Burshane LPG (Pakistan) Limited (BPL): FY24 Corporate Briefing Takeaways – By Taurus Research

<p></p><ul><li><span style="font-size:medium;">BPL reported FY24 sales revenue of ~PKR 2.3Bn, reflecting a 33%YoY decrease from PKR 3.5Bn in FY23, primarily due to a 66% decline in sales volume, which totaled 11,867MT. This reduction in volume is attributed to a reduced local LPG quota and the higher prices of imported LPG. The Company recorded loss of ~PKR 73Mn in FY24; depicting LPS of PKR 3.28/sh.</span></li></ul><ul><li><span style="font-size:medium;">Regarding margins, BPL reported that their margins typically range between 10%-11%, but when factoring in plant and other operational costs, these margins reduce to 6%.The Management also noted an increase in other expenses, primarily due to a bad debt provision of ~PKR 18Mn, which they classified as a non-cash item.</span></li></ul><ul><li><span style="font-size:medium;">Despite...