Fakiha Tariq

Thal Limited (THALL) earned a revenue of Rs6.9 billion in the first quarter (July-Sept) of the ongoing fiscal year 2022-23, which was the second highest pocketed over the corresponding quarters of the last five years, a WealthPK study shows. Thal Limited is registered with the Pakistan Stock Exchange with the symbol of THALL.

It is a public limited company incorporated in Pakistan in 1966. THALL is a distinctive name among the conglomerated businesses of Pakistan operating under the House of Habib (HoH). THALL is the biggest company registered in the automobile parts and accessories sector of PSX with market capitalisation of Rs17.6 billion.

THALL ended the 1QFY22 netting a record revenue of Rs7.6 billion over the last five years.

Gross profit in 1QFY23

THALL generated a gross profit of Rs886 million over the sales of Rs6.9 billion in the first quarter of FY23. The company’s average stock return for 1QFY23 stood positive at 0.061%.

THALL remained profitable and showed gross profit (GP) and net profit (NP) margins of 13% and 2%, respectively. Heavy operating expenses incurred in 1QFY23 pushed the operating profit down to 4%. The company generated earnings per share value of Rs2.11 in 1QFY23.

1QFY23 vs 1QFY22

In comparison to the same quarter of last year, the company’s gross profit ratio declined by 26% in the 1QFY23.

THALL also experienced a big decline of 73% in the operating profit margin in 1QFY23. This indicated that heavy operating cost was borne by the company in 1QFY23 compared to 1QFY22. The company also experienced a massive increase in the finance cost in 1QFY23. Heavy operating and finance costs in 1QFY23 resulted in almost 80% decline in net profit margin in comparison to 1QFY22. Earnings per share value plunged from Rs11.69 apiece in 1QFY22 to Rs2.11 apiece in the first quarter of FY23.

Credit : Independent News Pakistan-WealthPk