⚡ Flash Summary
ICCI Industries Ltd. reported financials for the year ended June 2025. The company has shifted focus from textiles to real estate and warehousing. Revenue decreased slightly to Rs. 50.148 million from Rs. 52.974 million in 2024. The company suffered an after-tax loss of Rs. 16.538 million, compared to a loss of Rs. 11.648 million in the previous year.
📌 Key Takeaways
- 🏭 ICC Industries transitioned from textiles to real estate and warehousing in Feb 2020.
- 🗓️ Financials are for the year ended June 2025.
- 🏢 Company has a significant land area in Sundar, Lahore.
- 📉 Revenue decreased from Rs. 52.974 million to Rs. 50.148 million.
- 📉 After-tax loss increased from Rs. 11.648 million to Rs. 16.538 million.
- 🏢 Decrease in fair value of investment property impacted earnings (-Rs. 4.3 M).
- 💸 Admin expenses increased due to enhanced minimum wage requirements (Rs. 2.3 M).
- 🤝 Sponsors injected Rs. 3.0 M in interest-free loans to meet working capital needs.
- 💸 Minimum wage enhanced from Rs. 37,000 to Rs. 40,000 w.e.f. Jul 01, 2025.
- 🏢 Warehousing services are now a significant part of the covered area.
- ⚠️ Political polarization, regional security, and global market volatility remain risks.
- 👍 Macroeconomic conditions show signs of improvement with easing inflation and reduced policy rates.
🎯 Investment Thesis
Given the current losses and transition phase, a HOLD recommendation is appropriate. The company’s future performance depends on its ability to successfully execute its real estate and warehousing strategy. Investors should wait for evidence of profitability and revenue growth before considering a BUY recommendation.
Disclaimer: AI-generated analysis. Not financial advice.