Un-Audited Standalone & Consolidated
Condensed Interim Financial Information For The Quarter Ended
March 31, 2025 A
R T E R L Y R E P O R TBRR Guardian Limited 2025
Contents Page
Corporate Information 03
05
Directors' Report 04
Condensed Interim Statement of Financial Position 06
Condensed Interim Statement of Profit or Loss 07
Condensed Interim Statement of Comprehensive Income 08
Condensed Interim Statement of Cash Flows 09
Condensed Interim Statement of Changes in Equity 10
Notes to the Condensed Interim Financial Information 11
Contents Page
Directors' Report to the Consolidated Condensed
17
Interim Financial Information 16
Consolidated Condensed Interim Statement of Financial Position 18
Consolidated Condensed Interim Statement of Profit or Loss 19
Consolidated Condensed Interim Statement of Comprehensive Income 20
Consolidated Condensed Interim Statement of Cash Flows 21
Consolidated Condensed Interim Statement of Changes in Equity 22
Notes to the Consolidated Condensed Interim Financial Information 23
CORPORATE INFORMATION
Chairperson Ms. Hamida Dawood
Chief Executive Mr. Ayaz Dawood
Directors Ms. Hamida Dawood Mr. Ayaz Dawood
Mr. Waqas Anwar Qureshi Mr. Amer Maqbool
Mr. Ghazanfar-ul-Islam Mr. Junaid Sakhi
Mr. Muhammad Ali Ayaz Dawood
Audit Committee Mr. Waqas Anwar Qureshi - Chairman
Mr. Ghazanfar-ul-Islam - Member Mr. Amer Maqbool - Member
Shariah Advisor
Chief Financial Officer
Mufti Muhammad Aqeel Syed Tariq Masood
Company Secretary Mr. Tahir Mehmood Head of Internal Audit Abdul Rahman Subhan
Auditors Crowe Hussain Chaudhury & Co. Chartered Accountants
Legal Advisor Malik & Malik Law Associates
Bankers
Web-site
Registered Office & Head Office
Registrars
Al-Baraka Bank (Pakistan) Limited Habib Metropolition Bank Limited
https://www.firstdawood.com/brrgl
20th Floor BRR Tower, Hassan Ali Street, off: I. I. Chundrigar Road, Karachi-74000.
Tel No. : 92 (21) 32602401-6 and 32270181-6
Email : brr@firstdawood.com
F.D. Registrar Services (Pvt.) Limited
Suit 1705 - A. 17th Floor, Saima Trade Tower,
I.I. Chundrigar Road, Karachi.
Tel No. (92-21) 32271905-6 (92-21) 32213243
E-mail: info@fdregistrar.com complain@fdregistrar.com fdregistrar@yahoo.com
Branch Offices Office No. 405 4th Floor, 55-B, ISE Tower Jinnah Avenue, Islamabad
Security Vault
G-187, Block-2, Shahrah-e-Quaideen, PECHS Karachi-754000
DIRECTORS' REPORT
Dear Shareholders,
On behalf of the Board of Directors of BRR. Guardian Limited ('BRRG'), it gives us great pleasure to present to you the 3rd Quarter Condensed Interim Financial Statements for the nine months ended March 31, 2025.
FINANCIAL PERFORMANCE:
Financial highlights | March 31, 2025 | March 31, 2024 |
- - - - - - - Rupees - - - - - - - | ||
Profit before levy & taxation | 709,368,417 | 253,450,551 |
Levy and taxation | (114,300,911) | (52,602,751) |
Profit after taxation | 595,067,506 | 200,847,800 |
Earnings per share | 6.26 | 2.11 |
During the period, BRRG demonstrated a record growth in profit before levy and taxation to Rs.709.368 million from Rs.253.450 million. After accounting for levy and taxation of Rs.114.300 million, the net profit stood at Rs.595.067 million and Earnings per share (EPS) showed a threefold increase to Rs.6.26 from Rs.2.11. Our steadfast commitment to delivering value to our shareholders remains unwavering.
CONCLUSION / FUTURE PROSPECT:
We are closely monitoring the business scenario, aiming to sustain profitable growth and create value for shareholders On Behalf of the Board of Directors
BRR Guardian Limited
Junaid Sakhi Ayaz Dawood
Director Chief Executive Officer
April 25, 2025
Karachi
2025
2025 | |||||||
253,450,551 | 709,368,417 | ||||||
(52,602,751) | (114,300,911) | ||||||
200,847,800 | 595,067,506 | ||||||
2.11 | 6.26 | ||||||
709.368
253.450
595.067
114.300
6.26
25
Condensed Interim Statement of Financial Position
As At March 31, 2025 (Un-Audited)
ASSETS
Non Current Assets
(Un-audited) (Audited)
March 31, June 30,
2025 2024
Note --------------(Rupees)---------------
Property, plant and equipment | 4 | 115,843,272 | 105,228,878 | |
Investment properties | 5 | 893,237,658 | 926,140,871 | |
Long-term investment | 6 | 43,054,009 | 43,054,009 | |
Long-term musharaka finances | 5,542,548 | 15,406,983 | ||
Long-term loans, advances and deposits | 4,114,195 | 4,392,927 | ||
Current Assets | 1,061,791,682 | 1,094,223,668 | ||
Loans, advances and prepayments | 21,411,559 | 27,593,568 | ||
Current portion of musharaka finances | 8,820,270 | 29,286,221 | ||
Accrued profit | 83,831 | 883,745 | ||
Other receivables | 61,268,687 | 49,970,661 | ||
Tax refund due from government - net | 40,189,578 | 61,878,796 | ||
Short-term investments | 7 | 3,854,010,943 | 2,854,439,780 | |
Cash and bank balances | 5,116,741 | 9,401,705 | ||
3,990,901,609 | 3,033,454,476 | |||
3,990,901,609 | 3,033,454,476 | |||
TOTAL ASSETS | 5,052,693,291 | 4,127,678,144 | ||
EQUITY AND LIABILITIES | ||||
Capital and reserves | ||||
Authorised share capital 140,010,000 | ||||
(June 30,2024: 140,010,000) shares of Rs. 10/- each | 1,400,100,000 | 1,400,100,000 | ||
Issued, subscribed and paid-up share capital | 950,084,890 | 950,084,890 | ||
Capital Reserves | 2,304,591,849 | 2,012,505,449 | ||
Revenue Reserve | 1,128,706,291 | 579,496,764 | ||
TOTAL EQUITIES | 4,383,383,030 | 3,542,087,103 | ||
Liabilities | ||||
Non Current Liabilities | ||||
Long-term security deposits | 80,150,539 | 73,437,789 | ||
Deferred tax liability | 384,254,108 | 262,545,232 | ||
Current Liabilities | 464,404,647 | 335,983,021 | ||
Current portion of security deposits | 9,800,383 | 9,800,383 | ||
Creditors, accrued and other liabilities | 156,844,077 | 202,980,693 | ||
Unclaimed dividend / Dividend payable | 38,261,154 | 36,826,944 | ||
TOTAL LIABILITIES | 204,905,614 | 249,608,020 | ||
Contingencies and commitments | 8 | |||
TOTAL EQUITY AND LIABILITIES | 5,052,693,291 | 4,127,678,144 |
The annexed notes form an integral part of these condensed interim financial information.
Condensed Interim Statement of Profit or Loss
For The Nine Months And Quarter Ended March 31, 2025 (Un-Audited)
216,961,431 | 230,937,909 | 76,170,430 | 78,180,865 | |||
(150,015,169) | (141,244,814) | (47,502,441) | (41,499,084) | |||
(53,284,426) | (43,782,751) | (17,827,698) | (14,861,596) | |||
105,422 | 116,573 | 180,958 | - |
Nine Months Ended Quarter Ended
Note | March 31, March 31, 2025 2024 - (Rupe | March 31, March 31, 2025 2024 es) ----------------------- | ||||||
Rental Income Administrative and operating expenses Depreciation Expected credit loss allowance-net | ||||||||
Operating profit | 13,767,258 | 46,026,917 | 11,021,249 | 21,820,185 | ||||
Other income | 24,596,798 | 53,861,770 | 10,689,927 | 12,115,430 | ||||
Investment income | 9 | 671,612,492 | 173,593,522 | (242,432,671) | (68,110,065) | |||
Finance costs | (608,131) | (20,031,658) | (10,664) | (7,938,522) | ||||
Profit / (loss) before income tax and levy | 709,368,417 | 253,450,551 | (220,732,159) | (42,112,972) | ||||
Levy - final tax | (2,496,609) | (1,503,345) | (588,971) | (435,186) | ||||
Profit / (loss) before income tax | 706,871,808 | 251,947,206 | (221,321,130) | (42,548,158) | ||||
Income tax | 10 | (111,804,302) | (51,099,406) | 33,960,840 | 2,834,177 | |||
Net profit / (loss) for the period | 595,067,506 | 200,847,800 | (187,360,290) | (39,713,981) | ||||
Earnings per share - basic and diluted | 6.26 | 2.11 | (1.97) | (0.42) | ||||
The annexed notes form an integral part of these condensed interim financial information.
Condensed Interim Statement of Comprehensive Income For The Nine Months And Quarter Ended March 31, 2025 (Un-Audited)
Nine Months Ended Quarter Ended
March 31, 2025 | March 31, 2024 | March 31, 2025 | March 31, 2024 | |
----------------------- (Rupees) ----------------------- | ||||
Profit for the period | 595,067,506 | 200,847,800 | (187,360,290) | (39,713,981) |
Other comprehensive income for the period | ||||
Items that will be subsequently reclassified: | ||||
Unrealised gain / (loss) on revaluation of fair value through OCI investments | 293,732,666 | (20,127,870) | (152,951,305) | (69,795,842) |
Total comprehensive income / (loss) for the period | 888,800,172 | 180,719,930 | (340,311,595) | (109,509,823) |
The annexed notes form an integral part of these condensed interim financial information.
Condensed Interim Statement of Cash Flows For The Nine Months Period Ended March 31, 2025
(Un-Audited)
CASH FLOW FROM OPERATING ACTIVITIES
Profit before taxation
Adjustment for non-cash and other items
Depreciation Expected credit loss
Gain on disposal of property and equipment - owned Profit on murabaha, musharaka
Financial charges
Profit on debt securities Rental income
Gain on sale of investments
Unrealised gain on revaluation of FVTPL investment
(Increase) / decrease in current assets Loans, advances and prepayments Accrued profit
Other receivables
Increase / (decrease) in current liabilities
Nine Months Ended March 31, March 31,
2025 2024
--------------- (Rupees) ---------------
709,368,417 253,450,551
53,284,426 | 43,782,751 |
(105,422) | (116,573) |
(883,155) | (385,861) |
(4,396,221) | (11,039,319) |
534,944 | 20,020,958 |
(452,332) | (3,626,265) |
(216,961,431) | (228,225,614) |
(100,824,883) | (70,845,419) |
(555,601,839) | (85,924,921) |
(825,405,913) (336,360,263)
6,182,009 | (1,460,450) |
5,648,467 | 15,012,448 |
(7,829,093) | (9,855,360) |
4,001,383 3,696,638
Creditors, accrued and other liabilities | (21,042,108) | (65,748,862) |
Security deposits | 6,712,750 | 2,317,250 |
Rentals received in advance | 188,397,991 | 202,034,235 |
Accrued profit on borrowings | (534,944) | (20,257,956) |
Income tax paid | (5,022,228) | (30,700,219) |
168,511,461 | 87,644,448 | |
Net cash generated from operating activities | 56,475,348 | 8,431,374 |
CASH FLOW FROM INVESTING ACTIVITIES |
Addition to property and equipment - owned Addition to capital work in progress
Proceeds from the disposal of property and equipment - owned Proceeds from the disposal of property and equipment - leased / ijarah Investments disposed/(purchased) - net
Musharaka finances
Long-term loans, advances and deposits
Net cash (used in) / generated from investing activities
CASH FLOW FROM FINANCING ACTIVITIES
Profit paid to shareholders
Finance under musharaka arrangement
(31,056,276) | (22,640,405) |
- | (37,088,749) |
943,820 | 385,865 |
- | - |
(15,292,361) | 53,169,760 |
30,435,808 | 28,039,997 |
278,732 | (175,545) |
(14,690,277) 21,690,923
(46,070,035) | (46,148,711) |
- | 3,000,000 |
Net cash generated from financing activities | (46,070,035) | (43,148,711) |
Net decrease in cash and cash equivalents | (4,284,964) | (13,026,414) |
Cash and cash equivalents at the beginning of the period | 9,401,705 | 19,589,310 |
Cash and cash equivalents transferred from amalgamated entity | - | - |
Cash and cash equivalents at the end of the period | 5,116,741 | 6,562,896 |
The annexed notes form an integral part of these condensed interim financial information. |
Condensed Interim Statement of Changes In Equity For The Nine Months Period Ended March 31, 2025 (Un-Audited)
Description | Issued, subscribed and paid-up share capital | Capital reserve | Revenue reserve | Total | ||
Merger reserve | Surplus on revaluation of investment | Accumulated (loss)/ Profit | ||||
------------------------ (Rupees) ------------------------
- | - | - | 247,621,882 | 247,621,882 | |
- | - | 109,679,623 | - | 109,679,623 |
Balance as at July 01, 2023 950,084,890 1,130,801,550 814,780,886 155,902,587 3,051,569,913
Profit for the nine months ended March 31, 2024 - | - | - | 200,847,800 | 200,847,800 | |
Other comprehensive income - | - | (20,127,870) | - | (20,127,870) | |
Total comprehensive income for the period | - | - | (20,127,870) | 200,847,800 180,719,930 | |
Transfer of revaluation surplus on disposal of | |||||
fair value through OCI investments | - | - | (3,034,511) | 3,034,511 - | |
Final dividend for the year ended June 30, 2023 @ Rs. 0.50 per shares | - | - | - | (47,504,245) | (47,504,245) | |
Balance as at March 31, 2024 | 950,084,890 | 1,130,801,550 | 791,618,505 | 312,280,653 | 3,184,785,598 | |
Profit for the quarter ended June 30, 2024 Other comprehensive income | ||||||
Total comprehensive income for the period Transfer of revaluation surplus on disposal of fair value through OCI investments | - - | - - | 109,679,623 (19,594,229) | 247,621,882 19,594,229 | 357,301,505 - | |
Balance as at July 01, 2024 | 950,084,890 | 1,130,801,550 | 881,703,899 | 579,496,764 | 3,542,087,103 | |
Profit for the nine months ended March 31, 2025 Other comprehensive income |
- | - | - | 595,067,506 | 595,067,506 | |
- | - | 293,732,666 | - | 293,732,666 | |
Total comprehensive income for the period | - | - | 293,732,666 | 595,067,506 888,800,172 | |
Transfer of revaluation surplus on disposal of | |||||
fair value through OCI investments | - | - | (1,646,266) | 1,646,266 - | |
Final dividend for the year ended June 30, 2024 @ Rs.0.50 per share | - | - | - | (47,504,245) | (47,504,245) |
Balance as at March 31, 2025 | 950,084,890 | 1,130,801,550 | 1,173,790,299 | 1,128,706,291 | 4,383,383,030 |
The annexed notes form an integral part of these condensed interim financial information.
Notes To The Condensed Interim Financial Information For The Nine Months Period Ended March 31, 2025
(Un-Audited)
LEGAL STATUS AND NATURE OF THE BUSINESS
BRR Guardian Limited ('the Company' or 'BRRGL') was incorporated in Pakistan on December 16, 2021 as a public limited company (un-listed) under Company Act, 2017. Subsequently, the Company has listed on Pakistan Stock Exchange on August 04, 2023 and is now a public listed company. The principle line of business of the company is marketing and development of all type of real estate including developed or undeveloped land, housing or commercial projects including commercial markets or multistoried building (for commercial or residential purposes), shopping centers, restaurants, hotels, recreational facilities etc. with the permission of concerned authorities and compliance with applicable laws and regulations. The registered office of the Company is situated at 20th floor, B.R.R Tower, Hassan Ali Street. I.I Chundrigar Road, Karachi. It is to be noted that during prior year, the Company has acquired modaraba business however the business of ijarah leasing and diminishing musharaka have been discontinued after the amalgamation and the existing contracts are live for recovery purposes only.
In prior year, pursuant to the scheme of amalgamation, the Company has acquired a wholly owned subsidiary namely BRR Financial Services (Private) Limited (the Subsidiary) which was incorporated on November 30, 2015 under the Companies Ordinance 1984, now Companies Act 2017. The Subsidiary has not yet commenced its operations as at year end.
These represent the standalone financial statements of the Company.
BASIS OF PREPARATION
These condensed interim financial information have been prepared under the historical cost convention, except that certain financial instruments have been included at fair value in accordance with the recognition / measurement criteria mentioned in the relevant international standards applicable.
These condensed interim financial information are unaudited and are submitted to shareholders and have been prepared in accordance with International Accounting Standard - 34 "Interim Financial Reporting" as applicable in Pakistan.
SIGNIFICANT ACCOUNTING POLICIES
The accounting policies and methods of computation followed in the preparation of these condensed interim financial information are the same as those applied in preparing the audited financial statements for the year
ended June 30, 2024.
PROPERTY, PLANT AND EQUIPMENT
Note
(Un-audited) (Audited)
March 31, June 30,
2025 2024
---------------(Rupees)---------------
Property and equipment - owned
Property, plant and equipment - leased / ijarah
Property and equipment - Owned
4.1 106,042,702 95,428,308
9,800,570 9,800,570
115,843,272 105,228,878
Following additions and disposals in assets in own use, at cost, were made during the period:
Additions / Transfer Disposals / Transfer
(Un-audited)
(Audited)
(Un-audited)
(Audited)
March 31,
June 30,
March 31,
June 30,
2025
2024
2025
2024
---------------(Rupees)---------------
Lockers
1,300,000
9,424,000
-
-
Furniture and fixtures
-
6,342,000
-
-
Vehicles
10,081,396
17,127,705
7,879,167
3,981,650
Office equipment and copmuters
19,674,880
6,841,650
370,500
-
Building on leashold land
-
680,000
-
-
31,056,276
40,415,355
8,249,667
3,981,650
INVESTMENT PROPERTIES
Note
(Un-audited) (Audited)
March 31, June 30,
2025 2024
---------------(Rupees)---------------
Investment properties 5.1
Capital work-in-progress
No addition / disposals were made during the period
884,148,658 917,051,871
9,089,000 9,089,000
893,237,658 926,140,871
LONG TERM INVESTMENT
In unquoted wholly owned subsidiary companies - at cost BRR Financial Services (Private) Limited
5,500,000 ordinary shares (2024: 5,500,000) of Rs. 10 each Less: Impairment reserve
SHORT TERM INVESTMENTS
Fair value through profit or loss - FVTPL:
Listed ordinary shares Mutual funds units Preference shares Listed debt securities
Deliverable future contracts
55,000,000 55,000,000
(11,945,991) (11,945,991)
43,054,009 43,054,009
2,364,330,750
87,458,695
10,839,901
-
-
1,727,390,986
43,003,275
8,243,688
23,965,632
1,939,520
2,462,629,346 1,804,543,101
Fair value through other comprehensive income - FVTOCI:
1,000,222,747
59,927,493
1,321,677,265
79,957,893
Listed ordinary shares / modaraba certificates Unlisted ordinary shares
Less: Provision for diminution in the value of investments
1,401,635,158 1,060,150,240
3,864,264,504 2,864,693,341
(10,253,561) (10,253,561)
3,854,010,943 2,854,439,780
CONTINGENCIES AND COMMITMENTS
There is no significant change in the status of contingencies as reported in the annual audited financial statement of BRR Guardian Limited for the year ended June 30, 2024.
(Un-audited) (Un-audited)
March 31, March 31,
INVESTMENT INCOME - NET
2025 2024
---------------(Rupees)---------------
Dividend income 16,644,058 10,022,297
Gain on sale of investments 99,861,066 70,603,764 Profit on debt securities 452,332 3,626,265
Gain on settlement of DFC's 963,818 241,655
Profit on other investments - 4,032,299
Profit on bank balances 1,341,753 1,466,318 Unrealised gain on revaluation of FVTPL investment 555,601,839 85,924,921
674,864,866 175,917,519
Less: Commission and brokerage expense (3,252,374) (2,323,997)
671,612,492 173,593,522
(Un-audited) (Un-audited)
March 31, March 31,
TAXATION
2025 2024
---------------(Rupees)---------------
Current tax 23,605,780 29,379,317
Prior year tax 609,060 -
Deferred tax 87,589,462 21,720,089
111,804,302 51,099,406
The aggregate of Levy Rs. 2.496 million (March 31, 2024: Rs. 1.503 million) and Current tax charge Rs.111.804 million (March 31, 2024: Rs.51.099 million) amounting to Rs.114.300 million (March 31, 2024 : Rs.52.602 million) represents tax liabliity of the Company for the period, calculated under the relevant provisions of the Income Tax Ordinance, 2001.
RELATED PARTY TRANSACTIONS
The company has related party relationship with its associated undertakings, employee benefit plans, and its key management personnel.
A number of transactions are entered into with related parties in the normal course of business. These include financings, investments, borrowings, sharing of common expenses and rental income.
The details of related party transactions and balances as at 31 March, 2025 are as follows:
(a)
TRANSACTIONS DURING THE PERIOD
Relationship with the Company
Nature of transactions
(Un-audited) (Un-audited) March 31, March 31,
2025 2024
-------- (Rupees) --------
Associated companies / other related parties
BRR Investment (Private) Limited Management fee paid
-
37,480,510
BRR Investment (Private) Limited Musharaka finance received-net
10,000,000
59,000,000
BRR Investment (Private) Limited Musharaka finance repaid
10,000,000
40,000,000
BRR Investment (Private) Limited Profit paid on musharaka finance
211,266
245,182
Dawood Family Takaful Limited Rental Received against property
5,793,276
5,731,596
Dawood Family Takaful Limited Group Life Takaful paid
1,806,572
1,446,597
Dawood Family Takaful Limited Musharaka finance received-net
34,000,000
127,000,000
Dawood Family Takaful Limited Musharaka finance repaid
34,000,000
127,000,000
Dawood Family Takaful Limited Profit paid on musharaka finance
323,678
4,653,433
First Dawood Employees Provident Fund Transfer to provident fund
4,331,737
3,916,633
Hydrochina Dawood Power (Pvt) Limited Rent received against property
3,725,364
3,600,000
Dawood Global Foundation Charity paid
-
786
(B)
PERIOD END BALANCES
Relationship with the Company Nature of balances
Associated companies / other related parties
Hydrochina Dawood Power (Private) Limited Rental received in advance
887,032
21,620
Hydrochina Dawood Power (Private) Limited Security Deposit
60,000
60,000
AUTHORISATION FOR ISSUE
This condensed interim financial information was authorised for issue on April 25, 2025 by the Board of Directors of BRR Guardian Limited.
GENERAL
This condensed interim financial information is presented in Pak Rupees, which is the company's functional and presentation currency.
Amounts have been presented and rounded off to the nearest Rupee.
Director
Chief Executive Officer
Chief Financial Officer
Un-Audited Consolidated Condensed Interim
Financial Information For The Quarter Ended March 31, 2025
DIRECTORS' REPORT
Dear Shareholders,
On behalf of the Board of Directors of BRR. Guardian Limited ('BRRG'), it gives us great pleasure to present to you the 3rd Quarter Consolidated Condensed Interim Financial Statements for the nine months ended March 31, 2025.
FINANCIAL PERFORMANCE:
Financial highlights | March 31, 2025 | March 31, 2024 |
- - - - - - - Rupees - - - - - - - | ||
Profit before levy & taxation | 734,137,851 | 265,783,975 |
Levy and taxation | (114,300,911) | (52,602,751) |
Profit after taxation | 619,836,940 | 213,181,224 |
Earnings per share | 6.52 | 2.24 |
During the period, BRRG demonstrated a record growth in profit before levy and taxation to Rs.734.137 million from Rs.265.783 million. After accounting for levy and taxation of Rs.114.300 million, the net profit stood at Rs.619.836 million and Earnings per share (EPS) showed a threefold increase to Rs.6.52 from Rs.2.24 Our steadfast commitment to delivering value to our shareholders remains unwavering.
CONCLUSION / FUTURE PROSPECT:
We are closely monitoring the business scenario, aiming to sustain profitable growth and create value for shareholders On Behalf of the Board of Directors
BRR Guardian Limited
Ghazanfar-ul-Islam Ayaz Dawood
Director Chief Executive Officer
April 25, 2025
Karachi
2025
2025 | |||||||
265,783,975 | 734,137,851 | ||||||
(52,602,751) | (114,300,911) | ||||||
213,181,224 | 619,836,940 | ||||||
2.24 | 6.52 | ||||||
734.137
265.783
619.836
6.52
114.300
2.24
25
Consolidated Condensed Interim Statement of Financial Position
As At March 31, 2025 (Un-Audited)
ASSETS
Non Current Assets
(Un-audited) (Audited)
March 31, June 30,
2025 2024
Note --------------(Rupees)---------------
Property, plant and equipment | 4 | 115,843,272 | 105,228,878 |
Investment properties | 5 | 893,237,658 | 926,140,871 |
Long-term musharaka finances | 5,542,548 | 15,406,983 | |
Long-term loans, advances and deposits | 4,414,195 | 4,692,927 | |
1,019,037,673 | 1,051,469,659 | ||
Current Assets | |||
Loans, advances and prepayments | 23,911,559 | 27,593,569 | |
Current portion of musharaka finances | 8,820,270 | 29,286,221 | |
Accrued profit | 83,831 | 883,745 | |
Other receivables | 61,654,711 | 49,970,661 | |
Tax refund due from government - net | 41,627,872 | 61,855,162 | |
Short-term investments | 6 | 4,205,312,766 | 3,120,247,476 |
Cash and bank balances | 5,388,304 | 9,425,963 | |
4,346,799,313 | 3,299,262,797 | ||
4,346,799,313 | 3,299,262,797 | ||
TOTAL ASSETS | 5,365,836,986 | 4,350,732,456 | |
EQUITY AND LIABILITIES | |||
Capital and reserves | |||
Authorised share capital 140,010,000 | |||
(June 30,2024: 140,010,000) shares of Rs. 10/- each | 1,400,100,000 | 1,400,100,000 | |
Issued, subscribed and paid-up share capital | 950,084,890 | 950,084,890 | |
Capital Reserves | 2,576,422,493 | 2,218,917,084 | |
Revenue Reserve | 1,170,019,342 | 596,040,381 | |
TOTAL EQUITIES | 4,696,526,725 | 3,765,042,355 | |
Liabilities | |||
Non Current Liabilities | |||
Long-term security deposits | 80,150,539 | 73,437,789 | |
Deferred tax liability | 384,254,108 | 262,545,232 | |
464,404,647 | 335,983,021 | ||
Current Liabilities | |||
Current portion of security deposits | 9,800,383 | 9,800,383 | |
Creditors, accrued and other liabilities | 156,844,077 | 203,079,753 | |
Unclaimed dividend / Dividend payable | 38,261,154 | 36,826,944 | |
TOTAL LIABILITIES | 204,905,614 | 249,707,080 | |
Contingencies and commitments | 7 | ||
TOTAL EQUITY AND LIABILITIES | 5,365,836,986 | 4,350,732,456 | |
The annexed notes form an integral part of these consolidated condensed interim financial information.
Consolidated Condensed Interim Statement of Profit or Loss For The Nine Months And Quarter Ended March 31, 2025 (Un-Audited)
216,961,431 | 230,937,909 | 76,170,430 | 78,180,865 | |||
(150,196,854) | (141,540,801) | (47,657,693) | (41,499,109) | |||
(53,284,426) | (43,782,751) | (17,827,698) | (14,861,596) | |||
105,422 | 116,573 | 180,958 | - |
Nine Months Ended Quarter Ended
Note | March 31, March 31, 2025 2024 - (Rupe | March 31, March 31, 2025 2024 es) ----------------------- | ||||||
Rental Income | ||||||||
Administrative and operating expenses | ||||||||
Depreciation Expected credit loss allowance-net | ||||||||
Operating profit | 13,585,573 | 45,730,930 | 10,865,997 | 21,820,160 | ||||
Other income | 24,596,798 | 53,861,770 | 10,689,927 | 12,115,430 | ||||
Investment income | 8 | 696,567,976 | 186,223,703 | (236,314,885) | (66,057,794) | |||
Finance costs | (612,496) | (20,032,428) | (11,414) | (7,938,722) | ||||
Profit /( loss) before income tax and levy | 734,137,851 | 265,783,975 | (214,770,375) | (40,060,926) | ||||
Levy - final tax | (2,496,609) | (1,503,345) | (588,971) | (435,186) | ||||
Profit / (loss) before income tax | 731,641,242 | 264,280,630 | (215,359,346) | (40,496,112) | ||||
Income tax | 9 | (111,804,302) | (51,099,406) | 33,960,840 | 2,834,177 | |||
Net profit / (loss) for the period | 619,836,940 | 213,181,224 | (181,398,506) | (37,661,935) | ||||
Earnings per share - basic and diluted | 6.52 | 2.24 | (1.91) | (0.40) | ||||
The annexed notes form an integral part of these consolidated condensed interim financial information.
| Attention: This is an excerpt of the original content. To continue reading it, access the original document here. |