Karachi September 22, 2021: During the Q3 FY21, overall sales recorded an increase of PKR 280.97 billion or 20.61 percent as compared to Q3 FY20, as per report published by State Bank of Pakistan (SBP).
Sector wise review of sales of these companies reveal that all sectors posted growth during the quarter under review. The highest increase of PKR 54.29 billion is observed in ‘Motor Vehicles, Trailers and Semi-trailers’ sector followed by Cement and Chemical sectors with increase of PKR 53.35 billion and PKR 48.49 billion respectively during Q3 FY21 as compared to Q3 FY20.
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The overall increase in sales is mainly attributed to an increase of PKR 276.80 billion in local sales which comprise of 98.87 percent of total sales. Exports (sales) with an amount of PKR 4.17 billion, recorded an increase of 28.97 percent in Q3 FY21 as compared to corresponding quarter last year. Textile sector holds 27.34 percent share of total exports sales during Q3 FY21. Exports sales of textile sector increased by 138.46 percent in Q3 FY21. Cost of sales during Q3 FY21 increased by 14.25 percent and reached PKR 1,304.18 billion in Q3 FY21 from PKR 1,114.53 billion in Q3 FY20.
Gross profit increased by 53.30 percent or PKR 118.33 billion when compared with Q3 FY20. Gross profit of two out of fourteen sectors showed a decline during the quarter under review.
General administrative and other expenses increased by 19.19 percent whereas financial expenses fell by PKR 24.65 billion or 43.09 percent in Q3 FY21 when compared with Q3 FY20. Profit before tax for sample companies stood at PKR 227.96 billion in Q3 FY21, showing an increase of PKR 121.42 billion or 113.98 percent.
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Profit after tax (i.e. net profit of the quarter) of all sectors increased by PKR 95.83 billion or 138.88 percent in Q3 FY21 when compared with Q3 FY20. Sector wise position of profit after tax reveals that fuel and energy sectors faced a decline in profit after tax during current quarter.