which we believe is due to depletion.
Pakistan Oil and Gas: Lower production and softer oil prices to hamper sector profitability in 3Q - By Foundation Research

Apr 24 2025


Foundation Securities


  • We expect E&P sector profitability to decline 11% YoY during 3QFY25. This is attributable to: 1) avg. oil prices tumbling 5% YoY in 3Q, 2) oil/gas avg. production plummeting 12/5% YoY, and 3) stable PKR/USD parity. On a QoQ basis, we expect sector profitability to inch up 4% on the back of improvement in production stats (oil/gas avg. production surge by 1/7% QoQ) and receding exploration costs.
  • Oil and gas industry production receded in 3QFY25 due to forced curtailment: Oil/gas production declined 12/5% YoY in 3Q, this trend has been ongoing for the last 4 quarters mainly due to forced curtailment of local production to facilitate imported RLNG flows. It is pertinent to highlight that pressure of gas supply led to constraints in system capacity forcing domestic oil & gas production to fall. Considering the same and following some resentment from domestic players, the government has delayed some planned shipments.
  • Status of drilling activity: In 9MFY25, a total of 15/23 of exploratory/development wells were spud as against planned 27/40 in the beginning of FY25. Last year, 11/30 exploratory/development wells were spud against 21/35 planned. Improved exploration activity in the E&P’s space symbolizes easing of cash flows along with multiple block auctions.
Pakistan Steel: No change in fortunes - By Foundation Research

Apr 22 2025


Foundation Securities


  • We expect profitability for long steel players to remain unappealing attributable to (1) weak rebar prices, (2) higher delta of graded vs. ungraded steel, and (3) lower utilization.
  • As for flat steel, profitability is anticipated to weaken YoY due to (1) lackluster domestic sales, (2) inflated energy cost, and (3) compressed Int’l HRC-CRC spreads. However, on a quarterly basis the same is expected to increase on account of (1) sequential decline in HRC prices, (2) easing flows from FATA/PATA region, (3) stable local sales volumes, and (4) rise in exports.
  • We expect ISL’s profitability to ↓/↑46/8% YoY/QoQ to PKR 0.88/sh. As for the long steel players, we expect ASTL to report LPS of PKR 1.65/sh in 3QFY25 against LPS of 2.24 in 3QFY24, whereas MUGHAL is forecasted to post an EPS of PKR 1.33/sh, (↑4.3/2.1x YoY/QoQ).
Sazgar Engineering Works Limited (SAZEW): 3QFY25 EPS is recorded at PKR 103.1/sh, DPS PKR 12.0/sh - By Foundation Research

Apr 21 2025


Foundation Securities


  • Sazgar Engineering Works Limited (SAZEW PA) reported profitability of PKR 6.2Bn (EPS PKR 103.1), up 134/159% YoY/QoQ in 3QFY25. This takes 9MFY25 bottom-line to PKR 12.9Bn (EPS PKR 212.7), up 215% YoY. Results is higher than our expectation of PKR 89.2/sh due to higher than anticipated gross margin.
  • The result is accompanied with an interim cash dividend of PKR 12.0/sh in 3QFY25, pulling 9MFY25 pay-out to PKR 32.0/sh. The dividend is lower than our expectation of 18.0/sh given planned expansions which are to be financed completely with internally generated cash.
  • SAZEW posted sales of PKR 36.7Bn (↑83% YoY) in 3QFY25 which were driven by volumetric sales growth and upwelling gross margins. SAZEW’s 4-wheeler sales volume clocked-in at 3,486 units (↑85/80% YoY/QoQ) in 3QFY25, whereas, 3-wheeler sales were 7,170 units, registering a growth of 41/4% YoY/QoQ.

Pakistan Economy: Power sector circular debt resolution plan in the offing - By Foundation Research

Apr 18 2025


Foundation Securities


  • Pakistan's power sector has become a key challenge in the country's macroeconomic balancing act. Stabilizing the economy hinges on resolving power sector issues, which took center stage in recent IMF negotiations for the $7 billion Extended Fund Facility. In a bid to settle the amount in a single go, the government has plans to inject Rs1.5 trillion to tackle the circular debt crisis, clearing overdue liabilities and paving the way for sector stability.
  • Commercial banks will provide nearly Rs1.275 trillion of the bailout package, despite already having significant exposure to the power sector's circular debt. The deal, negotiated between the government and banks, offers below-KIBOR interest rates, potentially saving the government 3-5% on debt servicing costs. Contrary to news flow of banks being pressured into the deal, top banking executives and government officials have assured that the agreement was reached mutually.
  • According to news flow, a term sheet was signed between the government and banks at a large commercial bank in Karachi, with disbursements slated to begin next month. This financial intervention aims to curb the energy crisis and prevent further debt accumulation.
Economy: Rating upgrade: Fitch upgrades Pakistan’s rating to ‘B-’ from ‘CCC+’ - By Foundation Research

Apr 16 2025


Foundation Securities


  • Fitch has upgraded Pakistan’s long term Issuer Default Rating (IDR) to ‘B-’ from ‘CCC+’ and has termed the country’s outlook ‘stable’.
  • The ratings agency highlighted key metrics behind the upgrade which included the following:
  • Fitch expressed confidence in Pakistan’s progress on the fiscal front with reduced deficits and implementation of structural reforms. Further, the agency stressed upon tight economic policy that is expected to support build-up of forex reserves and limited external financing needs
Current: 293.37
Open: 292
Volume: 601066
Change: 1.56 (0.54)
High: 297
Low: 290.5
52 Week High: 354.98
Vol Avg(12 m):
Free Float: 28.56M
52 Week Low: 221.1
Market Cap: 41.89B
Total Share: 142.80M

Relative Strength Index (RSI)

RSI: 55.8017

MACD Signals

MACD DAILY: Buy
MACD WEEKLY: Buy

Simple Moving Avg (SMA)

SMA(10): 292.65
SMA(30): 284.08
SMA(60): 290.14
SMA(200): 284.20

Performance

One Month: 3.98 %
Three Months: 2.45 %
Six Months: -0.85 %
Twelve Months: -5.87 %

Support & Resistance

Support 1: 290.24
Resistance 1: 296.74
Support 2: 287.12
Resistance 2: 300.12

High & Lows

Period
High
Low
Last 30 days
312.50
221.10
Last 90 days
318.01
221.10
Last 180 days
354.98
221.10
Last 1 year
354.98
221.10
Last 3 years
354.98
81.33
Last 5 years
409.90
81.33
All time
931.00
8.05
ProfitabilityTTM20252024202320222021202020192018201720162015201420132012201120102009
Gross Profit Margin(%)
7.948.548.197.535.125.617.437.6811.4214.5215.0812.647.304.780.270.90-1.511.25
Operating Profit Margin(%)
5.135.537.212.454.014.304.135.8910.3713.7912.9410.025.452.36-2.090.42-3.36-2.82
Profit Before Tax Margin(%)
3.404.195.002.093.964.132.815.8810.3613.7512.929.985.361.73-3.00-1.11-6.23-4.40
Net Profit Margin(%)
3.183.474.240.272.322.661.244.057.109.778.878.372.740.81-3.21-1.35-5.38-2.84
Other Operating Income(%)
32.6736.5096.50892.4879.8851.2293.6734.1128.9918.188.716.9225.2087.37-38.42-28.14-3.09-16.14
Return on Capital Employed(%)
14.4816.1715.499.7617.8313.6313.3630.9853.9064.1363.5073.0387.2550.86-28.03-4.42-16.10-9.23
Return on Equity(%)
10.2311.5610.781.3512.579.854.1221.8538.0446.9644.7861.7744.9017.90-47.19-17.79-43.14-14.21
Return on Assets(%)
4.885.484.150.394.354.662.138.4711.7818.1223.6024.107.821.98-5.31-3.06-9.02-4.04
InvestorsTTM20252024202320222021202020192018201720162015201420132012201120102009
Dividend Per Share
0.008.006.500.007.004.521.0012.1526.9313.007.005.003.000.300.000.000.000.00
Dividend Yield(%)
0.002.762.920.003.381.660.755.065.641.732.772.735.181.020.000.000.000.00
Dividend Cover
0.002.372.510.002.512.784.772.221.693.303.564.432.515.700.000.000.000.00
Retention Ratio(%)
100.0057.8360.22100.0060.1864.0179.0454.9540.7969.7471.8977.4360.1182.46100.00100.00100.00100.00
Number of Shares
142.86K142.81K142.83K142.93K142.77K142.77K142.92K142.79K142.80K142.81K142.80K142.77K142.78K142.86K142.68K142.80K142.75K143.00K
Payout Ratio(%)
0.0042.1739.780.0039.8235.9920.9645.0559.2130.2628.1122.5739.8917.540.000.000.000.00
ValutionTTM20252024202320222021202020192018201720162015201420132012201120102009
Sales per Share
527.32546.63385.56665.25756.79471.82385.14666.20640.93439.77280.71264.51274.23211.92116.34154.24111.0698.95
Market Price per Share
289.40289.40222.89117.83207.23272.78132.51239.96477.32751.92252.44183.4357.9129.4511.009.9516.5712.55
Earnings per Share
16.7818.9716.341.8217.5812.564.7726.9745.4842.9624.9022.157.521.71-3.73-2.09-5.97-2.81
Book Value per Share (Rs.)
164.08164.13151.61134.78139.81127.45115.85123.44119.5691.4955.6135.8616.759.557.9011.7513.8419.77
Price Earnings Ratio
17.2515.2613.6464.7411.7921.7227.788.9010.5017.5010.148.287.7017.22-2.95-4.76-2.78-4.47
Price/Book Ratio
1.761.761.470.871.482.141.141.943.998.224.545.123.463.081.390.851.200.63
Price To Sales Ratio
0.550.530.580.180.270.580.340.360.741.710.900.690.210.140.090.060.150.13
Net Assets per Share
164.08164.13151.61134.78139.81127.45115.85123.44119.5691.4955.6135.8616.759.557.9011.7513.8419.77
Capital Employed
26.70M26.70M25.63M23.87M24.28M21.25M17.03M18.09M17.61M13.50M8.17M5.18M2.45M1.41M1.24M2.09M3.31M4.33M
LiquidityTTM20252024202320222021202020192018201720162015201420132012201120102009
Equity Multiplier
2.102.102.303.253.522.481.921.823.443.942.042.725.1511.108.416.304.533.52
Equity to Assets(%)
47.7247.7243.4630.7328.4140.3052.0054.9129.0325.3749.0036.7619.419.0111.8915.8622.0828.44
Long term Debt to Equity(%)
9.679.6712.1715.1613.7211.370.000.000.000.000.000.000.000.007.3924.8467.4953.04
Long term Debt to Assets(%)
4.614.615.294.663.904.580.000.000.000.000.000.000.000.000.883.9414.9015.09
Liabilities to Assets(%)
52.2852.2856.5469.2771.5959.7048.0045.0970.9774.6351.0063.2480.5990.9988.1184.1477.9271.56
Solvency Ratio(%)
9.3310.558.280.604.996.654.4626.6115.5615.9643.0335.9110.821.77-6.37-3.35-12.23-5.65
Interest Cover
2.964.143.266.7381.2724.943.13500.92655.78369.40741.79202.8156.083.75-2.280.61-1.17-1.79
Cash per Share
4.824.828.336.2990.96104.5110.659.7576.9866.7841.7623.5216.4924.740.586.080.570.14
Current Ratio
1.771.771.671.321.291.551.801.881.291.221.531.210.890.770.560.670.620.70
Quick Ratio
1.101.100.821.000.791.061.041.261.091.051.040.570.500.450.220.260.210.17
Working Capital
789.52K789.52K11.21M-24.25M-21.70M-11.00M-196.65K-4.16M-32.87M-30.95M-3.94M-3.17M-6.00M-9.34M-5.25M-4.62M-3.10M-433.50K
Receivable Days
35.0038.0031.004.003.005.007.002.000.000.001.000.000.000.000.000.000.000.00
Inventory Days
86.0091.00119.0074.0061.0066.0071.0035.0033.0036.0051.0052.0041.0045.0069.0048.0060.0077.00
Payables Days
105.00101.00201.00173.00123.00103.0094.00115.00177.00155.0090.00103.00118.00138.00177.00113.00100.0088.00
Working Capital (Days)
16.0028.00-51.00-95.00-59.00-32.00-16.00-78.00-144.00-119.00-38.00-51.00-77.00-93.00-108.00-65.00-40.00-11.00
Total Assets Turnover
1.531.591.111.521.541.491.732.961.561.222.472.713.182.001.752.081.771.42
Fixed Asset Turnover (Times)
12.0111.276.5011.2418.7115.8111.6819.2219.4918.1715.0313.2612.579.164.675.313.292.73
Inventory Turnover (Times)
5.025.202.697.554.735.784.8810.9711.159.4310.006.8410.167.025.826.406.814.79
MRQ20252024202320222021202020192018201720162015201420132012201120102009
Share Capital
1.43B1.43B1.43B1.43B1.43B1.43B1.43B1.43B1.43B1.43B1.43B1.43B1.43B1.43B1.43B1.43B1.43B1.43B
Reserves
18.96B18.96B17.46B17.46B15.96B14.96B14.31B12.31B9.71B5.51B2.96B526.00M76.00M76.00M249.50M548.50M1.40B1.80B
Accumalated Gain/ Loss
3.06B3.06B2.77B380.32M2.58B1.81B823.25M3.89B5.94B6.13B3.56B3.17B887.22M-139.33M-549.68M-299.31M-853.86M-401.65M
TOTAL EQUITY
23.44B23.44B21.66B19.26B19.96B18.20B16.56B17.63B17.07B13.06B7.94B5.12B2.39B1.36B1.13B1.68B1.98B2.83B
Long term loan
2.27B2.27B2.63B2.92B2.74B2.07B0.000.000.000.000.000.000.000.0083.33M416.67M1.33B1.50B
Deferred liabilities
29.91M29.91M68.93M136.54M250.98M173.37M187.48M164.77M93.39M61.65M82.82M52.55M44.42M37.83M26.39M0.000.000.00
Deferred tax
484.44M484.44M625.55M706.82M521.18M201.78M270.51M288.06M433.59M367.14M134.11M0.000.000.000.000.000.000.00
Deferred revenue
11.72M11.72M17.24M18.55M18.20M13.54M16.44M11.83M12.84M10.84M8.84M11.62M11.71M4.80M0.000.000.000.00
Deferred grant
466.64M466.64M632.77M820.36M787.68M595.84M0.000.000.000.000.000.000.000.000.000.000.000.00
Total non Current liabilities
3.26B3.26B3.98B4.60B4.32B3.05B474.43M464.65M539.81M439.63M225.77M64.17M56.13M42.63M109.73M416.67M1.33B1.50B
Current portion of long term finance
542.69M542.69M542.83M442.01M357.01M0.000.005.23M3.03M4.48M6.19M4.65M0.000.0083.33M416.67M166.67M0.00
Current Portion of deferred revenue
0.000.000.000.000.00361.71M20.50M0.000.000.000.000.000.000.000.000.000.000.00
Short term borrowings
0.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.002.15B
Short term loan from related party - unsecured
0.000.005.52B19.50M37.29M6.12M75.55M17.00K782.00K14.22M669.00K1.76M13.79M91.99M65.50M4.30M37.40M75.05M
Loan from Associated Undertaking
0.000.000.000.000.000.002.33B0.000.000.000.000.000.000.000.000.000.000.00
Accrued mark up
17.68M17.68M304.71M0.000.000.000.000.000.000.000.000.000.000.000.000.000.000.00
Income Tax Payable
0.000.000.000.000.000.000.000.000.00305.13M0.000.000.000.000.000.000.000.00
Unpaid Dividend
0.000.000.00509.80M0.000.000.000.000.000.000.000.000.000.000.000.000.000.00
Unclaimed Dividend
54.30M54.30M50.42M50.67M47.94M47.14M48.04M46.66M22.60M14.58M0.000.000.000.000.000.000.000.00
Trade and other payables
21.81B21.81B17.78B37.80B45.54B23.49B12.33B13.96B41.17B37.65B8.03B8.74B9.86B13.65B8.10B8.06B5.43B3.39B
TOTAL CURRENT LIABILITIES
22.42B22.42B24.20B38.82B45.99B23.91B14.81B14.01B41.20B37.99B8.04B8.74B9.87B13.74B8.25B8.48B5.64B5.61B
Total Liabilities
25.68B25.68B28.18B43.42B50.30B26.96B15.28B14.47B41.74B38.43B8.26B8.81B9.93B13.78B8.36B8.90B6.97B7.11B
Total Equity and Liabilities
49.12B49.12B49.83B62.69B70.26B45.16B31.84B32.10B58.81B51.50B16.20B13.93B12.32B15.15B9.49B10.57B8.95B9.94B
Property, plant and equipment
6.27B6.27B7.58B9.36B7.55B4.00B4.52B4.91B4.99B4.40B2.51B2.82B2.87B3.36B3.26B3.85B4.45B5.19B
Intangible assets
687.61M687.61M881.48M1.09B747.29M186.19M289.01M215.95M305.12M373.09M71.03M71.37M86.43M139.56M56.37M87.02M125.99M195.83M
Capital work-in-progress
481.19M481.19M22.89M7.01M2.36B3.79B97.06M123.49M76.35M199.19M1.20B38.78M81.29M7.86M355.81M11.45M21.81M19.23M
Long term trade debts
1.64B1.64B776.27M481.27M27.22M56.16M117.08M208.96M0.000.000.000.000.000.000.000.000.000.00
Long term loans and advances
215.85M215.85M218.79M343.76M254.56M170.21M213.81M346.96M189.02M107.25M81.55M62.44M52.77M37.19M33.85M33.53M33.90M31.50M
Long term deposits
74.40M74.40M52.80M4.04M4.04M4.04M4.04M4.04M4.04M4.04M4.04M4.04M4.04M4.04M4.04M4.04M4.04M4.04M
Deferred taxation
0.000.000.000.000.000.000.000.000.000.000.00378.31M393.24M1.04B1.15B926.75M802.91M571.21M
TOTAL NON CURRENT ASSETS
9.37B9.37B9.53B11.29B10.95B8.20B5.24B5.81B5.57B5.09B3.87B3.38B3.49B4.59B4.86B4.91B5.43B6.01B
Stock, spare parts and loose tools
235.73M235.73M210.02M235.06M290.26M185.37M194.48M169.00M138.78M134.57M122.95M132.72M116.20M115.65M112.14M106.04M121.37M101.94M
Stock in trade
15.01B15.01B20.47B12.60B22.87B11.65B11.27B8.67B8.21B6.66B4.01B5.52B3.85B4.31B2.85B3.44B2.33B2.95B
Trade debt
7.59B7.59B8.52B944.08M978.73M845.76M868.50M1.12B92.44M49.54M86.24M44.22M0.000.000.000.000.000.00
and other receivables
3.06B3.06B2.81B16.44B15.40B9.35B8.65B10.17B13.14B9.09B1.01B1.49B2.50B2.11B1.58B1.25B978.75M853.22M
Income tax recoverable
8.23B8.23B7.10B6.03B0.000.000.000.000.000.000.000.000.000.000.000.000.000.00
Derivative financial instruments
0.000.000.000.000.000.0042.20M0.000.000.000.000.000.000.000.000.000.000.00
Short term investments
4.94B4.94B0.0014.25B6.80B0.004.05B4.77B20.67B20.94B1.15B0.000.00491.68M0.000.000.000.00
Cash and bank balances
688.75M688.75M1.19B899.07M12.99B14.92B1.52B1.39B10.99B9.54B5.96B3.36B2.35B3.53B82.48M868.74M82.05M20.49M
TOTAL CURRENT ASSETS
39.75B39.75B40.30B51.40B59.32B36.95B26.60B26.30B53.24B46.41B12.34B10.55B8.83B10.56B4.63B5.66B3.51B3.93B
Total Assets
49.12B49.12B49.83B62.69B70.26B45.16B31.84B32.10B58.81B51.50B16.20B13.93B12.32B15.15B9.49B10.57B8.95B9.94B
TTM20252024202320222021202020192018201720162015201420132012201120102009
Sales
75.33B78.07B55.07B95.09B108.05B67.36B55.05B95.13B91.52B62.80B40.09B37.76B39.15B30.27B16.60B22.03B15.85B14.15B
Cost of sales
-69.35B-71.40B-50.56B-87.93B-102.52B-63.59B-50.96B-87.82B-81.07B-53.68B-34.04B-32.99B-36.30B-28.83B-16.64B-21.83B-16.09B-13.97B
Gross profit
5.98B6.66B4.51B7.16B5.53B3.78B4.09B7.30B10.45B9.12B6.05B4.77B2.86B1.45B-44.00M199.31M-239.54M176.50M
Distribution Cost
-967.63M-1.13B-914.88M-902.37M-1.15B-736.97M-667.90M-931.79M-916.91M-542.32M-333.05M-434.26M-340.56M-218.71M-130.55M-139.19M-124.92M-190.09M
Administrative Expenses
-1.71B-1.89B-1.48B-1.32B-1.08B-823.59M-738.76M-800.04M-677.60M-497.27M-351.86M-319.94M-287.03M-201.91M-158.94M-171.73M-136.13M-139.75M
Other income
783.22M988.73M2.25B2.32B2.00B918.48M638.62M1.31B1.88B1.12B309.78M218.98M270.55M213.43M204.46M83.98M26.37M64.84M
Other expenses
-214.36M-315.11M-393.63M-4.93B-984.04M-237.08M-1.05B-1.28B-1.24B-537.52M-485.77M-451.90M-364.89M-524.12M-217.84M-64.94M-58.63M-311.02M
Profit from operations
3.87B4.32B3.97B2.33B4.33B2.90B2.27B5.60B9.49B8.66B5.19B3.79B2.14B715.78M-346.88M-92.57M-532.85M-399.52M
Finance cost
-1.31B-1.04B-1.22B-346.14M-53.26M-116.16M-727.44M-11.19M-14.48M-23.44M-6.99M-18.67M-38.08M-190.97M-151.93M-152.25M-455.13M-222.77M
Profit before taxation
2.56B3.27B2.75B1.98B4.28B2.78B1.55B5.59B9.48B8.64B5.18B3.77B2.10B524.82M-498.80M-244.83M-987.98M-622.28M
Taxation
-161.61M-565.63M-418.85M-1.72B-1.77B-987.42M-865.45M-1.74B-2.98B-2.50B-1.62B-604.66M-1.02B-280.53M-33.41M-53.63M135.78M220.45M
Profit after taxation
2.40B2.71B2.33B260.14M2.51B1.79B681.75M3.85B6.49B6.13B3.56B3.16B1.07B244.29M-532.21M-298.45M-852.20M-401.83M
EPS
16.7818.9716.341.8217.5812.564.7726.9745.4842.9624.9022.157.521.71-3.73-2.09-5.97-2.81
AttachmentsDateTitle
2025-06-02
Transmission of Accounts for the Period Ended March 31, 2025
2025-06-02
Notice of Annual General Meeting
2025-05-22
Financial results for Year ended March 31, 2025
2025-05-13
Board Meeting
2025-04-25
Approval of Budget
2025-04-14
Meeting Other Than Financials
2025-04-11
Material Information - Intimation Regarding Upcoming Launch of HEV Models
2025-03-27
Appointment of CEO and Director
2025-01-28
Transmission of Accounts for the Period Ended December 31, 2024
2025-01-28
Transmission of Accounts for the Period Ended December 31, 2024 - Revoked
2025-01-27
Transaction in Shares
2025-01-23
Financial results for Q3 ended December 31, 2024
2025-01-22
Financial results for Q3 ended December 31, 2024
2025-01-13
Board Meeting
2024-11-28
Transmission of Accounts for the Period Ended September 30, 2024
2024-11-22
Financial results for Q2 ended September 30, 2024
2024-11-11
Board Meeting
2024-10-17
Transaction in Shares
2024-09-30
Appointment of Director
2024-07-29
Transmission of Accounts for the Period Ended June 30, 2024
2024-07-24
Financial results for Q1 ended June 30, 2024
2024-07-22
Corporate Briefing Session
2024-07-12
Board Meeting
2024-07-10
Credit of Dividend
2024-06-27
Extracts of Resolutions Passed in Annual General Meeting
2024-06-06
Notice of Annual General Meeting
2024-06-06
Transmission of Accounts for the Period Ended March 31, 2024
Posting DateInsider Name PositionActionNumber of SharesRateValue (Rs.)Original Filing
2025-01-27
MUHAMMAD NAEEM KHAN
Independent Director
Buy300.00322.9096.87KPDF
2024-10-17
MUHAMMAD SATTAR ANJUM
Senior Management
Sell300.00263.5079.05KPDF
2024-05-17
MUHAMMAD ALI
Senior Management
Buy25.00294.527.36KPDF
2024-05-17
MUHAMMAD ALI
Senior Management
Sell25.00299.847.50KPDF
2024-05-17
MUHAMMAD ALI
Senior Management
Buy97.00319.5030.99KPDF
2024-05-17
MUHAMMAD ALI
Senior Management
Sell97.00319.0030.94KPDF
2023-11-17
MUHAMMAD NAUMAN ALI
Senior Management
Sell900.00175.49157.94KPDF
2023-11-10
IQBAL AHMAD
Senior Management
Sell4.00K179.98719.92KPDF
2023-06-23
MUHAMMAD SATTAR ANJUM
Senior Management
Buy300.0096.4028.92KPDF
2023-06-13
IMRAN NASEEM
Senior Management
Sell400.0099.3539.74KPDF
2021-11-10
IQBAL AHMAD
Senior Management
Buy1.00K226.99226.99KPDF
2021-11-10
IQBAL AHMAD
Senior Management
Buy1.00K231.00231.00KPDF
2021-10-22
MUHAMMAD NAUMAN
Senior Management
Sell1.00K233.60233.60KPDF
2021-09-17
MUHAMMAD NAUMAN
Senior Management
Buy1.00K292.50292.50KPDF
2021-07-12
MUHAMMAD NAUMAN ALI
Senior Management
Buy400.00339.31135.72KPDF
2021-07-06
IQBAL AHMAD
Senior Management
Buy1.50K348.40522.60KPDF
2021-07-06
MUHAMMAD NAUMAN ALI
Senior Management
Buy500.00348.01174.00KPDF
2021-07-06
IQBAL AHMAD
Senior Management
Buy500.00335.00167.50KPDF
Declaration Date: 2025-05-22
Quarter: YEAR
Unconsolidated Sales: 78.07M
Dividend: 8.00
Unconsolidated Pat: 2.71M
Unconsolidated Quarter Eps: 18.97
Ex Date: 2025-06-11
Book Closure Dates: 2025-06-12 - 2025-06-24
PSX Original Filing :Click here for pdf
Declaration Date: 2024-05-27
Quarter: YEAR
Unconsolidated Sales: 55.07M
Dividend: 6.50
Unconsolidated Pat: 2.33M
Unconsolidated Quarter Eps: 16.34
Ex Date: 2024-06-14
Unconsolidated Cumulative Eps: 1.82
Book Closure Dates: 2024-06-17 - 2024-06-27
PSX Original Filing :Click here for pdf
Declaration Date: 2023-05-26
Quarter: YEAR
Unconsolidated Sales: 95.09M
Unconsolidated Pat: 260.14K
Unconsolidated Quarter Eps: 1.82
Ex Date: 2023-06-09
Book Closure Dates: 2023-06-12 - 2023-06-23
PSX Original Filing :Click here for pdf
Declaration Date: 2022-05-26
Quarter: YEAR
Unconsolidated Sales: 108.05M
Dividend: 7.00
Unconsolidated Pat: 2.51M
Unconsolidated Quarter Eps: 17.58
Ex Date: 2022-06-16
Book Closure Dates: 2022-06-17 - 2022-06-29
PSX Original Filing :Click here for pdf
Declaration Date: 2021-05-25
Quarter: YEAR
Unconsolidated Sales: 67.36M
Dividend: 4.52
Unconsolidated Pat: 1.79M
Unconsolidated Quarter Eps: 12.56
Ex Date: 2021-06-17
Book Closure Dates: 2021-06-18 - 2021-06-29
PSX Original Filing :Click here for pdf
Declaration Date: 2020-06-02
Quarter: YEAR
Unconsolidated Sales: 55.05M
Dividend: 1.00
Unconsolidated Pat: 681.75K
Unconsolidated Quarter Eps: 4.77
Ex Date: 2020-07-03
Book Closure Dates: 2020-07-06 - 2020-07-14
PSX Original Filing :Click here for pdf
Declaration Date: 2019-05-20
Quarter: Year
Unconsolidated Sales: 95.13M
Dividend: 12.15
Unconsolidated Pat: 3.85M
Unconsolidated Quarter Eps: 26.97
Ex Date: 2019-06-16
Book Closure Dates: 2019-06-19 - 2019-06-27
PSX Original Filing :Click here for pdf
Declaration Date: null
Quarter: YEAR
Unconsolidated Sales: 91.52M
Dividend: 22.75
Unconsolidated Pat: 6.49M
Unconsolidated Quarter Eps: 45.48
Ex Date: 2018-06-17
Book Closure Dates: 2018-06-18 - 2018-06-28
PSX Original Filing :Click here for pdf
Declaration Date: null
Quarter: Q1
Unconsolidated Sales: 21.06M
Dividend: 4.18
Unconsolidated Pat: 2.09M
Unconsolidated Quarter Eps: 14.61
Ex Date: 2017-08-09
Book Closure Dates: 2017-08-09 - 2017-08-15
PSX Original Filing :Click here for pdf
Declaration Date: null
Quarter: YEAR
Unconsolidated Sales: 62.80M
Dividend: 13.00
Unconsolidated Pat: 6.13M
Unconsolidated Quarter Eps: 42.96
Ex Date: 2017-06-14
Book Closure Dates: 2017-06-15 - 2017-06-23
PSX Original Filing :Click here for pdf
Declaration Date: null
Quarter: YEAR
Unconsolidated Sales: 40.09M
Dividend: 7.00
Unconsolidated Pat: 3.56M
Unconsolidated Quarter Eps: 24.90
Ex Date: 2016-07-08
Book Closure Dates: 2016-07-09 - 2016-07-19
PSX Original Filing :Click here for pdf
Declaration Date: null
Quarter: YEAR
Unconsolidated Sales: 37.76M
Dividend: 5.00
Unconsolidated Pat: 3.16M
Unconsolidated Quarter Eps: 22.15
Ex Date: 2015-06-16
Book Closure Dates: 2015-06-17 - 2015-06-26
PSX Original Filing :Click here for pdf
Declaration Date: null
Quarter: YEAR
Unconsolidated Sales: 39.15M
Dividend: 3.00
Unconsolidated Pat: 1.07M
Unconsolidated Quarter Eps: 7.52
Ex Date: 2014-06-16
Book Closure Dates: 2014-06-17 - 2014-06-26
PSX Original Filing :Click here for pdf
Declaration Date: 2020-01-23
Quarter: Q3
Unconsolidated Sales: 9.86M
Unconsolidated Pat: -41.25K
Unconsolidated Quarter Eps: 0.29
Unconsolidated Cumulative Eps: 4.97
PSX Original Filing :Click here for pdf
Declaration Date: null
Quarter: Q1
Unconsolidated Sales: 17.88M
Unconsolidated Pat: 241.72K
Unconsolidated Quarter Eps: 1.69
PSX Original Filing :Click here for pdf
Declaration Date: 2019-11-14
Quarter: Q2
Unconsolidated Sales: 11.65M
Unconsolidated Pat: 509.70K
Unconsolidated Quarter Eps: 3.57
Unconsolidated Cumulative Eps: 5.26
PSX Original Filing :Click here for pdf
Declaration Date: 2020-07-24
Quarter: Q1
Unconsolidated Sales: 6.51M
Unconsolidated Pat: -511.03K
Unconsolidated Quarter Eps: -3.58
PSX Original Filing :Click here for pdf
Declaration Date: 2020-11-18
Quarter: Q2
Unconsolidated Sales: 20.43M
Unconsolidated Pat: 656.88K
Unconsolidated Quarter Eps: 4.60
Unconsolidated Cumulative Eps: 1.02
PSX Original Filing :Click here for pdf
Declaration Date: 2021-01-27
Quarter: Q3
Unconsolidated Sales: 17.65M
Unconsolidated Pat: 751.80K
Unconsolidated Quarter Eps: 5.26
Unconsolidated Cumulative Eps: 6.29
PSX Original Filing :Click here for pdf
Declaration Date: null
Quarter: Q1
Unconsolidated Sales: 11.37M
Unconsolidated Pat: 1.09M
Unconsolidated Quarter Eps: 7.60
PSX Original Filing :Click here for pdf
Declaration Date: null
Quarter: Q3
Unconsolidated Sales: 5.89M
Unconsolidated Pat: 358.49K
Unconsolidated Quarter Eps: 2.51
Unconsolidated Cumulative Eps: 11.03
PSX Original Filing :Click here for pdf
Declaration Date: null
Quarter: Q2
Unconsolidated Sales: 8.09M
Unconsolidated Pat: 586.46K
Unconsolidated Quarter Eps: 4.11
Unconsolidated Cumulative Eps: 8.52
PSX Original Filing :Click here for pdf
Declaration Date: null
Quarter: Q1
Unconsolidated Sales: 11.29M
Unconsolidated Pat: 629.94K
Unconsolidated Quarter Eps: 4.41
PSX Original Filing :Click here for pdf
Declaration Date: null
Quarter: null
Dividend: 0.25
Book Closure Dates: 2013-06-17 - 2013-06-27
PSX Original Filing :Click here for pdf
Declaration Date: null
Quarter: Q2
Unconsolidated Sales: 9.65M
Unconsolidated Pat: 726.08K
Unconsolidated Quarter Eps: 12.68
Unconsolidated Cumulative Eps: 5.08
PSX Original Filing :Click here for pdf
Declaration Date: null
Quarter: Q3
Unconsolidated Sales: 6.88M
Unconsolidated Pat: 611.93K
Growth In Pat: -15.72
Unconsolidated Quarter Eps: 4.29
Unconsolidated Cumulative Eps: 16.97
PSX Original Filing :Click here for pdf
Declaration Date: 2016-05-16
Quarter: null
Datetime: 2016-05-16, 03:00 PM
Location: Karachi
PSX Original Filing :Click here for pdf
Declaration Date: null
Quarter: null
Datetime: 2016-07-19, 10:30 AM
Location: Lahore
PSX Original Filing :Click here for pdf
Declaration Date: 2016-07-26
Quarter: null
Datetime: 2016-07-26, 11:00 AM
Location: Karachi
PSX Original Filing :Click here for pdf
Declaration Date: null
Quarter: Q1
Unconsolidated Sales: 10.53M
Unconsolidated Pat: 1.05M
Unconsolidated Quarter Eps: 7.36
PSX Original Filing :Click here for pdf
Declaration Date: 2016-11-15
Quarter: null
Datetime: 2016-11-15, 11:00 AM
Location: Karachi
Period: 2QFY16
PSX Original Filing :Click here for pdf
Declaration Date: null
Quarter: Q2
Unconsolidated Sales: 15.48M
Unconsolidated Pat: 1.47M
Unconsolidated Quarter Eps: 10.32
PSX Original Filing :Click here for pdf
Declaration Date: 2017-01-25
Quarter: null
Datetime: 2017-01-25, 02:30 PM
Location: Karachi
Period: 3QFY17
PSX Original Filing :Click here for pdf
Declaration Date: null
Quarter: Q3
Unconsolidated Sales: 15.71M
Unconsolidated Pat: 1.49M
Unconsolidated Quarter Eps: 10.45
Unconsolidated Cumulative Eps: 28.12
PSX Original Filing :Click here for pdf
Declaration Date: 2017-04-10
Quarter: null
Datetime: 2017-04-10, 11:00 AM
Location: Karachi
PSX Original Filing :Click here for pdf
Declaration Date: 2017-05-30
Quarter: null
Datetime: 2017-05-30, 11:00 AM
Location: Karachi
Period: FY16
PSX Original Filing :Click here for pdf
Declaration Date: 2017-07-25
Quarter: null
Datetime: 2017-07-25, 11:00 AM
Location: Karachi
Period: 1QFY18
PSX Original Filing :Click here for pdf
Declaration Date: null
Quarter: null
Datetime: 2017-11-22, 11:00 AM
Location: Karachi
Period: 2QFY18
PSX Original Filing :Click here for pdf
Declaration Date: null
Quarter: Q2
Unconsolidated Sales: 22.89M
Unconsolidated Pat: 1.62M
Unconsolidated Quarter Eps: 11.33
PSX Original Filing :Click here for pdf
Declaration Date: null
Quarter: null
Datetime: 2018-01-23, 11:00 AM
Location: Karachi
Period: 3QFY18
PSX Original Filing :Click here for pdf
Declaration Date: null
Quarter: Q3
Unconsolidated Sales: 21.80M
Unconsolidated Pat: 1.42M
Unconsolidated Quarter Eps: 9.92
Unconsolidated Cumulative Eps: 35.86
PSX Original Filing :Click here for pdf
Declaration Date: null
Quarter: null
Datetime: 2018-04-12, 11:00 AM
Location: Karachi
PSX Original Filing :Click here for pdf
Declaration Date: null
Quarter: null
Datetime: 2018-05-15, 11:00 AM
Location: Karachi
Period: FY18
PSX Original Filing :Click here for pdf
Declaration Date: null
Quarter: null
Datetime: 2018-07-28, 11:00 AM
Location: Karachi
Period: 1QFY18
PSX Original Filing :Click here for pdf
Declaration Date: null
Quarter: Q1
Unconsolidated Sales: 23.85M
Unconsolidated Pat: 1.05M
Unconsolidated Quarter Eps: 7.36
PSX Original Filing :Click here for pdf
Declaration Date: null
Quarter: null
Datetime: 2018-11-12, 11:00 AM
Location: Karachi
Period: 2QFY18
PSX Original Filing :Click here for pdf
Declaration Date: null
Quarter: Q2
Unconsolidated Sales: 25.82M
Unconsolidated Pat: 1.03M
Unconsolidated Quarter Eps: 7.22
Unconsolidated Cumulative Eps: 14.57
PSX Original Filing :Click here for pdf
Declaration Date: 2019-01-24
Quarter: null
Datetime: 2019-01-24, 11:00 AM
Location: Karachi
Period: 3QFY19
PSX Original Filing :Click here for pdf
Declaration Date: null
Quarter: Q3
Unconsolidated Sales: 21.29M
Unconsolidated Pat: 601.60K
Unconsolidated Quarter Eps: 4.21
Unconsolidated Cumulative Eps: 18.78
PSX Original Filing :Click here for pdf
Declaration Date: 2019-04-11
Quarter: null
Datetime: 2019-04-11, 09:00 AM
Location: Karachi
PSX Original Filing :Click here for pdf
Declaration Date: 2019-05-20
Quarter: null
Datetime: 2019-05-20, 09:00 AM
Location: Karachi
Period: FY19
PSX Original Filing :Click here for pdf
Declaration Date: 2019-07-23
Quarter: null
Datetime: 2019-07-23, 11:00 AM
Location: Karachi
Period End Date: 2019-06-30
Agenda: 1st Quarter
PSX Original Filing :Click here for pdf
Declaration Date: 2019-11-14
Quarter: null
Datetime: 2019-11-14, 11:00 AM
Location: Karachi
Period End Date: 2019-09-30
Agenda: half yearly
PSX Original Filing :Click here for pdf
Declaration Date: 2020-01-23
Quarter: null
Datetime: 2020-01-23, 11:00 AM
Location: Karachi
Period End Date: 2019-12-31
Agenda: 3rd Quarter
PSX Original Filing :Click here for pdf
Declaration Date: 2020-06-02
Quarter: null
Datetime: 2020-06-02, 09:00 AM
Location: Vidoe Link (Zoom)
Period End Date: 2020-03-31
Agenda: Annual
PSX Original Filing :Click here for pdf
Declaration Date: 2020-07-24
Quarter: null
Datetime: 2020-07-24, 11:00 AM
Location: Video Link
Period End Date: 2020-06-30
Agenda: 1st Quarter
PSX Original Filing :Click here for pdf
Declaration Date: 2020-11-18
Quarter: null
Datetime: 2020-11-18, 11:00 AM
Location: Video Link
Period End Date: 2020-09-30
PSX Original Filing :Click here for pdf
Declaration Date: 2021-01-27
Quarter: null
Datetime: 2021-01-27, 11:30 AM
Location: through Video link
Period End Date: 2020-12-31
Agenda: Quarterly
PSX Original Filing :Click here for pdf
Declaration Date: 2021-04-05
Quarter: null
Datetime: 2021-04-05, 11:00 AM
Location: Video Link
Meeting Agenda: Operational Matters
PSX Original Filing :Click here for pdf
Declaration Date: 2021-04-27
Quarter: null
Datetime: 2021-04-27, 10:30 AM
Location: Lahore
PSX Original Filing :Click here for pdf
Declaration Date: 2021-04-13
Quarter: null
Datetime: 2021-04-13, 09:00 AM
Location: via Video link
Meeting Agenda: to approve Annual Budget for the year 2021-22
PSX Original Filing :Click here for pdf
Declaration Date: 2021-04-05
Quarter: null
Datetime: 2021-04-05,11:00AM
PSX Original Filing :Click here for pdf
Declaration Date: 2021-05-25
Quarter: null
Datetime: 2021-05-25, 09:00 AM
Location: via Video link
Period End Date: 2021-03-31
Agenda: Annual
PSX Original Filing :Click here for pdf
Declaration Date: 2021-06-29
Quarter: null
Datetime: 2021-06-29, 10:30 AM
Location: Lahore
Agenda: Annual
PSX Original Filing :Click here for pdf
Declaration Date: 2021-07-29
Quarter: null
Datetime: 2021-07-29, 11:30 AM
Location: through Video link
Period End Date: 2021-06-30
Agenda: Quarterly
PSX Original Filing :Click here for pdf
Declaration Date: 2021-07-29
Quarter: Q1
Unconsolidated Sales: 21.76M
Unconsolidated Pat: 928.22K
Unconsolidated Quarter Eps: 6.50
PSX Original Filing :Click here for pdf
Declaration Date: 2021-11-17
Quarter: null
Datetime: 2021-11-17, 11:30 AM
Location: through Video link
Period End Date: 2021-09-30
Agenda: Half Yearly
PSX Original Filing :Click here for pdf
Declaration Date: 2021-11-17
Quarter: Q2
Unconsolidated Sales: 25.98M
Unconsolidated Pat: 939.21K
Unconsolidated Quarter Eps: 6.58
Unconsolidated Cumulative Eps: 13.08
PSX Original Filing :Click here for pdf
Declaration Date: 2022-01-25
Quarter: null
Datetime: 2022-01-25, 11:30 AM
Location: through Video link
Period End Date: 2021-12-31
Agenda: Quarterly Accounts
PSX Original Filing :Click here for pdf
Declaration Date: null
Quarter: Q3
Unconsolidated Sales: 29.54M
Unconsolidated Pat: 445.94K
Unconsolidated Quarter Eps: 3.12
Unconsolidated Cumulative Eps: 16.20
PSX Original Filing :Click here for pdf
Declaration Date: 2022-03-22
Quarter: null
Datetime: 2022-03-22, 10:00 AM
Location: Karachi
Meeting Agenda: To approve Annual Budget for the year 2022-23
PSX Original Filing :Click here for pdf
Declaration Date: 2022-05-26
Quarter: null
Datetime: 2022-05-26, 09:00 AM
Location: Karachi
Period End Date: 2022-03-31
Agenda: Annual Accounts
PSX Original Filing :Click here for pdf
Declaration Date: 2022-06-29
Quarter: null
Datetime: 2022-06-29, 11:00 AM
Location: Lahore
PSX Original Filing :Click here for pdf
Declaration Date: 2022-07-26
Quarter: null
Datetime: 2022-07-26, 11:30 AM
Location: Karachi
Period End Date: 2022-06-30
Agenda: Quarterly
PSX Original Filing :Click here for pdf
Declaration Date: 2022-07-26
Quarter: Q1
Unconsolidated Sales: 30.25M
Unconsolidated Pat: 658.20K
Unconsolidated Quarter Eps: 4.61
PSX Original Filing :Click here for pdf
Declaration Date: 2022-11-16
Quarter: null
Datetime: 2022-11-16, 11:30 AM
Location: Honda Factory Lahore
Period End Date: 2022-09-30
Agenda: Half yearly
PSX Original Filing :Click here for pdf
Declaration Date: 2022-11-16
Quarter: Q2
Unconsolidated Sales: 19.55M
Unconsolidated Pat: -385.29K
Unconsolidated Quarter Eps: -2.70
Unconsolidated Cumulative Eps: 1.91
PSX Original Filing :Click here for pdf
Declaration Date: 2023-01-26
Quarter: null
Datetime: 2023-01-26, 11:00 AM
Location: Karachi
Period End Date: 2022-12-31
Agenda: Quarterly
PSX Original Filing :Click here for pdf
Declaration Date: 2023-01-26
Quarter: Q3
Unconsolidated Sales: 22.95M
Unconsolidated Pat: 810.83K
Unconsolidated Quarter Eps: 5.68
Unconsolidated Cumulative Eps: 7.59
PSX Original Filing :Click here for pdf
Declaration Date: 2023-05-26
Quarter: null
Datetime: 2023-05-26, 11:00 AM
Location: Karachi
Period End Date: 2023-03-31
Agenda: Annual Accounts
PSX Original Filing :Click here for pdf
Declaration Date: 2023-06-23
Quarter: null
Datetime: 2023-06-23, 11:00 AM
Location: Lahore
PSX Original Filing :Click here for pdf
Declaration Date: 2023-07-25
Quarter: null
Datetime: 2023-07-25, 11:00 AM
Location: Karachi
Period End Date: 2023-06-30
Agenda: Quarterly Accounts
PSX Original Filing :Click here for pdf
Declaration Date: 2023-07-25
Quarter: Q1
Unconsolidated Sales: 3.77M
Unconsolidated Pat: 144.96K
Unconsolidated Quarter Eps: 1.02
PSX Original Filing :Click here for pdf
Declaration Date: 2023-11-22
Quarter: null
Datetime: 2023-11-22, 11:00 AM
Location: Lahore
Period End Date: 2023-09-30
Agenda: Quarterly
PSX Original Filing :Click here for pdf
Declaration Date: 2023-11-22
Quarter: Q2
Unconsolidated Sales: 13.96M
Unconsolidated Pat: 675.34K
Unconsolidated Quarter Eps: 4.73
Unconsolidated Cumulative Eps: 5.74
PSX Original Filing :Click here for pdf
Declaration Date: 2024-01-24
Quarter: null
Datetime: 2024-01-24, 11:00 AM
Location: Karachi
Period End Date: 2023-12-31
Agenda: Quarterly
PSX Original Filing :Click here for pdf
Declaration Date: 2024-01-24
Quarter: Q3
Unconsolidated Sales: 12.43M
Unconsolidated Pat: 143.25K
Unconsolidated Quarter Eps: 1.00
Unconsolidated Cumulative Eps: 6.75
PSX Original Filing :Click here for pdf
Declaration Date: 2024-04-25
Quarter: null
Datetime: 2024-04-25, 11:00 AM
Location: Lahore
PSX Original Filing :Click here for pdf
Declaration Date: 2024-04-24
Quarter: null
Datetime: 2024-04-24, 10:00 AM
Location: Lahore
Meeting Agenda: Matter Other Than Financials
PSX Original Filing :Click here for pdf
Declaration Date: 2024-05-27
Quarter: null
Datetime: 2024-05-27, 11:00 AM
Location: Lahore
Period End Date: 2024-03-31
Agenda: Annual
PSX Original Filing :Click here for pdf
Declaration Date: 2024-06-27
Quarter: null
Datetime: 2024-06-27, 11:30 AM
Location: Lahore
PSX Original Filing :Click here for pdf
Declaration Date: 2024-07-24
Quarter: null
Datetime: 2024-07-24, 11:00 AM
Location: Karachi
Period End Date: 2024-06-30
Agenda: Quarterly Accounts
PSX Original Filing :Click here for pdf
Declaration Date: 2024-07-24
Quarter: Q1
Unconsolidated Sales: 15.97M
Unconsolidated Pat: 202.63K
Unconsolidated Quarter Eps: 1.42
Unconsolidated Cumulative Eps: 1.02
PSX Original Filing :Click here for pdf
Declaration Date: 2024-11-22
Quarter: null
Datetime: 2024-11-22, 11:00 AM
Location: Karachi
Period End Date: 2024-09-30
Agenda: Half Yearly Accounts
PSX Original Filing :Click here for pdf
Declaration Date: 2024-11-22
Quarter: Q2
Unconsolidated Sales: 16.60M
Unconsolidated Pat: 257.74K
Unconsolidated Quarter Eps: 1.80
Unconsolidated Cumulative Eps: 3.22
PSX Original Filing :Click here for pdf
Declaration Date: 2025-01-22
Quarter: null
Datetime: 2025-01-22, 11:00 AM
Location: Karachi
Period End Date: 2024-12-31
Agenda: Quarterly Accounts
PSX Original Filing :Click here for pdf
Declaration Date: 2025-01-22
Quarter: Q3
Unconsolidated Sales: 17.85M
Unconsolidated Pat: 566.40K
Unconsolidated Quarter Eps: 3.97
Unconsolidated Cumulative Eps: 7.19
PSX Original Filing :Click here for pdf
Declaration Date: null
Quarter: Q3
Unconsolidated Sales: 17.85M
Unconsolidated Pat: 566.40K
Unconsolidated Quarter Eps: 3.97
Unconsolidated Cumulative Eps: 7.19
PSX Original Filing :Click here for pdf
Declaration Date: 2025-04-25
Quarter: null
Datetime: 2025-04-25, 10:30 AM
Location: Karachi
Meeting Agenda: Meeting Other Than Financials
PSX Original Filing :Click here for pdf
Declaration Date: 2025-05-22
Quarter: null
Datetime: 2025-05-22, 11:00 AM
Location: Karachi
Period End Date: 2025-03-31
Agenda: Annual
PSX Original Filing :Click here for pdf
Declaration Date: 2025-06-24
Quarter: null
Datetime: 2025-06-24, 12:00 PM
Location: Lahore
Period End Date: 2025-03-31
PSX Original Filing :Click here for pdf