Engro Fertilizers Limited (EFERT) reported consolidated earnings per share of PKR 21.16 for CY24, compared to PKR 19.61 in CY23. Furthermore, in 3QCY25, the company reported earnings per share of PKR 4.35, compared to earnings per share of PKR 6.41 in the same period last year (SPLY).
Year to date urea sales stood at 1,280 KT, translating into an estimated 30% market share. As of 3QCY25, there total inventory levels were reported at 523 KT. In the DAP segment, the company recorded 97 KT of YTD sales, reflecting a 12% share of the total market.
During the period, the company extended discounts ranging between PKR 250–325 per bag, a trend that continues into the current quarter. Management commented that selling and distribution expenses were impacted by a reclassification adjustment during the year.
The company has also introduced TSP as a cost-effective alternative to DAP, offering comparable phosphate content but lower nitrogen levels, and priced at a discount of approximately PKR 2,000 per bag. Management expects stronger offtake in the coming quarters, supported by all three plants currently operating at full capacity. Meanwhile, discussions with the Ministry remain ongoing on broader policy matters, particularly gas allocation for the fertiliser sector.
Important Disclosures
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