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Business Recorder
24-05-2025
- Business
- Business Recorder
Weekly SPI down 0.29pc
ISLAMABAD: The SPI for the current week ended May 22, decreased by 0.29 percent. Major decrease has been observed in the prices of chicken (7.26 per cent), onions (5.43 per cent), garlic (2.71 per cent), LPG (2.44 per cent), potatoes (0.95 per cent), mustard oil (0.80 per cent), diesel (0.78 per cent), masoor (0.46 per cent), cooking oil (0.14per cent), rice IRRI-6/9 (0.09per cent), firewood (0.06 per cent), and vegetable ghee 2.5kg and sugar (0.05 per cent) each, says Pakistan Bureau of Statistics (PBS). The year-on-year trend depicts an increase of 1.35per cent, ladies sandal (55.62 per cent), chicken (45.12 per cent), moong (30.79 per cent), powdered milk (24.01 per cent), bananas (22.43 per cent), sugar (22.12 per cent), eggs (21.52 per cent), pulse gram (20.70 per cent), beef (17.56 per cent), vegetable ghee 2.5kg (13.86per cent), LPG (13.05per cent), and vegetable ghee 1kg (12.76per cent). On the other hand, the items prices of which decreasedinclude; onions (54.93 per cent), potatoes (30.46 per cent), garlic (29.43 per cent), electricity charges for Q1 (29.40per cent), tea Lipton (17.93per cent), wheat flour (16.63 per cent), maash (16.03 per cent), tomatoes (14.03 per cent), chilies powder (12.30 per cent), rice IRRI-6/9 (8.50per cent), masoor (7.64 per cent) and petrol (7.43 per cent). During the week, out of 51 items, prices of 13 (25.49per cent) items increased, 14 (27.45per cent) items decreased and 24 (47.06per cent) items remained stable. The SPI for the consumption group up to Rs17,732, Rs17,732-Rs22,888, Rs22,889-Rs29,517, Rs29,518-Rs44,175 and above Rs44,175 decreased by 0.26per cent, 0.27per cent, 0.26per cent, 0.28per cent and 0.30per cent respectively. The items prices of which decreased during the period under review include, chicken farm broiler (live) 1kg7.26 per cent, onions 1kg 5.43 per cent, garlic (lehsun) 1kg 2.71 per cent, LPG 11.67 kg cylinder each 2.44 per cent, potatoes 1kg 0.95 per cent, mustard oil (average quality) 1kg 0.80 per cent, hi-speed diesel per litre 0.78 per cent, masoor (washed) 1kg 0.46 per cent, cooking oil Dalda or other similar brand (sn), 5 litre tin each 0.14 per cent. Copyright Business Recorder, 2025
Business Recorder
03-05-2025
- Business
- Business Recorder
Weekly SPI inflation up 0.15pc
ISLAMABAD: The Sensitive Price Index (SPI)-based inflation for the week ended April 30, 2025, increased by 0.15per cent due to an increase in the prices of eggs (5.55per cent), chicken (1.84per cent), LPG (1.03per cent) and sugar (0.26per cent), says Pakistan Bureau of Statistics (PBS). The year-on-year (YoY) trend depicts decrease of 2.41per cent due to a decrease in the prices of onions (69.09per cent), garlic (33.73per cent), electricity charges for q1 (29.40per cent), tomatoes (27.48per cent), wheat flour (26.64per cent), potatoes (21.63per cent), tea Lipton (16.98per cent), maash (16.69per cent), chilies powder (13.45per cent), petrol (11.62per cent) and diesel (8.19per cent), while major increase is observed in the prices of ladies sandal (55.62per cent), moong (28.67per cent), powdered milk (22.26per cent), pulse gram (22.09per cent), beef (18.22per cent), bananas (18.18per cent), sugar (16.54per cent), vegetable ghee 2.5 kg (14.93per cent), vegetable ghee 1kg (13.88per cent), firewood (10.35per cent), lawn printed (10.33per cent) and Georgette (9.90per cent). During the week, out of 51 items, prices of 12 (23.53per cent) items increased, 11 (11.57per cent) items decreased and28 (54.90per cent) items remained stable. The SPI for the week under review recorded at 309.31 points against 308.86 points during the same period of previous week. The SPI for the consumption group up to Rs17,732, Rs17,732-Rs22,888, Rs22,889-Rs29,517, Rs29,518-Rs44,175 and above Rs44,175 increased by 0.07per cent, 0.10per cent, 0.11 per cent, 0.14per cent and 0.17per cent respectively. The items, prices of which, increased during the period under review include, eggs (5.55per cent), chicken (1.84per cent), LPG (1.03per cent), gur (0.59per cent), bread plain (0.55per cent), bananas (0.54per cent), moong (0.52per cent), sugar (0.26per cent), rice basmati broken (0.18per cent), beef with bone (0.10per cent), potatoes (0.06per cent) and long cloth 57' Gul Ahmed/Al Karam (0.04per cent). Copyright Business Recorder, 2025
Business Recorder
25-04-2025
- Business
- Business Recorder
Weekly SPI inflation down 1.92pc
ISLAMABAD: The Sensitive Price Index-based inflation for the week ended April 24, 2025, decreased by 1.92 per cent due to a decrease in the prices of electricity charges for Q1 (19.17per cent), chicken (11.75 per cent), wheat flour (5.68 per cent) and LPG (1.09 per cent), says Pakistan Bureau of Statistics (PBS). The year-on-year (YoY) trend depicts a decrease of 3.52per cent due to a decrease in the prices of onions (69.78per cent), tomatoes (40.77per cent), garlic (31.96per cent), wheat flour (30.70per cent), electricity charges for q1 (29.40per cent), tea Lipton (16.98per cent), potatoes (16.93per cent), chilies powder(15.69per cent), maash (15.62per cent), petrol (13.24per cent) and diesel (10.85per cent), while major increase is observed in the prices of ladies sandal (55.62per cent), moong (26.85per cent), powdered milk (23.11per cent), pulse gram (21.08per cent), beef(18.64per cent), sugar (16.14per cent), vegetable ghee 2.5 kg (15.45per cent), vegetable ghee 1 kg (14.50per cent), cooked daal(12.77per cent), firewood (10.49per cent), lawn printed (10.33per cent) and Georgette (9.90per cent). During the week, out of 51 items, prices of 11 (21.57per cent) items increased, 18 (35.29per cent) items decreased and22 (43.14per cent) items remained stable. Weekly SPI decreases 0.69pc The SPI for the week under review recorded at 308.86 points against 314.92points during the same period of previous week. The SPI for the consumption group up to Rs17,732, Rs17,732-Rs22,888, Rs22,889-Rs29,517, Rs29,518-Rs44,175 and above Rs44,175 decreased by 1.81per cent, 2.33per cent, 1.81per cent, 1.64per cent and 1.59 per cent, respectively. The items prices of which increased during the period under review include, potatoes (6.94per cent), toilet soap Lifebuoy (0.90per cent), eggs (0.66per cent), cigarettes Capstan 20's packet each (0.51per cent), salt powdered (0.51per cent), gur (0.37per cent), curd (0.18per cent), masoor (0.09per cent), long cloth 57' Gul Ahmed/Al Karam(0.08per cent), pulse gram (0.07per cent) and lawn printed Gul Ahmed/al Karam(0.06per cent). The items prices of which decreased during the period under review include electricity charges for q1 per unit (19.17per cent), chicken (11.75per cent), wheat flour bag 20 kg (5.68per cent), garlic (4.66 per cent), bananas (3.51per cent), onions (1.93per cent), rice irri-6/9 (1.58per cent), mustard oil (1.10 per cent), LPG (1.09per cent), tomatoes (0.76per cent), bread plain (0.55per cent), sugar (0.26per cent), maash (0.25per cent), vegetable ghee Dalda/Habib2.5 kg tin each (0.15per cent), cooking oil Dalda or other similar brand (sn), 5 litre tin each (0.14per cent), moong (0.12per cent), rice basmati broken (0.10per cent) and vegetable ghee Dalda/Habib or other superior quality 1kg pouch each (0.10per cent). Copyright Business Recorder, 2025
Yahoo
15-02-2025
- Business
- Yahoo
KNR Constructions Ltd (BOM:532942) Q3 2025 Earnings Call Highlights: Robust Profit Growth ...
Quarterly Revenue (Standalone): INR743 crore. Quarterly EBITDA (Standalone): INR151 crore, 3% growth year-on-year. Quarterly EBITDA Margin (Standalone): 20.4%. Quarterly Net Profit (Standalone): INR182 crore, 113% growth year-on-year. Nine-Month Revenue (Standalone): INR2,507 crore. Nine-Month EBITDA (Standalone): INR508 crore, 4% growth year-on-year. Nine-Month EBITDA Margin (Standalone): 20.3%. Nine-Month Net Profit (Standalone): INR650 crore. Quarterly Revenue (Consolidated): INR848 crore. Quarterly EBITDA (Consolidated): INR256 crore, 13% growth year-on-year. Quarterly EBITDA Margin (Consolidated): 30.1%. Quarterly Profit After Tax (Consolidated): INR248 crore, 83% growth year-on-year. Nine-Month Revenue (Consolidated): INR3,778 crore, 25% growth year-on-year. Nine-Month EBITDA (Consolidated): INR1,404 crore, 109% growth year-on-year. Nine-Month EBITDA Margin (Consolidated): 37.2%. Nine-Month Net Profit (Consolidated): INR994 crore, 142% growth year-on-year. Consolidated Debt (as of December 2024): INR1,486 crore. Net Debt to Equity (Consolidated): 0.33% as of December 2024. Order Book (as of December 31, 2024): INR3,880 crore, excluding certain projects. Total Order Book (Including Recent Projects): INR5,517 crore. Warning! GuruFocus has detected 3 Warning Signs with BOM:532942. Release Date: February 14, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. KNR Constructions Ltd (BOM:532942) reported a significant increase in net profit for Q3 FY25, growing by 113% year-on-year to INR182 crore. The company's EBITDA margin for Q3 FY25 stood at a robust 20.4%, indicating strong operational efficiency. KNR Constructions Ltd has a strong order book of INR5,517 crore, which includes new irrigation projects and HAM projects, providing a solid pipeline for future revenue. The company has a low net debt to equity ratio of 0.33% as of December 2024, reflecting a strong balance sheet. KNR Constructions Ltd is actively targeting new orders, aiming for an inflow of INR8,000 crore by September 2025, which could significantly boost future growth. The company faces challenges with receivables, particularly from the Telangana government, with INR977 crore outstanding, impacting cash flow. There is a slowdown in new order inflows, with significant competition and aggressive bidding in the market affecting KNR Constructions Ltd's ability to secure new projects. The company anticipates a 10% to 15% dip in revenue for FY26 due to a lower order book and payment issues in irrigation projects. KNR Constructions Ltd has experienced delays in receiving appointed dates for some HAM projects, affecting project timelines. The company is facing challenges in diversifying into new sectors like metro and railway projects, having lost recent tenders. Q: How many arbitration claims are pending, and what is the status of these claims? A: Kamidi Reddy, CFO and Executive Director, stated that there are minor claims pending, such as a claim of INR15 crore for the Penchalakona-Yerpedu project. Other claims are in the HAM model projects and the Madurai to Ramanathapuram project, with a claim of around INR300 crore. The company is working with a consultation committee for settlements and may proceed to arbitration if necessary. Q: What is the current status of the order book and future order inflow expectations? A: Kamidi Reddy mentioned that the current order book stands at INR5,517 crore, with expectations to secure INR8,000 crore to INR10,000 crore in new orders over the next few months. The company is focusing on various sectors, including highways, irrigation, and urban infrastructure projects, and is also exploring partnerships for EPC projects. Q: What are the financial projections for FY26 in terms of revenue and margins? A: Kamidi Reddy indicated that due to a lower order book, a 10% to 15% dip in revenue is expected for FY26. However, the bottom line may remain stable or improve slightly due to claims received. The company aims to maintain margins around 15%. Q: What is the status of the debtors from the Telangana government? A: K. Ram Rao, General Manager - Finance and Accounts, reported that INR577 crore is certified and pending payment, with an additional INR400 crore uncertified. The company is actively pursuing these payments and has filed a court case to expedite the process. Q: What is the progress on the Kushalnagara project, and when is it expected to start? A: Kamidi Reddy confirmed that the project has received clearance from the forest department, and land is being handed over. The project is expected to commence within a week. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Sign in to access your portfolio
Express Tribune
14-02-2025
- Business
- Express Tribune
Gold continues breaking records
Listen to article KARACHI: Gold prices in Pakistan continued their upward trajectory on Friday, mirroring the surge in international markets. The price of gold per tola increased by Rs2,200, reaching an all-time high of Rs306,200 in the local market. Similarly, the price of 10-gram gold rose by Rs1,886, settling at Rs262,517, as per data from the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA). Adnan Agar, Director of Interactive Commodities, noted that while gold prices saw an increase during the day, the market experienced a slight dip towards the end of the session. He highlighted that gold has been undergoing minor corrections of $50-$60, which could indicate a potential buildup for another upward movement. Looking ahead, Agar pointed out that with the upcoming US bank holiday on Monday (Presidents' Day), market activity may remain subdued. However, if gold closes at its current level, further corrections of $30-$40 could be expected before the next price surge. The market will closely monitor these fluctuations to determine the next movement in gold prices. "Gold set for seventh weekly gain as trade war risks lift demand," said JS Global's Technical Outlook report. Gold was poised for its seventh straight weekly rise, driven by fears of a global trade war in the wake of US President Donald Trump's push for reciprocal tariffs, although profit-taking sent prices lower on Friday, said Reuters. Spot gold was down 0.3% at $2,919.69 an ounce as of 1500 GMT, but remained on track for a weekly gain of more than 2%. Bullion hit a record peak of $2,942.70 on Tuesday. Meanwhile, the Pakistani rupee showed a marginal improvement against the US dollar, appreciating 0.02% in the inter-bank market on Friday. By the end of the trading session, the rupee stood at 279.21, gaining 5 paisa compared to its previous close of 279.26 on Thursday. Pakistan's central government domestic debt increased by 3% month-on-month (MoM), reaching Rs49.88 trillion in December 2024, according to Topline Securities. Meanwhile, external debt remained unchanged at Rs21.76 trillion during the same period. As a result, total central government debt stood at Rs71.6 trillion, reflecting a 2% MoM increase. Experts say this will put strain on the rupee in the coming days. On the international front, the US dollar and other major currencies remained stable as traders evaluated the potential effects of Washington's proposed reciprocal tariffs, which are not set to take effect immediately. US President Donald Trump instructed his economic team on Thursday to draft a plan for imposing reciprocal tariffs on countries that levy duties on US imports. While these tariffs are not being enforced immediately, a White House official indicated that they could be implemented within weeks as officials review bilateral trade and tariff structures.
