⚡ Flash Summary

Berger Paints Pakistan Limited’s financial results for the quarter ended September 30, 2025, reveal a mixed performance. Revenue slightly increased to PKR 2,124.37 million from PKR 2,117.55 million in the same quarter last year. However, profit after taxation decreased to PKR 69.299 million from PKR 77.057 million. The company did not announce any cash dividend, bonus issue, or right shares.

📌 Key Takeaways

• Revenue increased slightly by 0.32% to PKR 2,124.37 million compared to PKR 2,117.55 million.📈
• Gross profit decreased by 2.34% to PKR 465.19 million from PKR 476.37 million.📉
• Selling and distribution expenses increased by 14.19% to PKR 253.01 million.⬆️
• Administrative and general expenses increased by 9.33% to PKR 63.77 million.⬆️
• Other operating expenses increased by 18.76% to PKR 8.72 million.⬆️
• Profit from operations decreased by 26.13% to PKR 139.69 million.📉
• Finance cost decreased by 38.20% to PKR 43.80 million.📉
• Profit before income tax and levy decreased by 10.06% to PKR 111.78 million.📉
• Taxation decreased by 10.06% to PKR 42.48 million.📉
• Profit after taxation for the period decreased by 10.06% to PKR 69.30 million.📉
• Earnings per share (basic and diluted) decreased to PKR 2.82 from PKR 3.14.📉
• No cash dividend, bonus issue, or right shares were announced.❌
• Cash and cash equivalents decreased to PKR -721.83 million. 📉
• Net cash generated from operating activities increased to PKR 320.50 million. ⬆️

🎯 Investment Thesis

Given the decline in profitability and mixed financial performance, a HOLD recommendation is appropriate. Further analysis is needed to understand the reasons behind the increased operating expenses and reduced margins. A potential price target could be set based on future earnings projections, but until there is evidence of improved profitability, the outlook is neutral.