$BGL Baluchistan Glass Ltd. (BGL): FY25 Analyst Briefing Takeaways – By AKD Research
$BGL
Baluchistan Glass Limited
Rs. 11.36
-2.82%
- Company posted a loss of PkR713mn (LPS: PkR1.85) in FY25 vs PkR509mn (LPS: PkR1.94) in SPLY. Management attributed the loss to: i) 6.5 month production shutdown, ii) elevated raw material and energy costs (fuel and energy: 40% of COGS), and iii) higher financing cost due to an increase in short-term borrowings.
- Company operates three manufacturing facilities with a combined capacity of 375 TPD; however, none of these are currently operational. Sales mix includes tableware, pharmaceutical, and container-ware glass, with all plants designed for multi-purpose production.
- Company achieved financial restructuring through issuance of 376.9mn new shares to MMM Holding Ltd against its outstanding loans, through by way of other than right offer. This transaction increased paid-up capital from PkR2.6bn to PkR6.3bn, raising MMM Holding’s stake to 93.59% (FY24: 84.34%).