Condensed Interim Statement of Comprehensive Income (Un-audited) | ||||
For the Quarter Ended December 31, 2024 | ||||
Un-audited | Un-audited | |||
Dec 31 | Dec 31 | |||
2024 | 2023 | |||
(Rupees in thousands) | ||||
Sales - net | 2,767,201 | 2,456,044 | ||
Cost of sales | (2,580,644) | (2,248,482) | ||
Gross profit | 186,557 | 207,562 | ||
Operating expenses: | ||||
Administrative Expenses | 55,515 | 55,097 | ||
Distribution Cost | 3,546 | 3,660 | ||
59,061 | 58,757 | |||
Operating profits | 127,496 | 148,805 | ||
Finance cost | (56,764) | (53,200) | ||
Other income | (4,841) | (2,911) | ||
Profit before taxation and levy | 65,891 | 92,694 | ||
Levy | (32,548) | (31,775) | ||
Profit before taxation | 33,343 | 60,919 | ||
Taxation | 13,880 | (4,488) | ||
Profit after taxation | 47,223 | 56,431 | ||
Earnings per share (rupees) | ||||
Basic & diluted | 1.38 | 1.65 | ||
Lahore: | ||||
January 29, 2025 | Chief Executive | Director | Chief Financial Officer | |
| JSML 1st Quarter 2025 |
Condensed Interim Statement of Other Comprehensive Income (Un-audited)
For the Quarter Ended December 31, 2024
Un-audited | Un-audited | ||
Dec 31 | Dec 31 | ||
2024 | 2023 | ||
(Rupees in thousands) | |||
Profit after taxation | 47,223 | 56,431 | |
Other comprehensive income for the period | |||
Items that will not be reclassified subsequently | |||
to profit and loss account: | |||
Gain on revaluation of land, building, | - | - | |
plant & machinery - net of tax | |||
Total comprehensive income for the period | 47,223 | 56,431 | |
Lahore:
January 29, 2025 | Chief Executive | Director | Chief Financial Officer |
7
JSML 1st Quarter 2025 |
Condensed Interim Statement of Financial Position (Un-audited)
As at December 31, 2024
Un-audited | Audited | |||
Dec 31 | Sep 30 | |||
2024 | 2024 | |||
(Rupees in thousands) | ||||
Assets | ||||
Non-current assets | ||||
Property, plant and equipment | 10,266,993 | 10,272,237 | ||
Intangible assets | 32 | 35 | ||
Long term deposits | 5,257 | 5,257 | ||
10,272,282 | 10,277,529 | |||
Current assets |
Stores, spare parts and loose tools Stock-in-trade
Loans and advances
Trade debts- unsecured considered good Trade deposits and short term prepayments Other receivables
Tax refunds due from the government Short term investments
Cash and bank balances
183,297
2,029,281
594,603
402,783
140,654
22,221
198,712
114,859
248,878
3,935,288
194,303
2,902,290
315,759
53,028
155,885
22,221
186,811
14,862
221,488
4,066,648
Total Assets | 14,207,570 | 14,344,177 | |
Lahore:
January 29, 2025 | Chief Executive | Director | Chief Financial Officer |
| JSML 1st Quarter 2025
Condensed Interim Statement of Financial Position (Un-audited)
As at December 31, 2024
Un-audited | Audited |
Dec 31 | Sep 30 |
2024 | 2024 |
(Rupees in thousands) |
Share capital and reserves
Authorized share capital
Share capital
Capital reseves:
Share premium
Revenue reserves:
Accumulated profits
Loan from sponsors
Revaluation surplus on property, plant and equipment
Total Equity
Non-current liabilities
Liability against assets subject to finance lease Deferred taxation
Current liabilities
Trade and other payables
Unclaimed dividend
Current portion of:
-
Liability against assets subject to finance lease Accrued mark-up
Short term borrowings - secured Provision for taxation
Contingencies and commitments
700,000
341,285
372,403
1,155,865
1,383,836
6,135,753
9,389,142
611
886,765
887,376
911,780
1,797
642
36,339
2,846,991
133,503
3,931,052
-
14,207,570
700,000
341,285
372,403
1,081,199
1,383,836
6,163,196
9,341,919
790
900,645
901,435
1,177,345
1,797
603
117,886
2,702,236
100,956
4,100,823
-
14,344,177
Lahore:
January 29, 2025 | Chief Executive | Director | Chief Financial Officer |
7
JSML 1st Quarter 2025 |
Condensed Interim Statement of Changes in Equity (Un-audited)
For the Quarter Ended December 31, 2024
Share | Share | Accumulated | Revaluation | Loan from | Total |
Capital | Premium | profits | Surplus | Sponsors | |
(Rupees in thousands)
Balance as on October 01, 2023 Transactions made
during the year
Profit after taxation Other comprehensive income for the period
341,285 | 372,403 | 1,000,143 | 6,276,500 | |||
- | - | - | - | |||
- | - | 56,431 | - | |||
- | - | - | - |
874,597 | 8,864,928 | |
- | - | |
- | 56,431 | |
- | - |
Total comprehensive income for the period
Incremental depreciation for the period
Balance as on
December 31, 2023
Balance as on
October 01, 2024
Transactions made during the year
Profit after taxation
Other comprehensive income for the period
Total comprehensive income for the period
Transfer of incremental depreciation (net of tax)
Balance as on
December 31, 2024
- | - | 56,431 | - | - | 56,431 | ||||||||||||||||
- | - | 29,469 | (29,469) | - | - | ||||||||||||||||
341,285 | 372,403 | 1,086,043 | 6,247,031 | 874,597 | 8,921,359 | ||||||||||||||||
341,285 | 372,403 | 1,081,199 | 6,163,196 | 1,383,836 | 9,341,919 | ||||||||||||||||
- | - | - | - | - | - | ||||||||||||||||
- | - | 47,223 | - | - | 47,223 | ||||||||||||||||
- | - | - | - | - | - | ||||||||||||||||
- | - | 47,223 | - | - | 47,223 | ||||||||||||||||
- | - | 27,443 | (27,443) | - | - | ||||||||||||||||
341,285 | 372,403 | 1,155,865 | 6,135,753 | 1,383,836 | 9,389,142 | ||||||||||||||||
Lahore:
January 29, 2025 | Chief Executive | Director | Chief Financial Officer |
| JSML 1st Quarter 2025
Condensed Interim Statement of Cash Flows (Un-audited)
For the Quarter Ended December 31, 2024
Un-audited | Un-audited |
Dec 31 | Dec 31 |
2024 | 2023 |
(Rupees in thousands) |
Cash flow from operating activities Profit before taxation Adjustments for:
Depreciation
Amortization
Provision for WPPF
Finance cost
Profit before working capital changes Working capital changes
Stores, spare parts and loose tools Stock in trade
Loans and advances
Trade debts- unsecured considered good Trade deposits and short term prepayments Trade and other payables
Cash used in operations
Finance cost paid
Taxes paid
Net cash used in operating activities
65,891
80,391
3
925
56,764
138,083
203,974
11,006
873,009
(278,843)
(349,755)
15,231
(266,490)
4,158
208,132
(138,249)
(11,901)
57,982
92,694
77,607
4
4,815
53,200
135,626
228,320
(87,599)
(282,742)
(27,103)
(57,363)
69,379
61,651
(323,777)
(95,457)
(121,535)
(45,913)
(262,905)
Lahore:
January 29, 2025 | Chief Executive | Director | Chief Financial Officer |
| JSML 1st Quarter 2025
Condensed Interim Statement of Cash Flows (Un-audited)
For the Quarter Ended December 31, 2024
Un-audited | Un-audited | ||
Dec 31 | Dec 31 | ||
2024 | 2023 | ||
(Rupees in thousands) | |||
Cash flow from investing activities | |||
Addition to fixed assets | (75,147) | (147,721) | |
Net cash generated (used in) investing activities | (75,147) | (147,721) | |
Cash flow from financing activities | |||
Lease rentals paid | (203) | (346) | |
Net cash generated from financing activities | (203) | (346) | |
Net increase in cash and cash equivalents | (17,368) | (410,971) | |
Cash and cash equivalents at beginning of the period | (2,465,886) | (1,181,054) | |
Cash and cash equivalents at the end of the period | (2,483,254) | (1,592,025) | |
Cash and cash equivalents comprise of following | |||
statement of financial position amounts: | |||
- Short term investments | 114,859 | 14,868 | |
- Cash and bank balances | 248,878 | 551,178 | |
- Short term borrowings | (2,846,991) | (2,158,071) | |
(2,483,254) | (1,592,025) | ||
Lahore:
January 29, 2025 | Chief Executive | Director | Chief Financial Officer |
7
JSML 1st Quarter 2025 |