SEARL | The Searle Company Limited
Earning Release Q3-Mar 2024
Latest Announcement
- For the quarter ending March 2024, SEARL reported a loss after tax of Rs. 110 million.
- The loss per share came out at Rs. 0.21.
- SEARL did not announce any cash dividends along with the results announcement. Moreover, it is worth noting that SEARL has declared no cash dividends in the last four quarters.
- On a 9-month basis, SEARL announced a PAT of Rs. 111 million, compared to a PAT of Rs. 639 million in the same period last year.
To provide historical context to the earnings, note that on a twelve-month trailing basis, SEARL has recorded a loss after tax of Rs. 226.0 million, compared to a loss after tax of Rs. 19.16 million last year.
Profit and Loss Analysis
'Other Income' decreased by 43.5%, impacting the P&L negatively by an amount of Rs. 23.8 million compared to last year.
Financial charges increased by 1.2% in this quarter, affecting the P&L with an amount of Rs. 9.8 million compared to last year.
Finally, in terms of taxation, SEARL booked a tax of Rs. 49.55 million this quarter.
So in sum, in this quarter ending March 2024, SEARL sustained a loss after tax of Rs. 109.8 million for the quarter, compared to profit after tax of Rs. 97.4 million last year.
Download: SEARL third-quarter announcement.
Market Performance
SEARL is trading at a market price of Rs. 54.3, with a price-to-book ratio of 1.
In the last 52 weeks, the SEARL stock reached a high of Rs. 64.09 and touched a low of Rs. 34.22.
Over the past 6 months, the stock of SEARL has gained by 13%, compared to the 35% return of the KSE100 Index. And, over the last year, it has gained 4%, compared to the 72% return of the KSE100 Index.
Market Cap & Index Weighting
Currently, SEARL has a market cap of Rs. 27,779 million.
SEARL weighting in PSX-indices is as follows. KSE100 Index: 0.53%, KSE30: 0.75%, and KMI30: 0.94%.
See: SEARL Market Price Chart.
