Sazgar Engineering Works Ltd. (SAZEW) has announced its financial results for the third quarter of FY25, with a net profit after tax (NPAT) of PKR 6.2 billion, translating to an earnings per share (EPS) of PKR 103.06. This represents a significant 2x year-over-year and 2.6x quarter-over-quarter increase.

The company’s board of directors has approved a dividend of PKR 12 per share. SAZEW’s net sales for the quarter totalled PKR 36.7 billion, representing a 2-fold increase quarter-over-quarter and a 1.8-fold increase year-over-year, driven by higher volumes.

The company has also revised the estimated cost of its expansion plan from PKR 4.50 billion to PKR 11.50 billion, which includes the installation of a 5.7-megawatt solar system. This move is expected to reduce long-term energy costs and dependence on conventional power sources.

IMS Research maintains a target price of PKR 1,300 per share for SAZEW, reflecting confidence in the company’s future performance.