On Monday, 25 November 2024, Azgard Nine Limited held its Corporate Briefing Session in Lahore on its results for the year ended 30 June 2024.
Management reported net sales of Rs36.5 billion, up from Rs31.6 billion, with export sales of Rs34.5 billion and profit after tax of Rs675 million (EPS Rs1.37). The outlook set out the cost pressures of the year, including higher raw material, shipping and power costs and a rise in the minimum wage from Rs32,000 to Rs37,000, and said margins were expected to improve as markets gradually normalised. Good customer retention, innovation capabilities and in-house power generation remained the company's listed strengths.
Key facts
- Date25 November 2024, Lahore
- FY2024 net salesRs36,517 million, up 15.7%
- FY2024 export sales (gross)Rs34,472 million
- FY2024 profit after taxRs675 million; EPS Rs1.37
The presentation is available to download. Growing export sales show the trust global brands place in Azgard9.
