Oct 26, 2026, 8:55 AM
Dewan Farooque Motors reports a larger quarterly loss for the quarter ended September 30, 2024
Financial ResultDewan Farooque Motors Limited announced unaudited results for the quarter ended September 30, 2024. The company reported a net loss of Rs. 156.499 million, compared with Rs. 55.373 million in the same quarter last year; loss per share widened to Rs. 1.13 from Rs. 0.40. The board recommended no cash dividend, bonus shares, or rights shares.
Key Findings
- Net sales were Rs. 196.832 million, compared with Rs. 17,000 in the prior-year quarter.
- Gross loss increased to Rs. 84.132 million from Rs. 43.919 million.
- Operating loss widened to Rs. 119.884 million from Rs. 57.388 million.
- Net loss widened to Rs. 156.499 million from Rs. 55.373 million; loss per share increased to Rs. 1.13 from Rs. 0.40.
- The board recommended nil cash dividend, bonus shares, rights shares, and other entitlement/corporate action.
Financial Performance
| Metric | PreviousQuarter ended September 30, 2023 | CurrentQuarter ended September 30, 2024 | Change |
|---|---|---|---|
| Sales - Net | 17 | 196,832 | +1,157,735.3% |
| Gross loss | (43,919) | (84,132) | -91.6% |
| Operating loss | (57,388) | (119,884) | -108.9% |
| Loss for the period | (55,373) | (156,499) | -182.6% |
| Loss per share - Basic and diluted | (0.40) | (1.13) | -182.5% |
| Finance cost | (47) | (22) | +53.2% |
| Cash and bank balances | 144,862 | 153,626 | +6% |
| Short term finances and book overdraft - secured | 4,173,558 | 4,095,913 | -1.9% |
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Highlights summarize the key points from the company's official PSX filing. View the original filing for the complete details before making financial decisions.