⚡ Flash Summary

Dadabhoy Cement Industries Limited (DBCI) reported an operating loss of PKR 5.509 million for the three months ended September 30, 2025, compared to a loss of PKR 4.583 million in the same period last year. The company experienced a net loss after taxation of PKR 3.122 million, a stark contrast to the profit of PKR 0.680 million in the corresponding period of 2024. This financial performance reflects ongoing challenges, with management focusing on developing strategic and financial plans for future growth.

📌 Key Takeaways

• 📉 DBCI reported an operating loss of PKR 5.509 million for the quarter ended September 30, 2025.
• 📉 Net loss after taxation stood at PKR 3.122 million, a significant decline from a profit of PKR 0.680 million in the same quarter of 2024.
• ⛔ Loss per share amounted to PKR (0.03) compared to earnings per share of PKR 0.01 in the prior year.
• 💼 Administrative expenses remained consistent at PKR 5.509 million.
• 💹 Other income was PKR 2.386 million, substantially lower than PKR 5.262 million in the prior year.
• 💸 Cash outflow before working capital changes amounted to PKR (2.882) million.
• Investments in Dadabhoy Energy Supply Company Limited (DESCL) remained at PKR 118.264 million.
• Assets: Property, plant, and equipment increased slightly from PKR 4.627 million to PKR 4.857 million.
• Assets: Total assets decreased marginally from PKR 240.805 million to PKR 237.130 million.
• Equity: Shareholders’ equity decreased from PKR 232.824 million to PKR 229.702 million.
• Liabilities: Total liabilities decreased slightly from PKR 7.981 million to PKR 7.429 million.

🎯 Investment Thesis

Given DBCI’s current financial distress and negative performance trends, a SELL recommendation is warranted. The company’s inability to generate profits and persistent losses make it an unattractive investment in the short to medium term. There is a risk of further equity dilution and potential bankruptcy.