Millat Tractors posts 40% decline in annual profit

Revenue drop and higher finance costs hit FY25 earnings


KARACHI: Millat Tractors Limited (PSX: MTL) reported a net profit after tax of Rs6.32 billion for the year ended June 30, 2025, down 40.55% from Rs10.64 billion in FY24.

The decline came amid a sharp 43.85% drop in revenue from contracts with customers to Rs53.35 billion, compared to Rs95.02 billion in the previous fiscal year. This contraction translated into a gross profit of Rs14.41 billion, down 39.90% from Rs23.97 billion in FY24.

Despite reductions in distribution, marketing, and other operating expenses, Millat Tractors’ operating profit fell 46.77% to Rs10.32 billion. Finance costs surged 60.05% to Rs2.21 billion, further weighing on the bottom line.

Earnings per share (EPS) stood at Rs31.70, down 41.70% from Rs54.37 in FY24. The company’s financial results reflect a challenging year for the tractor manufacturer, marked by lower sales and increased financing pressures.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Must Read

Chinese firm requests PM to reinstate 700 MW Azad Pattan power...

Exclusion from IGCEP will jeopardise bank financing under CPEC, undermines investor confidence, and disrupts the near-final financial closing, warns CEO of China Energy Engineering CorporationÂ