⚡ Flash Summary
DS Industries Limited reported financial results for the year ended June 30, 2025. The company experienced a significant decrease in sales, from PKR 29.17 million in 2024 to PKR 3.78 million in 2025, leading to a gross loss of PKR 0.11 million compared to a gross profit of PKR 7.90 million in the previous year. Despite the drop in sales, the company managed to achieve a profit after taxation of PKR 5.25 million, a turnaround from a loss of PKR 3.46 million in 2024, primarily due to share of profit of associates and other income. The earnings per share improved to PKR 0.06 from a loss per share of PKR 0.04 in the previous year.
📌 Key Takeaways
- 📉 Sales plummeted from PKR 29.17 million in 2024 to PKR 3.78 million in 2025.
- 💔 Gross profit turned into a gross loss of PKR 0.11 million compared to a profit of PKR 7.90 million in the previous year.
- 💰 Other income significantly contributed, amounting to PKR 11.37 million in 2025.
- 🤝 Share of profit of associates was substantial at PKR 8.51 million.
- ✅ Profit after taxation improved to PKR 5.25 million from a loss of PKR 3.46 million in 2024.
- ⬆️ Earnings per share increased to PKR 0.06 from a loss per share of PKR 0.04.
- 🏦 Finance costs increased from PKR 0.38 million to PKR 0.79 million.
- ⚠️ Operating loss was PKR 2.08 million in 2025.
- 🧾 Administrative and selling expenses decreased from PKR 26.11 million to PKR 13.34 million.
- ✔️ The auditor has qualified its report regarding the recognition of deferred tax assets.
- 🚫 No cash dividend, bonus shares, or right shares were recommended.
- 📅 Annual General Meeting will be held on October 28, 2025.
- ⬇️ Non-current assets increased from PKR 170.11 million to PKR 174.24 million.
🎯 Investment Thesis
HOLD: Given the uncertainty around revenue sustainability and dependence on other income, a HOLD recommendation is appropriate. Investors should monitor the company’s ability to generate revenue before reconsidering.
Disclaimer: AI-generated analysis. Not financial advice.