FAX: 051-2651285-6
Ref: CSM/PSX/.¿/ !/c'
The General Manager
Pakistan Stock Exchange Limited Stock Exchange Building
Stock Exchange Road Karachi.
May 27, 2025
Re: FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED MARCH 31 , 2025
Dear Sir,
We would like to inform you that the Board of Directors of the Company, in the Meeting held on Tuesday May 27, 2025 at 11:00 a.m. has approved the following financial results for the Quarter and Half Year ended on March 31, 2025:
Quarter ended Sixmonth period ended
March 31, 2025 | March 31, 2024 Rupees | March 31, 2025 in thousand | March 31, 2024 | ||||
Gross sales | 5,317,669 | 6,397,183 | 11,253,624 | 13,390,685 | |||
Sales tax, other government | |||||||
levies and discounts | (755,909) | (726,300) | (1,300,736) | (1,452,801) | |||
Sales - net | 4,561,760 | 5,670,883 | 9,952,888 | 11,937,884 | |||
Cost of Sales | (4,292,445) | (4,698,966) | (9,607,992) | (9,079,747) | |||
Gross Profit | 269,315 | 971,917 | 344,896 | 2,858,137 | |||
Selling and distribution expenses | (298,310) | (230,271) | (568,828) | (466,594) | |||
Administrative and general expenses | (349,801) | (298,444) | (667,261) | (598,188) | |||
Other Income | 145,110 | 92,540 | 635,647 | 166,384 | |||
Other Expenses | (2,009) | 44,061 | (2,015) | (10,118) | |||
(Loss) /Profit from Operations | (235,695) | 579,803 | (257,561) | 1,949,622 | |||
Finance Cost - net | (780,315) | (1,257,695) | (1,834,510) | (1,934,952) | |||
(Loss) / profit before revenue tax and income tax | (1,016,010) | (677,892) | (2,092,071) 14,670 | ||||
Final taxes - levy | (57,672) | (17,599) | (125,078) (40,068) | ||||
Loss before income tax | (1,073,682) | (695,491) | (2,217,149) | (25,398) | |||
Income tax expenses | 478,399 | 192,317 | 974,732 | 70,150 | |||
(Loss) / profit for the period | (595,283) | (503,174) | (1,242,417) | 7 2 | |||
(Loss)/Earnings per Share
- basic and diluted
-----•--------------------- Rupees -------------------------
(20.75) (17.54) (43.30) 1.56
Th Hal early reports of our Company will be submitted electronically through PURCARS as per PSX Notice No. PSX
/N * ted September 03, 2018.
(Muja d B hir) Com any Secretary
: ChasiMna kihnnol feel P!aut - 1iaoiai‹, Bear Ismail Kit an 'tel: (0966) 756023
CHASHMA SUGAR MILLS LIMITED
CONDENSED INTERIM STATEMENT OF FINANCIAL POSITION AS AT MARCH 31, 2025
Equity and Liabilities
Un-Audited Audited March 31, September 30,
2025 2024
Note - - - - Rupees in '000 - - - -
Share Capital and Reserves | ||||
Authorised capital | 500,000 | 500,000 | ||
Issued, subscribed and paid-up capital | 6 | 286,920 | 286,920 | |
General reserve 327,000 | 327,000 | |||
Surplus on revaluation of property, plant and equipment | 9,624,512 | 8,978,222 | ||
Unappropriated profits | 2,663,389 | 3,550,096 | ||
Shareholders' equity | 12,901,821 | 13,142,238 | ||
Non-Current Liabilities | ||||
Long term finances - secured | 7 | 4,585,604 | 3,989,793 | |
Loans from related parties - secured | 8 | 115,597 | 126,222 | |
Lease Liabilities | 9 | 182,616 | 143,011 | |
Deferred liabilities | ||||
- Deferred taxation | 1,041,444 | 3,018,176 | ||
- Provision for gratuity | 20,981 | 22,132 | ||
- Deferred government grant | 38,150 | 49,695 | ||
1,100,575 | 3,090,003 | |||
Current Liabilities | 5,984,392 | 7,349,029 | ||
Trade and other payables | 10 | 3,158,347 | 1,483,125 | |
Short term finances | 11 | 21,185,967 | 8,325,008 | |
Current maturity of non current liabilities | 12 | 650,599 | 939,449 | |
Unclaimed dividend | 15,679 | 15,679 | ||
Provision for income tax / levies | 515,453 | 390,372 | ||
25,526,045 | 11,153,633 | |||
Total Liabilities | 31,510,437 | 18,502,662 | ||
Contingencies and commitments | 13 | |||
Total Equity And Liabilities | 44,412,258 | 31,644,900 | ||
The annexed notes form an integral part of these condensed interim financial statements.
DirectorChief Executive Officer Chief Financial Officer
CHASHMA SUGAR MILLS LIMITED
CONDENSED INTERIM STATEMENT OF FINANCIAL POSITION AS AT MARCH 31, 2025
AssetsNon-Current Assets
Un-Audited Audited March 31, September 30,
2025 2024
Note - - - Rupees in '000 - - -
Property, plant and equipment | 14 | 20,831,118 | 21,545,185 | |
Right-of-use assets | 15 | 349,179 | 295,474 | |
Long term investments | 16 | 1,652,823 | 1,652,823 | |
Long term security deposits | 15,343 | 15,343 | ||
22,848,463 23,508,825 urrent Assets | ||||
Stores and spares | 729,232 | 732,276 | ||
Stock-in-trade | 17 | 15,403,567 | 3,988,480 | |
Trade debts | 18 | 654,674 | 276,285 | |
Loans and advances | 19 | 3,277,573 | 1,560,065 | |
Trade deposits and other receivables | 20 | 424,191 | 285,123 | |
Income tax refundable | 598,074 | 395,063 | ||
Cash and bank balances | 21 | 476,484 | 898,783 | |
21,563,795 | 8,136,075 | |||
otal Assets 44,412,258 31,644,900 | ||||
C
T
The annexed notes form an integral part of these condensed interim financial statements.
Chief Executive Office tt. Director Chief Financial Officer ""
CHASHMA SUGAR MILLS LIMITED
CONDENSED INTERIM STATEMENT OF PROFIT OR LOSS (UN-AUDITED) FOR THE QUARTER AND SIX MONTHS PERIOD ENDED MARCH 31, 2025
Quarter ended Six months period ended
March 31, 2025 | March 31, 2024 | March 31, 2025 | March 31, 2024 | |||
Note - - - - - - - - Rupees in '000 - - - - - - - - | ||||||
Gross sales | 22 | 5,317,669 | 6,397,183 | 11,253,624 | 13,390,685 | |
Sales tax, other government levies and discounts | 22 | (755,909) | (726,300) | (1,300,736) | (1,452,801) | |
Sales - net | 4,561,760 | 5,670,883 | 9,952,888 | 11,937,884 | ||
Cost of sales | (4,292,445) | (4,698,966) | (9,607,992) | (9,079,747) | ||
Gross profit | 269,315 | 971,917 | 344,896 | 2,858,137 | ||
Selling and distribution expenses | (298,310) | (230,271) | (568,828) | (466,594) | ||
Administrative and general expenses | (349,801) | (298,444) | (667,261) | (598,188) | ||
Other income | 145,110 | 92,540 | 635,647 | 166,384 | ||
Other expenses | (2,009) | 44,061 | (2,015) | (10,118) | ||
(Loss) / profit from operations | (235,695) | 579,803 | (257,561) | 1,949,622 | ||
Finance cost - net | (780,315) | (1,257,695) | (1,834,510) | (1,934,952) | ||
(Loss) / profit before revenue tax | ||||||
and income tax | (1,016,010) | (677,892) | (2,092,071) | 14,670 | ||
Final taxes - levy 23 | (57,672) | (17,599) | (125,078) | (40,068) | ||
Loss before income tax | (1,073,682) | (695,491) | (2,217,149) | (25,398) | ||
Income tax expenses 23 | 478,399 | 192,317 | 974,732 | 70,150 | ||
(Loss) / profit for the period | (595,283) | (503,174) | (1,242,417) | _ | 44,752 | |
e (Loss) / earnings per share
basic and diluted
- - - - - - - - - - - Rupees - - - - - - - - - - - -
(20.75) (17.54) (43.30)
1.56
The annexed notes form an integral part of these condensed interim financial statements.
Chief Executive Officers I; ¿ p Director Chief Financial Officer
CHASHMA SUGAR MILLS LIMITED
CONDENSED INTERIM STATEMENT OF COMPREHENSIVE INCOME (UN-AUDITED) FOR THE QUARTER AND SIX MONTHS PERIOD ENDED MARCH 31, 2025
(Loss) / profit for the period Other comprehensive income
Surplus on revaluation of property, plant and equipment
Add: deferred tax on surplus on revaluation of property, plant and equipment
Quarter ended Six month period ended
March 31, March 31, March 31, March 31, "
2025 2024 2025 2024
- - - - - - - - Rupees in '000 - - - - - - - -
(595,283) (503,174) (1,242,417) 44,752
611,912
611,912
611,912 611,912
Total comprehensive (loss) I income for the period (595,283) 108,739 (1,242,417) 656,664 The annexed notes form an integral part of these condensed interim financial statements.
Chief Executive Officer Chief Financial Officer
CHASHMA SUGAR MILLS LIMITED
CONDENSED INTERIM STATEMENT OF CHANGES IN EQUITY (UN-AUDITED) FOR THE SIX MONTHS PERIOD ENDED MARCH 31, 2025
Share General
capital reserve
Surplus on
revaluation of Un-
Property, appropriated Total plant and profits
equipment
- - - - - - - - - - - Rupees in '000 -
Balance as at October 01, 2023 (Audited) | 286,920 | 327,000 | 8,148,726 | 5,775,450 | 14,538,096 |
Total comprehensive income for the six month | |||||
period ended March 31,2024 | |||||
Profit for the period | 44752 | 44,752 | |||
Other comprehensive income for the period | 611,912 | 611,912 | |||
656,664 | 656,664 | ||||
Transfer on account of incremental depreciation (Net of deferred taxation) | (304,543) | 304,543 | |||
Cash dividend at the rate of Rs.5 per ordinary share for the year | |||||
ended September 30, 2023 | (143,460) | (143,460) | |||
Balance as at March 31, 2024 (Un-Audited) | 286,920 | 327,000 | 7,844,183 | 6,593,197 | 15,051,300 |
Balance as at October 01, 2024 (Audited) | 286,920 | 327,000 | 8,978,222 | 3,550,096 | 13,142,238 |
Total comprehensive loss for the six month | |||||
period ended March 31,2025 | |||||
Loss for the period | (1,242,417) | (1,242,417) | |||
Other comprehensive income for the period | |||||
(1,242,417) | (1,242,417) | ||||
Effect of change in effective tax rate | 1,002,000 | 1,002,000 | |||
Transfer on account of incremental depreciation | |||||
(Net of deferred taxation) | (355,710) | 355,710 | |||
Balance as at March 31, 2025 (Un-Audited) | 286,920 | 327,000 | 9,624,54 2 | 2,663,389 | 12,901,821 |
The annexed notes form an integral part of these condensed interim financial statements
Chief Financial Officer
Chief Executive Officer ,/ . T Director