INCOME STATEMENT

Fiscal year is April-March. All values PKR Millions. 2022 2021 2020
Sales/Revenue 131,930 93,157 84,776
Sales Growth 41.62% 9.89% 2.87%
Cost of Goods Sold (COGS) incl. D&A 122,646 86,707 79,040
COGS excluding D&A 121,401 85,707 77,739
Depreciation & Amortization Expense 1,245 85,440 1,301
Depreciation 1,193 12,67 1,258
Amortization of Intangibles 52 1,218 42
COGS Growth 41.45% 48 3.74%
Gross Income 9,285 9.70% 5,736
Gross Income Growth 43.94% 6,450 -7.84%
Gross Profit Margin 7.04% 12.45% -
SG&A Expense 3232 - 2,449
Other SG&A 3,232 2,406 2,499
SGA Growth 34.32% 2,406 1.23%
Other Operating Expense 86 -1.77% 76
EBIT 5,967 63 3,211
Unusual Expense 67 3,981 {90}
Non Operating Income/Expense 1,357 {113} 339
Non-Operating Interest Income 470 302 822
Interest Expense 59 804 55
Interest Expense Growth 1.18% 58 139.29%
Gross Interest Expense 59 5.54% 55
Pretax Income 7,803 58 4,407
Pretax Income Growth 51.71% 5,143 -4.18%
Pretax Margin 5.91% 16.69% -
Income Tax 2,234 - 1,333
Income Tax - Current Domestic 2,220 1,558 1,420
Income Tax - Deferred Domestic 14 1,636 {87}
Equity in Affiliates 17 {79} 4
Consolidated Net Income 5,585 9 3,078
Net Income 5,585 3,595 3,078
Net Income Growth 55.37% 3,595 -4.06%
Net Margin 4.23% 16.77% -
Net Income After Extraordinaries 5,585 - 3,078
Net Income Available to Common 5,585 3,595 3,078
EPS (Basic) 45 28.97 24.81
EPS (Basic) Growth 55.37% 16.78% -4.06%
Basic Shares Outstanding 124 124 124
EPS (Diluted) 45 28.97 25
EPS (Diluted) Growth 55.37% 16.77% -4.06%
Diluted Shares Outstanding 124 124 124
EBITDA 7,212 5,248 4,820
EBITDA Growth 37.42% 16.31% -24.45%
EBITDA Margin - - -
EBIT 5,967 3,981 3,738
 2019 2018
82,413 77,479
6.37% -
76,188 69,591
75,106 68,682
1,082 909
1,064 899
19 10
9.48% -
6,224 7,888
-21.09% -
- -
2,420 2,466
2,420 2,466
-1.88% -
67 {49}
3,738 5,471
74 {160}
346 78
613 527
23 22
3.70% -
23 22
4,600 6,214
-25.98% -
- -
1,407 1,601
1,398 1,571
8 30
16 51
3,209 4,664
3,209 4,664
-31.20% -
- -
3,209 4,664
3,209 4,664
25.86 38
-31.20% -
124 124
25.86 38
-31.20% -
124 124
4,820 6,380
 -24.45% -
- -
3,738 5,471
BALANCE SHEET
Assets 2022
Cash & Short Term Investments 27,599
Cash Only 1,384
Cash & Short Term Investments Growth 7.61%
Cash & ST Investments / Total Assets 58.20%
Total Accounts Receivable 1,205
Accounts Receivables, Net 1,127
Accounts Receivables, Gross 1,130
Bad Debt/Doubtful Accounts {4}
Other Receivables 78
Accounts Receivable Growth -22.85%
Accounts Receivable Turnover 109
Inventories 7,554
Finished Goods 1,873
Work in Progress -
Raw Materials 4,747
Progress Payments & Other 934
Other Current Assets 335
Prepaid Expenses 123
Miscellaneous Current Assets 212
Total Current Assets 36,693
Net Property, Plant & Equipment 10,251
Property, Plant & Equipment - Gross 19,820
Buildings 2,407
Land & Improvements 1,490
Machinery & Equipment 10,995
Construction in Progress 291
Leases 219
Computer Software and Equipment 316
Transportation Equipment 740
Other Property, Plant & Equipment 3,443
Accumulated Depreciation 9,569
Buildings 1,112
Machinery & Equipment 5,591
Computer Software and Equipment 231
Transportation Equipment 304
Other Property, Plant & Equipment 2,272
Total Investments and Advances 344
LT Investment - Affiliate Companies 344
Long-Term Note Receivable 64
Intangible Assets 56
Net Other Intangibles 56
Other Assets 14
Tangible Other Assets 14
Total Assets 47,423
Assets - Total - Growth 10.21%
Asset Turnover 3
Return On Average Assets 12.35%

Liabilities & Shareholders' Equity

2022
ST Debt & Current Portion LT Debt 207
Current Portion of Long Term Debt 207
Accounts Payable 6,136
Accounts Payable Growth 5.65%
Other Current Liabilities 18,882
Dividends Payable 127
Accrued Payroll 468
Miscellaneous Current Liabilities 18,287
Total Current Liabilities 25,226
Current Ratio 1
Quick Ratio 1
Cash Ratio 1
Long-Term Debt 152
Long-Term Debt excl. Capitalized Leases -
Non-Convertible Debt -
Provision for Risks & Charges 485
Deferred Taxes 533
Deferred Taxes - Credit 533
Total Liabilities 26,395
Non-Equity Reserves -
Total Liabilities / Total Assets 55.66%
Common Equity (Total) 21,028
Common Stock Par/Carry Value 1,241
Additional Paid-In Capital/Capital Surplus 40
Retained Earnings 10,255
Other Appropriated Reserves 0
Unappropriated Reserves 9,492
Common Equity / Total Assets 44.34%
Total Shareholders' Equity 21,028
Total Shareholders' Equity / Total Assets 44.34%
Total Equity 21,028

Liabilities & Shareholders' Equity 47,423

 2021 2020 2019 2018
25,647 12,126 13,629 18,382
1,573 1,065 1,036 8,588
111.50% -11.03% -25.85% -
59.60% 39.04% 42.65% 57.75%
1,562 879 1,195 928
1,502 814 1,116 861
1,504 815 1,116 861
{2} {1} - -
60 65 79 67
77.73% -26.47% 28.78% -
60 96.47 69 83
4,692 5,583 5,802 9,284
1,061 864 974 941
- 10 1 6
3,037 3,822 4,324 2,238
594 887 503 99
849 1,922 1,838 833
75 110 123 107
774 1,812 1,715 726
32,751 20,511 22,465 23,427
9,788 10,041 8,951 7,976
18,716 18,046 15,918 13,947
2,198 1,767 1,761 1,543
1,121 782 334 225
10,773 10,553 9,578 8,567
47 62 35 118
265 687 376 342
308 257 230 210
651 569 430 396
3,355 3,370 3,173 2,547
8,928 8,004 6,967 5,971
988 683 563 457
5,178 4,625 4,056 3,520
227 207 187 167
266 210 172 157
2,210 2,046 1,824 1,523
330 322 323 325
330 322 323 325
48 36 33 31
102 135 169 45
102 135 169 45
12 14 14 23
12 14 14 23
 43,030 31,060 31,955 31,827
38.54% -2.80% 0.40% -
- - - -
- - - -

2021 2020 2019 2018

266 30 - -
266 30 - -
5,808 4,872 5,060 3,006
19.22% -3.73% 68.34% -
17,045 8,421 10,533 11,881
108 101 93 64
321 277 279 46
16,616 8,043 10,161 11,772
23,119 13,323 15,593 14,887
1 2 1 2
1 1 1 1
1 1 1 1
356 209 - -
187 - - -
187 - - -
394 343 296 242
528 604 700 698
528 604 700 698
24,396 14,479 16,589 15,827
4- - -
56.70% 46.62% 51.91% 49.73%
18,631 16,580 15,366 16,001
1,241 1,241 1,034 1,034
40 40 40 40
7,858 5,807 4,800 6,935
0 0 0 0
94.92 9,492 9,492 7,992
43.30% 53.38% 48.09% 50.27%
186.31 16,580 15,366 16,001
43.30% 53.38% 48.09% 50.27%
18,631 16,580 15,366 16,001

43,030 31,060 31,955 31,827