AGP | AGP Limited
Earning Release Q1-Mar 2024
AGP announced earnings per share (EPS) of Rs. 1.47, compared to Rs. 1.16 in the same quarter last year.
The company did not declare any dividends in this quarter.
AGP earned a profit after tax of Rs. 412.7 million for the first quarter. Registering an increase of 26.9% over last year.
In terms of the components of the profit and loss;
↗ Revenue increased by 35.1%,
↗ Gross profit increased by 21.3%.
↗ EBIT increased by 85.1%,
↗ Profit before tax increased by 47.0%.
The tax rate for the quarter was 30.9%, which was higher by 10.9% compared to the same quarter last year. The gross profit margin for the quarter was 41.7%, which was 4.7% lower than the same quarter last year.
A slight pressure on gross margin, coupled with a substantial increase in financial charges from Rs. 31 million in the first quarter last year to Rs. 213 million this quarter, has impacted the company's profitability. Otherwise, earnings before interest and taxes doubled this quarter, rising from Rs. 438 million last year to Rs. 810 million.
To give a historic context to the earnings, please note that AGP now, on a twelve-month trailing basis, has a profit after tax of Rs. 1,277.7 million. That has increased by 7.4% over the twelve-month trailing PAT of the previous quarter.
AGP has paid a total of Rs. 2.5 as cash dividends in the last four quarters.
AGP is trading at a market price of Rs. 79.5, with a price-earnings ratio of 17.4 and a price-to-book ratio of 2.1. In the last 52 weeks, the AGP stock reached a high of Rs. 84.5 and touched a low of Rs. 46.
Over the past 6 months, the stock of AGP has gained by 34%, compared to the 42% return of the KSE100 Index. And, over the course of the last year, the stock of AGP has gained by 42%, compared to the 69% return of the KSE100 Index.
AGP has not issued any shares in the last five years. Currently, AGP has a market cap of Rs. 22,260 million. The market cap of AGP has decreased by approximately 7.2% in the last five years.
AGP a small weighting of 0.3% in the KSE100 Index 0.3%. In the KSE30 or KMI30 it has no weighting.
Download AGP first-quarter announcement:
