JAT crosses Rs.1 bn in post-tax profit
View(s):JAT Holdings PLC has recorded a strong for Q3 of FY 2024/25, crossing the Rs. 1 billion mark in Profit After Tax (PAT) for the first nine months of the financial year. Local operations continued to demonstrate resilience, with revenue reaching Rs. 5,571 million in the first 9 months, reflecting a steady 10 per cent YoY growth, the company said in a media release.
The group’s flagship product, Sayerlack, in the wood coatings category, registered a 5 per cent growth, reinforcing its strong market position. The Masters brand continued its upward trajectory with an 8 per cent YoY growth, reflecting increasing consumer demand. The Brush category experienced substantial expansion, recording a 27 per cent YoY increase, underscoring growing consumer preference for JAT’s product range. Project sales surged by an impressive 244 per cent, showcasing the success of the sroup’s strategic initiatives and market penetration efforts.
While export revenue faced headwinds due to economic and political instability in Bangladesh and the economic downturn in the Maldives, JAT Holdings remains committed to navigating these challenges. A notable factor affecting revenue from Bangladesh was the exchange rate impact, which contributed to a 14 per cent decline when comparing the first nine months of the past two years.
Nishal Ferdinando – Director/CEO of JAT Holdings PLC, said: “Our strong Q3 performance underscores the success of our strategic investments in vertical integration and operational efficiency. By streamlining our production processes and enhancing cost efficiencies, we have positioned ourselves to navigate market challenges effectively while driving sustainable growth.”
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