Millat Tractors Limited reported an impressive profit-after-tax (PAT) of Rs10.64 billion
Millat Tractors Limited (MTL), Pakistan’s largest tractor manufacturer, reported an impressive profit-after-tax (PAT) of Rs10.64 billion for the financial year ending June 30, 2024, reflecting a 167% year-on-year growth.
In contrast, the company’s PAT for 2023 stood at Rs4 billion. The revenue surged to Rs95.02 billion, marking a 101% rise, fueled by a 62% increase in sales, reaching 30.2k units.
Earnings per share (EPS) also jumped to Rs55.46, up from Rs18.53 last year. Despite this growth, dividends remain on hold pending the Lahore High Court’s approval of the merger between Millat Tractors and Millat Equipment Limited.
