Engro Fertilizers Limited

EFERT, First Quarter March 2023, Earning Release:

EPS: Rs. 4.13, up 2% on the previous quarter and up 17% over the same quarter last year.

Cash dividend: Rs. 3.5 per share. The trailing twelve-month cash dividend is Rs. 11.5.

Price (Rs.)	1 Month	6 Month	1 Year
86.75	-3.6%	6.6%	-7.8%

Sales for the quarter were higher by 34% over the previous quarter and 37% over the same quarter last year.

Gross profit for the quarter were higher by 28% over the previous quarter and 26% over the same quarter last year.

Profit after tax for the quarter was higher by 2% over the previous quarter and 17% over the same quarter last year. PAT in the previous quarter (December 2022) was boosted because of a tax reversal.

EFERT is trading at Rs 86.75, with a price-to-earnings ratio of 7.1, a price-to-book ratio of 2.7, and a attractive dividend yield (trailing twelve months) of over 13.3%.

Download EFERT Earning Release 1QMar23

See Key Financials of EFERT;

EFERT: Engro Fertilizers Limited
Rs. in Millions	1Q -Mar 2023	4Q-Dec 2022	3Q-Sep 2022	2Q-Jun 2022	1Q-Mar 2022
Sales	33,327	24,757	22,239	25,617	24,332
Cost Of Sales	24,740	18,070	15,985	15,964	17,525
Gross Profit	8,587	6,687	6,254	9,653	6,807
Operating Profit	5,773	2,984	3,802	7,121	4,544
Other Income	3,167	2,989	868	3,584	2,546
Other Expenses/Losses	1,224	797	420	1,256	760
Finance Cost	457	996	607	594	501
Profit Before Tax	7,259	4,180	3,642	8,855	5,828
Taxation	1,739	-1,231	1,066	6,147	1,115
Profit After Tax	5,520	5,411	2,576	2,708	4,714
EPS	4.13	4.05	1.93	2.03	3.53
Cash Dividend	3.5	5	3	0	5.5
G Profit Margin	25.8%	27.0%	28.1%	37.7%	28.0%
Tax Rate	24.0%	reversal	29.3%	69.4%	19.1%
Sales Growth	34.6%	11.3%	-13.2%	5.3%
GP Growth	28.4%	6.9%	-35.2%	41.8%
EPS Growth	2.0%	110.0%	-4.9%	-42.6%	.