Karachi: Cnergyico Pk Limited (PSX: Cnergy) recorded a net loss of 1.76 billion rupees for the nine months ending March 31, 2025, which is nearly twice the loss of 885.88 million rupees, which was reported in the same period last year, despite a sharp increase in the revenue of the higher line.
According to the unified results of the company, revenue from contracts with customers increased by 48.71 % on an annual basis (YO) to 279.78 billion rupees during this period. After calculating taxes, fees, duties, and discounts, net revenues amounted to 218.07 billion rupees, which reflects an increase of 41.31 % on an annual basis.
However, this revenue growth exceeded 45.61 % in the cost of sales, which increased to 213.77 billion rupees from 146.81 billion rupees a year ago, which is dramatically enlarged. As a result, total profit decreased by 42.80 % to 4.3 billion rupees, a decrease from 7.52 billion rupees in the same period last year.
The company’s operational profit was also contracted by 59.58 % on an annual basis, reaching 2.41 billion rupees compared to 5.97 billion rupees in the corresponding period. This decrease was primarily driven by 84.77 % in another income, which decreased to 356 million rupees from 2.34 billion rupees last year.
Administrative expenditures increased by 17.76 % to 1.35 billion rupees, while the costs of sales and distribution increased by 14.41 % to 495.48 million rupees. Other expenditures decreased by 82.61 % to 401.54 million rupees.
Despite the pressure on the operational side, the financing costs decreased by 47.30 % to 3.75 billion rupees, compared to 7.12 billion rupees last year, reflecting the reduction of low standard interest rates.
Cnergyico also faced final tax fees or the lowest level less than 1.24 billion rupees, an increase of 40.03 % year on year. However, income tax expenses decreased by 28.75 % to 816.91 million rupees.
The loss, which is due to the stock holders in the parent company, swelled by 100.69 % to 1.74 billion rupees, up from 866.1 million rupees last year. The share loss for nine months has doubled to 0.32 rupees of RS0.16.
The interest was not controlled by a marginal loss of 20 million rupees, and it has almost changed almost the previous year.
Despite the strong growth in revenue, Cnergyico continues to face profitability challenges due to the shrinkage of margins, low non -working income, and continuous cost pressures.
