⚡ Flash Summary
Attock Petroleum Limited (APL) reported a decrease in net sales revenue by 10% to Rs. 474 billion for the year ended June 30, 2025, compared to Rs. 526 billion in 2024. Sales volume also fell by 3% due to lower demand for Furnace Fuel Oil and Bitumen, impacting gross profit which declined by 15%. The company’s profit after tax decreased by 25% to Rs. 10 billion. Market share decreased from 10.2% to 9% and EPS fell by 25% to Rs. 83.53.
📌 Key Takeaways
- 📉 Net sales revenue decreased by 10% from Rs. 526 billion to Rs. 474 billion.
- 📉 Sales volume fell by 3% due to reduced demand for Furnace Fuel Oil and Bitumen.
- 📉 Gross profit declined by 15% due to lower sales volume.
- 📉 Profit after tax decreased by 25% to Rs. 10 billion.
- 📉 APL’s sales volume decreased by 3% from 1.605 million tons to 1.551 million tons.
- 📉 Average selling price decreased by 8% from Rs. 316,585 to Rs. 292,172 per M.Ton.
- 📉 Gross sales revenue decreased by 10% from Rs. 538,095 million to Rs. 482,429 million.
- 📉 Gross profit decreased by 15% from Rs. 22,042 million to Rs. 18,829 million.
- 📉 Net profit decreased by 25% from Rs. 13,822 million to Rs. 10,393 million.
- 📉 Earnings per share decreased by 25% from Rs. 111.09 to Rs. 83.53.
- 📊 Market share decreased from 10.2% to 9%.
- ⛽ Industry sales volume increased by 6% from 15.758 million tons to 16.696 million tons.
🎯 Investment Thesis
Based on the financial performance and risk assessment, a SELL recommendation is appropriate for APL. The company’s declining revenue, profitability, and EPS, coupled with operational and market risks, make it an unattractive investment. A price target of Rs. 400 with a time horizon of 12 months is justified, reflecting the reduced financial performance and potential downside risks. The recent drop in EPS shows the decrease in the earnings.
Disclaimer: AI-generated analysis. Not financial advice.