Attock Refinery Limited (ATRL): FY25 Corporate Briefing Takeaways – By Taurus Research

<ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">ATRL&rsquo;s management discussed some major developments during FY25 results; depicting pressure on utilization (65% in FY25) due to lower crude receipts i.e. SNGPL gas issues and lower demand which reduced crude production in the North region &ndash; forcing ATRL to refine less crude during the period. In order to mitigate this issue, the management requested the Government to procure local crude (~5K barrels per day) from the South region to maintain utilization while giving incentives on the transportation cost through IFEM disbursement &ndash; decision is still in pending.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">During FY25, gross margins plunged by ~5pptsYoY due to lower GRM amid normalize...