Burshane LPG (Pakistan) Limited has reported a wider net loss for the nine months ended March 31, 2025, as lower LPG sales volumes and weaker revenues weighed on the company’s financial performance. The financial results were released in the company’s latest interim report.
According to the financial statements, Burshane LPG posted a net loss after taxation of Rs. 60.43 million, compared with a loss of Rs. 26.27 million recorded during the corresponding period last year. Consequently, the company’s loss per share increased to Rs. 2.69, compared with Rs. 1.17 in the same period of the previous year.
Net sales declined significantly to Rs. 1.173 billion from Rs. 2.122 billion a year earlier, reflecting a sharp reduction in LPG sales volumes. Gross profit also dropped to Rs. 43.09 million, down from Rs. 109.26 million in the corresponding period, resulting in a much lower gross margin.
In its directors’ report, the company stated that LPG sales volume fell to 5,740 metric tons, representing a decline of 45.32% compared to the same period last year. Management attributed the decrease in revenue primarily to reduced local LPG availability, which negatively impacted sales during the period.
Despite the weaker top line, Burshane managed to reduce operating expenses. Administrative expenses declined by 13.16%, while distribution and marketing expenses also decreased by Rs. 4.76 million. Additionally, finance costs fell by Rs. 10.68 million, supported by lower KIBOR rates. However, these savings were insufficient to offset the impact of declining sales and profitability.
The company also highlighted ongoing legal and tax-related matters, including proceedings related to income tax assessments and earlier investigations. Management noted that these matters are being pursued through the appropriate legal forums while the company continues to focus on business continuity and operational improvements.
Looking ahead, Burshane LPG said it remains committed to strengthening its market position, improving operational efficiency, and delivering sustainable long-term value for shareholders. The company expressed confidence that efforts to enhance market share and maintain disciplined cost management will support improved performance in future periods.
