📈 PTL: BUY Signal (8/10) – Transmission of Quarterly Report for the period ended September 30, 2025

📌 Key Takeaways

• 🚀 Net sales increased by 11% to PKR 8,918 million in Q1 2025, up from PKR 8,021 million in Q1 2024.
• 📈 Gross profit significantly improved to PKR 1,341 million, compared to PKR 924 million in the prior year’s quarter.
• 💰 Gross margin increased to 15% due to lower raw material costs and better operational efficiency.
• 💸 Selling and distribution expenses rose by PKR 82 million to support higher sales volumes.
• 🏢 Administrative and general expenses remained controlled at PKR 128 million.
• 📉 Financial charges decreased from PKR 506 million to PKR 338 million due to lower interest rates and efficient fund management.
• ✅ Profit after tax sharply increased to PKR 283 million, a significant rise from PKR 68 million.
• ⭐ Earnings per share (EPS) grew to PKR 1.68, up from PKR 0.41 in the same period last year.
• 🌎 Company experiences strong demand in both domestic and export markets.
• 🛠️ Strategic emphasis continues on enhancing operational efficiency and strengthening brand equity.
• 🌱 Continued investment in quality, innovation, and productivity improvements is prioritized.
• 🏦 Short term financing is secured with rates between 9.00% and 12.64%.
• 📜 Contingent liabilities remained consistent with the previous year.
• 🤝 The company has commitments against letters of credit for machinery and raw materials.
• ✨ Stock of finished goods manufactured has been written down to net realizable value by Rs. Nil

🎯 Investment Thesis

BUY. Panther Tyres’ strong Q1 2025 performance, characterized by significant revenue and profit growth, combined with improved operational efficiencies and financial discipline, suggests a promising investment opportunity. With continued strategic emphasis on efficiency, brand equity, and innovation, the company is poised for sustained growth. Price Target: PKR 75. Time Horizon: Medium Term.