Al-Ghazi Tractors Limited (AGTL): 2QCY25 EPS clocked in at PKR0.47 – Below expectation – By Insight Research

<ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">During 2QCY25, revenue witnessed a decline of 49% YoY to clock in at PKR4.1bn, primarily due to lower volumetric sales. To note, volumetric sales witnessed a decline of ~40% YoY. While on QoQ basis, same is up by ~13% amid higher volumetric sales which increased by ~34% QoQ.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Gross margins decreased by ~8.7ppts/7.5ppts YoY/QoQ to clock in at ~14.0% in 2QCY25, possibly attributable to sale of lower HP tractors. However, we await further clarity on this.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Finance cost increased by ~2%/112% YoY/QoQ to clock in at PKR110mn, mainly due to increase in short term debt.</s...