TOMCL Posts Rs 30M Loss in 4QFY25
The Organic Meat Company (TOMCL) has posted a net loss of Rs30 million in 4QFY25, possibly drop in exports.
The company announced results on Monday where in the company posted net loss of Rs30mn (LPS Rs0.2) as compared to net earnings of Rs156mn (EPS Rs0.9) during the same period last years.Stock Market Continues Momentum
During 4QFY25, TOMCL’s topline declined by 17%YoY, which is likely due to 68%YoY drop in exports, accompanied by estimated 13%YoY decrease in average export prices.
However, this was partially offset by an 11xYoY surge in local sales to Rs1.7bn, we believe,” Sherman Research, an analyst firm said.
The company’s gross margin clocked in at 6% as compared to 14% during the same period last year, down by 8pptYoY. The decline in gross margin is mainly attributable to lower export prices and higher meat procurement cost.
Operating cost decreased by 43%YoY from RS220mn to Rs124mn in 4QFY25 mainly due to lower sales.
Finance cost stands at Rs20mn, down by 64%YoY due to lower borrowings and decline in interest rate during the period. ▪ During FY25, the company reported an EPS of Rs2.4, down 14%YoY from Rs2.8 in the same period last year.
The decline in profitability was largely attributable to a 4pptYoY contraction in gross margins, mainly due to higher meat procurement costs and weaker product prices
