Indus Dyeing & Manufacturing Co. Ltd.PSX: IDYM

Financial results for the period ended 31/3/2025

May 27, 2025 at 6:52 PM UTC · Issued by Indus Dyeing & Manufacturing Co. Ltd.

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INDUS DYSING 0 StANUP4GTUBmG GO. I•IMITSI

May 27, 2025 IDYM/01/C&SD/2025

The General Manager,

Pakistan Stock Exchange Limited, Stock Exchange Building,

Stock Exchange Road, Karachi.

Subject: Financial Results for the 3 Quarter Ended March 31, 2025

Dear Sir,

We have to inform you that the Indus Dyeing Board of Mangement in its meeting held on Tuesday, May 27, 2025 at 12:00 pm at Karachi has recommended a 'NIL' dividend

The financial statements of the company for the half period ended March 31, 2025 are attached as follows:

Condensed Unconsolidated Interim Financial Statements ( Annexures- A1 to A4)
Condensed Consolidated Interim Financial Statements ( Annexures- B1 to B4 )

The 3rdQuarterly Report of the company for the period ended March 31, 2025 will be transmitted through PUCARS separately.

Yours Sincerely,

Director

Encls: As stated above

Copy: The Executive Director / HOD, Offsite-II Department, Supervision Division,

Securities and Exchange Commission of Pakistan, NIC Building, 63 Jinnah Avenue,

Islamabad.

Sth Floor, Office No.508, Beaumont Plaza, Beaumont Road, Civil Lines Quarters, Karachi-755J0, Pakistar Tel # (92-21) 111-404-404 & 35693641 to 35693660(20 Lines). Fax If (92-21) 35693593 & 35693594

E-mail:into@indus-group.com & indus@khi.comsats.net.pk

Web Site https://www.indus-group.com

INDUS DYEING & MANUFACTURING COMPANY LIMITED

UNCONSOLIDATED CONDENSED INTERIM STATEMENT OF FINANCIAL POSITION AS AT MARCH 31, 202S

Note

fUn-Audited) fAudited)

March 31, June 30,

2025 2024

-- (Rupees in '000) -------

ASSETS

Non-current assets

Property, plant and equipment

12,438,852

12,952,745

!^*^^8*bles

1,892

2,441

Long-term investments

6,399,992

LoiJg-term cleposits

6,890

Deterrecl taxation

553,104 276,951

Current assets

Sturcs, Mpa i es and loose tools Stocl‹-in-trade

Tradc debts

Loans and advance s

Tracle deposits and short term prepayments

19,400,730

19,639,019

1,064,042	851,486
12,902,255	11,164,028
13,666,738	10,528,715
419,852	164,264
99,443	34,295
1,431,052	279,040
472,040	31,096
950,028	983,604
202,809	184,874

TOTAL ASSETS

EQUITY AND LIABILITIES

Share capital and reserves

31,208,259

50,608,989

24,221,402

43,860,421

Authorised share capita I

100,0U0,000 oi dinary shnres of Rs.10 each

_ 1,000,000 1 000,000

Issuec, sub sc ri b ed and paih -up ca pit aI

54,221,196 ordinary shñres of Rs.10 each

542,211

Rese rves

23,000,000

Unappropria te d profit.s 836,390 306,965

24,378,601

23,849,176

Non-current liabilities

4,687,728

5,S24,710

608,879

551,644

5,296,607

6,076,354

Current liabilities

3,964,569	3,593,148
2,370	2,383
376,563	3S1,854
14,557,418	8,054,575
1,002,856	886,761
1,030,005	1,021,545
	24,625

		20,933,781	13,934,891
TOTAL EQUITY AND LIABILITIES		50,608,989	43,860,421
CONTINGENCIES AND COMMITMENTS	10

The annexed explanatory notes from 1 to 20 form an integral part of these condensed interim financial statements.

CHIEF EXECUTIVE OFFICER

DIRECTOR

CHIEF FINANCIAL OFFICER

March 31,	March 31,	March 31,	March 31,
2025	2024	2025	2024

Nine months period ended Three months period ended

Note (Rupees in '000)

Revenue from contracts with customers	11	S1,054,005	51,518,096	17,711,816	14,910,068
Cost ot goods sold	12	(48,529,033)	(47,916,170)	(16,704,896)	(13,813,604)
Gross profit		2,524,972	3,601,926	1,006,920	1,096,464
Ot her incona e		388,478	137,644	34,144	(89,789)
		2,913,450	3,739,S70	1,041,064	1,006,67S
Distribu tioiJ co sI		(453,709)	(545,799)	(155,002)	(177,472)
Ad fr i tJis I i ative rx penses		(413,373)	(384,775)	(166,335)	(122,981)
Other operating expen ses		(78,405)	(59,937)	(31,806)	31,053

FiiJance cost

(1,195,408) (1,992,655) (436,048) (708,689)

Profit before levies and taxation

Profit before taxation

Profit for the period

772,555

13 (510,567)

261,988

14 267,437

529,425

756,404

(524,726)

231,678

310,361

542,039

251,873

(152,867)

99,006

324,507

423,513

28,586

(149,609)

(121,023)

179,711

58,688

- (Rupees)

Earnings per share - basic and diluted IS

9.76 10.00

7.81

1.08

The annexed extJlanatory notes from 1 to 20 form an integral part of these condensed interim financial statements.

CHIEF EXECUTIVE OFFICER DIRECTOR CHIEF FINANCIAL OFFICER

Reserves

Issued,

Capital

Investments

Revenue

Un-

subscribed Share Merger

and paid-up Premium Reserve capital

and bonus shares

General

Reserve

appropriated Total Profits

(Rupees in '000)

Balance as at June 30, 2023	542,211	10,920	11,512		14,977,568	8,289,993	23,832,204
Transferred to general reserve				6,000,000		(6,000,000)
Total comprehensive income for the period ended March 4 T, 2024
8rofit for the period UI her comprehensive income						542,039	542,039
						542,039	542,039
Balance as at March 31 2024	542,211	10,920	11,512	6,000,000	14,977,568	2,832,032	24,374,243
Balance as at June 30, 2024	542,211	10,920	11,512	6,000,000	16,977,568	306,965	z3,g49,176
Total comprehensive income for the period ended March 31, 2025
Profit for the period						529,425	529,425
Other comprehensive income
						529,425	529,425
Balance as at March 31, 2025	542,211	10,920	11,512	6,000,OOO	16,977,568	836,390	24,378,601

The a fJriexed explanatory notes from 1 to 20 form an integral part of these condensed interim financial statements.

I***** ' *..""'i*°/-/ " {.'*/',:*. t'"•"'. j 'f'•1

CHIEF EXECUTIVE OFFICER DIRECTOR CHIEF FINANCIAL OFFICER

? fi '/" T!

(Un-Audited)

Nine months period ended March 31, March 31,

2025 2024

16.	CASH GENERATED FROM OPERATIONS Profit before taxation	261,988	99,006
	Adjustments Depreciation of property, plant and equipment	845,434	860,517
	Depreciation on right of use assets	11,960	11,960
	Amortisation on intangibles	549	785
	Provision for gratuity	105,112	74,792
	Provision for stores, spares and loose tools		10,000
	Unrealised / loss (gain) on revaluation of foreign currency loans	20,664	(137,700)
	Unreaslised loss on revaluation of foreign currency - net	279	16,061
	Unreaslised (gain) / loss on revaluation of foreign currency debtors	(3,570)	32,911
	( Gain ) on disposal of property, plant and equipment	(A93)	(3,995)
	Amortisation of grant income	(55,176)	(56,990)
	Dividend income	(229,239)	(2,958)
	Income on investment in PIB	(71,295)
	Finance cost	1,168,871	2,003,727
	Loss on redemption of mutual funds	689
	Profit on fixed deposits	(1,369)
	Unrealised ( gain ) on revaluation of other financial assets	24,037	(11,382)
	Levies	510,567	524,726
	Cash generated before working capital changes	2,589,008	3,421,460
	Working capital changes
	(Increase) / decrease in current assets
	Stores, spares and loose tools	(212,556)	(216,378)
	Stock in trade	(1,738,227)	(1,288,356)
	Trade debts	(3,134,453)	(671,479)
	Loans and advances	(88,449)	(34,031)
	Trade deposits and short term prepayments	(65,148)	(126,370)
	Other receivables	(1,152,012)	(22,255)
	Sales tax refundable	33,576	(300,477)
		(6,357,269)	(2,659,346)
	Increase / (decrease) in current liabilities
	Trade and other payables	322,651	965,458
	Short-term borrowings	974,453	429,368
	Cash generated from operations	(2,471,157)	2,156,940

(Rupees in '000)

INDUS DYEING & MANUFACTURING COMPANY LIMITED

UNCONSOLIDAT ED CONDENSED INTERIM STATEMENT OF CASH FLOWS (UN-AUDITED)

FOR THE NINE MONTHS PERIOD ENDED MARCH 31, 2025

Nine months period ended March 31, March 31,

2025 2024

Note --------------- (Rupees in '000) ------------

A. CASH FLOW FROM OPERATING ACTIVITIES

(2,471,157)

2,156,940

(639,243)

479,396

(1,073,004)

(2,175,895)

(47,565)

(83,827)

Net cash (used in) / generated from operating activities

(4,230,969)

376,614

B. CASH FLOWS FROM INVESTING ACTIVITIES

Purchase o( property, plant and equipment - net of capital work in progress

(339,039)

(969,661)

Proceeds front disposal of property, plant and equipment

3,675

6,826

Purchase of investments

(464,979)

Proceeds from disposal of investments

21,906

Profit o banks' deposit Dividend received

1,369

2Z9,239

2,958

Net cash used in investing activities

(569,735)

(937,971)

C. CASH FLOWS FROM FINANCING ACTIVITIES

Loug-teri1J fine ncing obtained

53,955

Long-te i i›J fiiJancirJg repaid

(720,887)

(487,611)

Pbyment against l‹'ase liabilities

(24,624)

(17,953)

Dividend paid

(13)

(16,063)

Net cash used in financing activities

(745,524)

(467,672)

Net (decrease) / increase in cash and cash equivalents (A+B+C)

(5,546,228)

(1,029,029)

Cash and cash equivalents at beginning of the period

(19,654)

(2,404,741)

Effect of exchange rate changes on cash and cash equivalents

(279)

(16,061)

Cash and cash equivalents at end of the period

(5,566,161)

(3,449,83 1)

CASH AND CASH EQUIVALENTS

202,809

294,180

(5,768,970)

(3,744,011)

(5,566,161)

(3,449,83 1)

The annexed expla oatory notes from 1 to 20 form an integral part of these condensed interim financial statements.

CHIEF EXECUTIVE OFFICER CHIEF FINANCIAL OFFICER

INDUS DYEING & MANUFACTURING COMPANY LIMITED

CONSOLIDATED CONDENSED INTERIM STATEMENT OF FINANCIAL POSITION AS AT MARCH 31, 2025

Note

Mar 31, June 30,

2025 2024

(Un-Audited) (Audited)

- --- (Rupees in '000) -------

ASSETS

non-current assets

6 40,391,769

9,191

7 85,030

32,874

821,365

41,340,229

38,804,117

11,86 1

81,212

20,451

1,594

527,960

39,447,195

Current assets

1,884,647	1,820,834
23,826,547	18,890,222
22,315,782	17,510,904
818,516	786,441
140,129	83,591
1,532,232	493,068
712,375	40,127
2,423,976	1,590,814
537,968	1,315,615

i ‹Id e d e p os'its & Sh c›rt t i n p I ilp ay ments

Uthei" receivabl es

O I lv er f i t a in ci al as set s 8

TOTAL ASSETS

EQUITY AND LIABILITIES

Share capital and reserves

Issued, subscribed and runid-up capital

ñ4,221,19G oi di inai y sInar c°s of Rs. IO ‹2ach

Now-curre nt liabilities

54,192,172

95,532,401

542,211	542,211
22,995,007	23,000,677
8,768,663	8,404,707
32,305,881	31,947,595

1,000,000

42,531,616

81,978,811

1,000,000

21,183,253	20,173,564
1,164,796	895,161
23,353	24,465

22,371,402 21,093, 190

5,767,899	6,423,720
2,370	2,384
812,357	597,128
30,088,360	18,048,142
2,997,723	2,745,666
1,154,764	1,090,926
5,156	30,060
26,489

Curre nt liabilities

TOTAL EQUITY AND LIABILITIES CONTINGENCIES AND COMMITMENTS

40,855,118

95,532,401

28,938,026

81,978,811

Li c a tJnexed expIan‹tory notes from 1 to IN form ar› integral part of these condensed interim financial statements.

CHIEF EXECUIIVE OFFIC£ R DIRECTOR CHIEF FINANCIAL OFFICER

ING JS DYEING & MANUFACTURING COMPANY LIMITED

CONSOLIDATED CONDENSED INTERIM STATEMENT OF PROFIT OR LOSS ( UN-AUDITED ) FOR THE NINE MONTHS AND THREE MONTHS PERIOD ENDED MARCH 31, 2025

Nine months period ended Three months period ended

Mar 31,

2025

Va‹31, 2024

Mar 31,

2025

Mar 31,

2024

Note

- ---- - - - - -- (Rupees in '000) -----------------------------

80,151,416

78,486,782

28,023,S00

23,820,086

1,384,160

1,836,873

358,831

255,329

(75,699,703)

(73,108,S07)

(26,164,402)

(22,236,298)

5,835,873

7,215,148

2,217,929

1,839,117

536,599

597,138

110,612

(63,548)

6,372,472

7,812,286

2,328,541

1,77S,s69

Distribution cost

(1,307,301)

(1,347,157)

(404,735)

(434,321)

Adm in is I ra tive expenses

(821,893)

(790,774)

(300,916)

(266,269)

Other oper ating expeiJse

(155,823)

(120,509)

(76,478)

29,460

Fi «n ce cost

(2,949,608)

(3,882,608)

(1,059,242)

(1,276,719)

(5,234,625)

(6,141,048)

(1,841,371)

(1,947,849j

Share of prolit fi own r ssociate- iJut of tax

3,818

718

415

Profit before levies and taxation

1,141,66S

1,675,056

487,888

(171,865)

(775,588)

(825,9 11)

(350,111)

(286,606)

Profit before taxation

366,077

849,145

137,777

(458,471)

Taxatio«

(2,121)

356,754

170,748

314,711

Profit after taxation

363,956

1,205,899

308,525

(143,760)

(Rupees)

Earnings per share - basic and diluted

15 6.71 22.24

5.69

(2.65)

The annex‹'d oxt›lanatory note s Iron 1 to 10 form an integral part of these condensed interim financial statements.

CHIEF EXECUTIVE OFFICER DIRECTOR

INDUS DYEING & MANUFACTURING COMPANY LIMITE 0

CONSOLIDATED CONDENSED ENT ERIM STAT EMENT OF CHANGES IN EQUITY FOR THE NINE MONTHS PERIOD ENDED MARCH 31, 2025

Reserves

Issued,

CapjtaI

Investment Exchange

Reve nue

subscribed Share

and paid-up Premium

Merge F and bonus translation

Rese rve

s dares rese rve

General Un-appropriated

Reserve Profits

(Rupees in '000)

- - -

Balance at June 30. 2023 (Audited)

Total compre hensive income for the period ended March 31, 2024

10,920 11.612

677 14977.568

15.938.592 31 481 480

(6,?00,000)

Profit for the pei lad Other comprehensive income					(245)		1,205,899	I,205,699 (245
					(245)		1,205,899	1,205,654
Balance at March 31, 2024 ( Un-Audited )	542,211	10,920	11,512	6,000,000	432	14,977,568	11,144,491	32,687,134
Baiance at June 30, 2024 (Audited)	542,211	10,920	11,512	6,000,000	677	16,977,568	8,404,707	31,947,595
Total comprehensive income for the period ended March 31, 2025
Profit for the period							363,956	363,956
Other comprehensive income					(5,670)			(5,670
					(5,670)		363,956	358,286
Balance at March 31, 2025 ( Un-Audited )	542,211	10,920	11,512	6,000,000	(4,993)	16,977,568	8,768,663	32,305,881

The annexed explanatory notes from 1 to 19 form an integral part of these condensed interim financial Statements.

CHIEF EXECUTIVE OFFICER DIRECTOR CHIEF FINANCIAL OFFICER

Net cash used in iinvesting activities

(4,602,054)

(3,242,208)

CASH FLOWS FROM FINANCING ACTIVITIES

3,311,537

1,022,245

(2,228,183)

(697,200)

(29,671)

(25,812)

(226,044)

(16,063)

6,10 1

Net cash (used in) / generated from financing activities

827,639

289,271

Net (decrease) / increase in cash and cash equivalents (A+B+C)

(13,743,578)

(2,876,961)

Cash and cash equivalents at beginning of the period

976,237

(4,178,225)

Effect of exchange rate changes on cash and cash equivalents

(5,670)

161

Cash and cash equivalents at end of the period

(12,773,011)

(7,055,025)

CASH AND CASH EQUIVALENTS

Cash and bank balances

537,968

1,568,736

Sha t turn runri ng hnunce

(13,310,979)

(8,623,761)

(12,773,011)

(7,055,025)

CI3IEF EXECUTIVE OFFICER DIRECTOR CHIEF FINANCIAL OFFICER

4)y Z t ' • › ,t^ ? @ '

INDUS DYEING & MANUFACTURING COMPANY LIMITED

CONSOLIDATED CONDENSED INTERIM STATEMENT OF CASH FLOWS ( UN-AUDITED ) FOR THE NINE MONTHS PERIOD ENDED MARCH 31, 2025

Nine months period ended

Mar 31, Mar 31,

2025 2024

- - - -- (Rupees in '000) -------------

CASH FLOWS FROM OPERATING ACTIVITIES

°+olit betorelwxuLio

366,077

137,777

Adjustments

2,090,104

2,065,209

11,960

15,653

2,669

1,178

137,983

92,930

10,000

(3,818)

S2,690

(6,743)

(74,310)

9,584

(4,114)

(56,990)

24,037

(28,629)

(3,662)

(26,643)

3,882,608

689

6,918

Pro fit on fixed depo sits

(113,943)

C 0 I(^ FFT d g Fd ft ( I f1 CU IN 1 0

(124,302)

775,588

825,911

Cash generated before working capital changes

3,222,731

6,843,680

Working capital changes

(Increase) / decrease in current assets

(63,813)	(179,709)
(4,936,325	(2,478,6 14
(4,804,878	653,344
140,158	(105,897)
(56,538	(109,3 26)
(1,039,164	142,480
(833,162
(12,423	7,355

Increase / (decrease) in current liabilities

(11,606,145)

(2,070,367]

I rudc nd ot t'i [x y bIes

(105,872)

(1,780,636)

$ho J?e 'rr be r cw imps

2,383,860

3,675,640

Cash generated from / (used in) operations

(6,105,426)

6,668,3 17

(1,112,860)

(2,240,402)

(2,627,757)

(4,210,658)

(123,120)

(141,281)

Net cash generated from / (used in) operating activities

(9,969,163)

75,976

CASH FLOWS FROM INVESTING ACTIVITIES

(4,1S7,948)

(3,34 1,225)

3,675

74,153

113,943

3,662

2,9S8

(565,386)

21,906

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