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DADABHOY CEMENT INDUSTRIES LIMITED UN-AUDITED FINANCIAL STATEMENTS
FOR THE THREE MONTHS PERIOD ENDED SEPTEMBER 30, 2025
DADABHOY CEMENT INDUSTRIES LIMITED
COMPANY INFORMATION
BOARD OF DIRECTORS
Mr. Fazal Karim Dadabhoy Chief Executive
Mr. Danish Dadabhoy Mr. Shahban Ali
Mr. Jumma Baig
Mr. Mohammad Zaman Mr. Munir Hussain
Mr. Liaquat Hussain
CHIEF FINANCIAL OFFICER
Mr. Aslam Motan
COMPANY SECRETARY
Mr. Muhammad Rashid.
AUDITORS
M/s. S.M. Suhail Co., Chartered Accountants
LEGAL ADVISOR
Mr. Salim Thepdawala & Company
BANKER
Silk Bank Limited Bank Al Habib Limited
REGISTERED OFFICE
Noor Centre Office No.4, 2nd Floor Plot No. 30-C Ittehad Lane 12 Phase VII D.H.A, Karachi.
Tel : 021-35312007-9
URL : https://www.mhdadabhoy.com
SHARE REGISTRAR
Formerly M/s. Technology Trade (Pvt) Ltd. Dagia House, 241-C, Block 2, P.E.C.H.S. Off Shahrah-e-Quaideen, Karachi.
Telephone No. 43913 16-17, Fax No. 4391318
FACTORY
Nooriabad Deh Kalu Kohar, District Dadu (Sindh)
HUMAN RESOURCE & REMUNERATION COMMITTEE
Mr. Jumma Baig Chairman
Mr. Danish Dadabhoy Member
Mr. Fazal Karim Dadabhoy Member
AUDIT COMMITTEE
Mr. Shahban Ali Chairman
Mr. Liaquat Hussain Member
Mr. Munir Hussain Member
DIRECTORS' REPORT In the name of Allah, the Most Merciful and the Most BenevolentThe directors of your company are pleased to present the un-audited financial statements for the three months period ended September 30, 2025.
FINANCIAL POSITION AT A GLANCEThe Comparative financial results of the company are summarized below:
Three Months Period Ended 30 September | ||
2025 | 2024 | |
--- (Rupees in '000) --- | ||
Sales-Net | - | - |
Cost of sales | - | - |
Gross profit | - | - |
Administrative expenses | (5,509) | (4,583) |
Finance cost | - | - |
Operating loss | (5,509) | (4,583) |
Other charges | - | - |
Other income | 2,386 | 5,262 |
(Loss) / Profit before taxation | (3,122) | 680 |
Taxation | - | - |
(Loss) / Profit after taxation | (3,122) | 680 |
(Loss) / Profit per share | (0.03) | 0.01 |
The Company's performance from a business viewpoint remained status quo this year and the focus was on preparing and developing a strong strategic and financial plan. We are confident that in the coming years, the Company's performance will see an upward growth.
FUTURE OUTLOOKWe are fully determined to move the Company from present situation and give a strong strategic direction to the Company.
In this regard, we have been corresponding with the prospective investors to attract the investment in the Company. Considering the increasing demand and expected growth in cement industries, we are hopeful to achieve its objective.
ACKNOWLEDGEMENTWe are pleased to record their appreciation for the continued dedications, commitment and loyalty of the employees of your company.
We are also thankful to all stakeholders for the loyalty they have shown during our difficult period.
We also appreciate the assistance and continued support of the various Government Departments, Bankers, Customers and Shareholders.
For and on behalf of the Board
Fazal Karim Dadabhoy Danish Dadabhoy Chief Executive Director
Karachi: September 30, 2025
DADABHOY CEMENT INDUSTRIES LIMITED CONDENSED INTERIM STATEMENT OF FINANCIAL POSITION
AS AT SEPTEMBER 30, 2025
September 30, June 30,
2025 2025
ASSETS Note Un-audited Audited
(Rupees in thousand)Non-Current Assets
Property, plant and equipment 4 4,857 4,627
Current Assets
Advances and other receivables | 5 | 15,049 | 14,572 | |
Short term investments | 6 | 118,203 | 118,203 | |
Cash and bank balance | 99,021 | 103,403 | ||
Total current assets | 232,273 | 236,178 | ||
Total Assets | 237,130 | 240,805 | ||
EQUITY AND LIABILITIES | ||||
Authorised Capital 150,000,000 Ordinary shares of Rs. 10 each | 1,500,000 | 1,500,000 | ||
Issued, subscribed and paid up capital | 982,366 | 982,366 |
Capital reserves
Other capital reserves 33,224 33,224
Revenue reserves
Accumulated losses | (785,888) | (782,766) | |
Shareholders' equity | 229,702 | 232,824 | |
Current Liabilities | |||
Trade and other payables | 6,688.59 | 7,241 | |
Income tax liability | 174 | 174 | |
Unclaimed dividend | 566 | 566 | |
Total Liabilities | 7,429 | 7,981 | |
Total Equity and Liabilities | 237,130 | 240,805 |
The annexed notes from 1 to 8 form an integral part of these condensed interim financial statements.
Chief Executive Chief Financial Officer Director DADABHOY CEMENT INDUSTRIES LIMITED CONDENSED INTERIM STATEMENT OF PROFIT AND LOSS ACCOUNT (UN- AUDITED) FOR THE THREE MONTH PERIOD ENDED SEPTEMBER 30, 2025 September 30, September 30, 2025 2024
(Rupees in thousand)
Administrative expenses Other operating expenses Finance cost- bank charges Operating loss | (5,509) - -(5,509) | (4,583) - -(4,583) | |
Other income | 2,386 | 5,262 | |
Loss before taxation | (3,122) | 680 | |
Taxation | - | - | |
Loss after taxation Other comprehensive income/ (loss) for the period | (3,122) - | 680 - | |
Total comprehensive income / (loss) for the period | (3,122) | 680 | |
Loss per share- basic and diluted | (0.03) | 0.01 |
The annexed notes from 1 to 8 form an integral part of these condensed interim financial statements.
Chief Executive Chief Financial Officer Director
Issued, subscribed and paid up capital Other capital reserves Accumulated losses Shareholders' equity(Rupees in thousand)
Balance as at June 30, 2024 | 982,366 | 33,224 | (770,281) | 245,309 | |||
Net loss for the period Other comprehensive income for the period | - - | - - | 680 - | 680 - | |||
Total comprehensive loss for the period | - | - | 680 | 680 | |||
Balance as at September 30, 2024 (Un- Audited) | 982,366 | 33,224 | (769,601) | 245,989 | |||
Balance as at June 30, 2025 | 982,366 | 33,224 | (782,766) | 232,824 | |||
Net loss for the period Other comprehensive income for the period | - - | - - | (3,122) - | (3,122) - | |||
Total comprehensive loss for the period | - | - | (3,122) | (3,122) | |||
Balance as at September 30, 2025 (Un- Audited) | 982,366 | 33,224 | (785,888) | 229,702 |
The annexed notes from 1 to 8 form an integral part of these condensed interim financial statements.
Chief Executive Chief Financial Officer Director
September 30, 2025 | September 30, 2024 | |||
(Rupees in thousand) | ||||
A. CASH FLOW FROM OPERATING ACTIVITIES | ||||
Loss before taxation Adjustments for: Depreciation for the period | (3,122) 240 | 680 257 | ||
Finance cost | - | - | ||
Cash outflow before working capital changes | (2,882) | 936 | ||
Working capital changes: | ||||
Increase in current assets | ||||
Advances and other receivable | (477) | (789) | ||
Trade and other payables | (552) | (514) | ||
Cash used in operating activities Finance cost paid | (3,912) - | (367) - | ||
Net cash used in operating activities | (3,912) | (367) | ||
B. CASH FLOW FROM INVESTING ACTIVITIES | ||||
Purchase of fixed assets | (470) | (90) | ||
Net cash used in investing activities | (470) | (90) | ||
Net decrease in cash and cash equivalents | (4,382) | (457) | ||
Cash and cash equivalents at beginning of the period | 103,403 | 116,939 | ||
Cash and cash equivalents at end of the period | 99,021 | 116,482 | ||
The annexed notes from 1 to 8 form an integral part of these condensed interim financial statements.
Chief Executive Chief Financial Officer Director
NOTES TO THE CONDENSED INTERIM FINANCIAL STATEMENTS (UN-AUDITED) FOR THE THREE MONTH PERIOD ENDED SEPTEMBER 30, 2025
STATUS AND NATURE OF BUSINESS
Dadabhoy Cement Industries Limited (DCIL) was incorporated on 09 August 1979 as a public limited company and is listed on Pakistan Stock Exchange Limited. The Company is engaged in the manufacturing and sale of ordinary Portland, slag and sulphate resistant cement. The Company's registered office is situated at 28-30C/ II, 04 Noor Centre, Lane # 12th , Khayaban-e-Ittehad, Phase VII Ext., D.H.A., Karachi.
Trading in shares of the Company was suspended by the Stock Exchanges on April 13, 2015 due to non compliances with respect to PSX regulations.
BASIS OF PREPARATION OF CONDENSED INTERIM FINANCIAL STATEMENTS
Statement of compliance
This condensed interim financial information of the Company for the three month period ended September 30, 2025 is unaudited and have been prepared in accordance with the requirements of the International Accounting Standard 34 - 'Interim Financial Reporting' and provisions of and directives issued under the Companies Act, 2017 (the Act). In case where requirements differ, the provisions of or directives issued under the Act have been followed.
The figures of this condensed interim profit and loss account for the quarter ended September 30, 2025 have not been reviewed by the auditors of the Company. This condensed interim financial information does not include all the information and disclosures required in annual financial statements, and should be read in conjunction with the Company's annual financial statements for the year ended June 30, 2025.
SIGNIFICANT ACCOUNTING POLICIES AND ESTIMATES
The accounting policies and the methods of computation adopted in preparation of these condensed interim financial statements are the same as those applied in preparation of annual financial statements for the year ended 30 June 2025.
The preparation of these condensed interim financial statements in conformity with the approved accounting standards, as applicable in Pakistan, requires management to make judgments, estimates and assumptions that affect the application of policies and the reported amounts of assets, liabilities, income and expenses.
The estimates and associated assumptions are based on historical experience and various other factors that are believed to be reasonable under the circumstances, the results of which form the basis of making the judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. Actual results may differ from these estimates.
Un-audited September 30, | Audited June 30, | |
Note | 2025 | 2025 |
(Rupees in thousand) | ||
4 PROPERTY, PLANT & EQUIPMENT | ||
Opening book value | 4,627 | 5,125 |
Add: Additions during the period / year | 470 | 660 |
Less: Depreciation charged during the period / year | (240) | (1,157) |
Closing book value | 4,857 | 4,627 |
5 ADVANCES AND OTHER RECEIVABLES | ||
The estimates and judgements applied by the management in preparation of these condensed interim financial statements is same as those applied in preparation of annual financial statements of the Company for the year ended 30 June 2025.
Advance tax | 9,738 | 9,261 | |
Deposits | 220 | 220 | |
Other receivables | |||
From Dadabhoy Hydrocarbon (Pvt.) Limited | 829 | 829 | |
From Dadabhoy Construction Technology Limited | 110 | 110 | |
From related parties | 5.1 | 4,153 | 4,153 |
15,049 | 14,572 | ||
- Considered good Advances
NOTES TO THE CONDENSED INTERIM FINANCIAL STATEMENTS (UN-AUDITED) FOR THE THREE MONTH PERIOD ENDED SEPTEMBER 30, 2025-
ADVANCES AND OTHER RECEIVABLES (CONTINUED)
This includes receivable from Dadabhoy Sack Limited amounting to Rs. 2.638 (2025: Rs. 2.638) million, Dadabhoy Energy Supply Limited amounting to Rs. 0.838 (2025: Rs. 0.838) million, Dadabhoy Uni-Minerals Limited amounting to Rs. 0.020 (2025: 0.020) million, Dadabhoy Trading Corporation amounting to Rs.
0.210 (2025: 0.210) million and Leo Private Ltd amounting to Rs. 0.0625 (2025: 0.0625) million . This represents the reimbursable expenses incurred on behalf of the related parties and are recoverable on demand. Closing balance represents the maximum aggregate amount outstanding at any time during the year with respect to month end balances.
Un-audited Audited
September 30, June 30,
-
SHORT TERM INVESTMENTS Note 2025 2025
(Rupees in thousand)
Investments in associate
Dadabhoy Energy Supply Company Limited 6.1 & 6.2 118,264 118,264
Dadabhoy Energy Supply Company Limited (DESCL) was incorporated in Pakistan on May 29, 1994 having its registered office and principal place of business located at Noor Centre, office No.4, 2nd floor, plot no. 30-C, Ittehad Lane No.12, Phase VII, D.H.A., Karachi.
Previously, management of DESCL had decided to windup the company, therefore, investment in DESCL had been classified as short term as it is likely that the Company will receive its due share of net assets of DESCL within the next financial year.
Un-audited Audited
September 30, June 30, 2025 2025 (Rupees in thousand)-
Investment at cost
Investment - cost
205,000
205,000
Provision for impairment
(86,797)
(86,797)
Book value of investment
118,203
118,203
-
GENERAL
Figures have been rounded off to the nearest Rupee.
Corresponding figures have beed re-arranged, where necessary, for the purpose of comparison.
- DATE OF AUTHORISATION FOR ISSUE
These condensed interim financial statements have been authorized for issue on 30 October, 2025 by the Board of Directors of the Company.
Chief Executive Chief Financial Officer Director