REF: BUXL-PSX/04/202S
The General Manager
Pakistan Stock Exchange Limited, Stock Exchange Building,
Stock Exchange Road,
KARACHI. SUBJECT: FINANCIAL RESULTS FOR 3Fd QUARTER ENDED MARCH 31, 2025Dear Sir/Madam,
April 28, 2025
It is to inform you that the Board of Directors of Buxly Paints Limited ("The Company") in their meeting held on April 28, 2025 at 11:00 am at registered office, X-3, Manghopir Road, S.I.T.E., Karachi has approved the following:
- CASH DIVIDEND
BONUS ISSUE
- RIGHT SHARES
- ANY OTHER ENTITLEMENT
-
ANY OTHER PRICE SENCETIVE INFORMATION
NIL NIL ML NIL NIL
The financial results of the Company for the 3'dquarter ended March 31, 2025 are attached herewith as "Annexures-A1 to A4" along with following additional statements:
Statement of Financial Position
Statement of Change in Equity
Statement of Cash Flows
Furthermore, the financial results for the period ended March 31, 2025 will be transmitted through PUCARS separately, within the specified time.
You may inform the TRE Certificate HoJdérs of the Exchange accordingly.
Ha! Cor ,
Baig*tary
cC:
The Director/HOD
Surveillance, Supervision and Enforcement Department, Securities & Exchange Commission of Pakistan,
NIC Building, 63-Jinnah Avenue, Blue Area, ISLAMABAD.
BUXLY PAINTS LIMITEDKarachi : X-3 Manghopir Road, S.I.T.E., Karachi-7500 Pakistan. P.O. Box No. 3630 Tel: (92-2' ) 32577702, 32578255 Fax (92-21) 32560468
BUXLY PAINTS LIMITED
CONDENSED INTERIM STATEMENT OF PROFIT OR LOSS (UN-AUDITED)
FOR THE PERIOD ENDED 31 MARCH 2025
For the Nine Months ended For the Quarter Ended
31, March 2025 | 31 March 2024 | 31, Mnrch 2025 | 31, March 2024 | ||
(Rupees in '000) | |||||
Sales | 454,590 | 490,153 | 147,151 | 142,848 | |
Cost of sales | (368,423) | (405,699) | (119,484) | (117,889) | |
Gross profit | 86,167 | 84,454 | 27,667 | 24,959 | |
Distribution and selling expenses | (44,325) | (44,415) | (16,154) | (13,381) | |
Administrative expenses | (31,815) | (20,686) | (10,479) | (6,851) | |
(76,140) | (65,101) | (26,633) | (20,232) | ||
10,026 | 19,353 | 1,033 | 4,727 | ||
Other income | 2,718 | 2,720 | 903 | 903 | |
12,744 | 22,073 | 1,936 | 5,630 | ||
Finance cost | (6,240) | (8,194) | (1,608) | (2,578) | |
Other charges | (449) | (970) | (56) | (223) | |
(6,689) | (9,164) | (1,664) | (2,801) | ||
Profit/(Loss) before levies and tax | 6,055 | 12,909 | 272 | 2,829 | |
Levies | (3,851) | (2,525) | (1,961) | (1,012) | |
Profit before income tax | 2,205 | 10,384 | (1,689) | 1,817 | |
Taxation | (1,832) | (3,602) | 122 | (774) | |
Profit/(Loss) for the period | 373 | 6,782 | (1,567) | 1,043 | |
Earning/(Loss) per share - basic and diluted | 0.26 | 4.71 | (1.09) | 0.72 | |
The annexed notes 1 to 9 form an integral part of these financial statements
BUXLY PAINTS LIMITED CONDENSED INTERIM STATEMENT OF FINANCIAL POSITION (UN-AUDITED) AS AT 31 MAnCH 2025 | ||||||
Un-Audited | Audited | |||||
31-MAR 30-June 2025 2024 | ||||||
ASSETS | (Rupees in '000) | |||||
Non-current assets | ||||||
Property and equipment | 171,292 | 171,287 | ||||
Investment properties | 3,425 | 3,536 | ||||
Long term loans and advances | 8,894 | 8,543 | ||||
Long term receivable | 13,050 | 11,700 | ||||
Long term security deposits | 361 | 361 | ||||
197,022 | 195,427 | |||||
Current assets | ||||||
Stock-in-trade | 94,705 | 80,163 | ||||
Trade debts | 254,241 | 217,753 | ||||
Advances and deposits | 3,434 | 2,797 | ||||
Prepayments and other receivables | 156 | 318 | ||||
Term deposit receipts / account | 150 | 150 | ||||
Markup receivable | 12 | |||||
Current portion of long term loans and advances | 699 | 633 | ||||
Taxation - net | 20,284 | 10,458 | ||||
Cash and bank balances | 51,105 | 49,174 | ||||
424,774 | 361,458 | |||||
Total assets | 621,796 | 556,885 | ||||
EQUITY AND LIABILITIES | ||||||
Share capital and reserves | ||||||
Authorised capital | ||||||
5,000,000 (2022: 5,000,000) Ordinary shares of Rs.10 each | 50.000 | |||||
Issued, subscribed and paid-up capital Capital reserves | 14,400 | 14,400 | ||||
Surplus on revaluation of property Revenue reserves | 168,934 | 168,934 | ||||
General reserve | 5,993 | 5,993 | ||||
Accumulated loss | (1,569) | (1,942) | ||||
Non-current liabilities | 187,758 | 187,385 | ||||
Lease liability | 261 | 538 | ||||
Current liabilities | 261 | 538 | ||||
Markup accrued | 1,486 | 4,822 | ||||
Current portion of long term finance | ||||||
Current portion of lease liability | 386 | 437 | ||||
Unpaid dividend | 217 | 217 | ||||
Unclaimed dividend | 102 | 102 | ||||
Short term borrowing | 5 | 103,366 | 87,761 | |||
Trade and other payables | 328,221 | 275,623 | ||||
Contingencies and commitments | 6 | 433,778 | 368,962 | |||
Total equity and liabilities | 621,796 | 556.885 | ||||
The annexed notes 1 to 9 form an integral part of these financial statements | ||||||
BUXLY PAINTS LIMITED
CONDENSED INTERIM STATEMENT OF CHANGES IN EQUITY (UN-AUDITED)
FOR TRE PERIOD ENDED 31 MARCH 2025
Capital Reserves Revenue Reserves
Issued Surplus on subscribed and revaluation of paid-up capital property
General Accumulate Total reserve d profit/
(Rupees in '000)
Balance as at 1 July 2023 | 14 400 | 168 934 993 945 80 382 | |||||||
Total comprehensive Income for the Year | 7,003 | 7,003 | |||||||
Balance as at 30 June 2024 | 14,400 | 168,934 | 5,993 | (1,942) | 187,385 | ||||
Total comprehensive income for the Nine Month Period | 373 373 | ||||||||
Balance as at 31 March 2025 | 14,400 | 168,934 5,993 (1,569) 187,758 | |||||||
The annexed notes 1 to 9 form an integral part of these financial statements.
BUXLY PAINTS LIMITED
CONDENSED INTERIM STATEMENT OF CASH FLOWS (UNAUDITED)
FOR THE PERIOD ENDED 31 MARCH 2025
Cash flows from operating activities Profit/(Loss) before tax
Adjustments for: Depreciation Finance cost
2025i
(Rupees in '000)
6,055340
6,240 202412,909
366
8,194
Provisions for Doubtful debts/WPPF/WWF | 1,362 | 1,358 | ||||
Rental Income | (1,350) | (1,350) | ||||
12,648 | 21,477 | |||||
(Increase) / decrease in current assets | ||||||
Stock-in-trade | (14,542) | (6,542) | ||||
Trade debts | (36,488) | (46,964) | ||||
Advances and deposits | (637) | 3,459 | ||||
Prepayments and other receivables | 162 | (30) | ||||
(51,505) | (50,077) | |||||
(Decrease) / increase in current liabilities Trade and other payables | 52,598 | 52,779 | ||||
Net cash (used in) / generated from operating activities | 13,740 | 24,179 | ||||
Income tax paid | (15,508) | (10,740) | ||||
Finance cost paid | (9,576) | (8,217) | ||||
Net cash used in operations | (11,344) | 5,222 | ||||
Cash flows from investing activities | ||||||
Additions to property and equipment | (235) | (42) | ||||
Long term receivables | (1,350) | (1,350) | ||||
Long term loans and advances - given | (417) | (3,039) | ||||
Net cash (used in) / generated from investing activities | (2,002) | (4,431) | ||||
Cash flows from financing activities Lease liability | (328) | (226) | ||||
Short term borrowing - secured | 15,605 | 2,021 | ||||
Net cash generated from financing activities | 15,277 | 1,796 | ||||
Net increase in cash and cash equivalents during the year | 1,931 | 2,587 | ||||
Cash and cash equivalents at beginning of the year | 49,174 | 43,261 | ||||
Cash and cash equivalents at end of the year | 51,105 | 45,848 | <. | |||
The annexed notes 1 to 9 form an integral part of these financial statements