📈 AHTM: BUY Signal (8/10) – Financial Results for the Year Ended June 30, 2025

📌 Key Takeaways

• 💰 Revenue from contracts with customers increased to Rs. 5,626.43 million, up from Rs. 5,078.31 million in 2024.
• 📈 Gross profit surged to Rs. 429.76 million compared to Rs. 306.63 million in the previous year.
• 🚀 Profit after taxation jumped to Rs. 94.20 million, a substantial increase from Rs. 40.66 million in 2024.
• ⭐ Earnings per share (EPS) rose to Rs. 11.12 from Rs. 4.80 in the prior year.
• 💸 The Board recommended a final cash dividend of Rs. 1.50 per share (15%).
• 📊 Selling and distribution expenses decreased to Rs. 26.07 million from Rs. 33.03 million in 2024.
• 🏢 Administrative expenses increased to Rs. 84.07 million compared to Rs. 75.50 million in 2024.
• 📉 Finance costs increased to Rs. 161.37 million from Rs. 132.40 million year-over-year.
• ✅ Profit before income tax increased to Rs. 104.49 million from Rs. 55.67 million in the previous year.
• 🧾 Total assets increased to Rs. 4,455.89 million from Rs. 3,903.42 million.
• ✔️ Non-current assets increased to Rs. 2,406.19 million from Rs. 1,718.74 million.
• ✔️ Current assets decreased slightly to Rs. 2,049.69 million from Rs. 2,184.68 million.
• 📉 Short term borrowings decreased significantly to Rs. 282.22 million from Rs. 699.13 million.
• 📅 The Annual General Meeting will be held on October 28, 2025.

🎯 Investment Thesis

AHTM is a **BUY**. The company has demonstrated strong financial performance in fiscal year 2025, with significant growth in revenue, profitability, and EPS. The recommended dividend payout is attractive. The current stock price does not fully reflect the improved financial performance, suggesting upside potential. The price target is Rs. 110 based on a conservative P/E ratio of 10x the EPS of Rs. 11.12. The time horizon is MEDIUM_TERM (12-18 months).