Sazgar Engineering’s Profit Surges by 105% in Q3 FY25

Sazgar Engineering Works Limited (SAZEW), a Pakistani automotive manufacturer, has announced a substantial net profit of Rs6.23 billion for the third quarter (January-March) of fiscal year 2025 (FY25). This represents a 105% increase compared to the Rs3.03 billion reported during the corresponding period last year.

The company communicated this development to the Pakistan Stock Exchange (PSX) in a notification on Monday.

According to a report by Topline Securities, a brokerage firm, this is the company’s highest quarterly profit to date.

Sazgar Engineering is also planning to procure land worth Rs1.5 billion for upcoming expansions.

The earnings per share (EPS) for 3QFY25 were Rs103.06, significantly higher than the Rs50.20 recorded in the same quarter of the previous year.

Topline stated that the results surpassed industry expectations, primarily due to higher-than-anticipated gross margins.

The company has declared a dividend of Rs12 per share for 3QFY25, bringing the total dividend for the first nine months of FY25 to Rs32 per share.

Sazgar’s net sales experienced substantial growth, rising by 83% to Rs36.74 billion in 3QFY25, compared to Rs20.05 billion in the same period last year.

Conversely, the cost of sales also increased, reaching Rs24.77 billion, a 74% rise from Rs14.24 billion in 3QFY24.

Consequently, the company’s gross profit for 3QFY25 amounted to Rs11.97 billion.