Engro Fertilizers Limited (EFERT): 4QCY24 EPS clocked in at PKR7.70 – Below expectation - By Insight Research

<p></p><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">EFERT has announced its 4QCY24 result, wherein company has posted consolidated PAT of PKR10.3bn (EPS: PKR7.70) vs. PAT of PKR11.1bn (EPS: PKR8.32) in SPLY. The result is below our expectation mainly due to higher than expected selling and distribution expense.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Revenue for the quarter clocked in at PKR84.8bn vs. PKR75.2bn in SPLY, mainly attributable to higher offtakes coupled with increase in urea prices.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Gross margins decreased by ~3.8ppts YoY, to clock in at ~35% attributable to higher gas prices.</span> </li></ul>