Rogers Group has reported robust Q1 25 results, with a 21% increase in revenue and a significant 74% rise in profit after tax, reaching Rs 481 million. This performance was driven by top line growth and effective operational improvements across all business segments, despite ongoing inflationary pressures.

Interim Dividend Declaration

On November 14, 2024, Rogers declared an interim dividend of Rs 0.52 per share for the year ending 30 June 2025, representing a 11% increase from last year’s.

Financial performance

For the quarter ended 30 September 2024, Rogers Group recorded revenue of Rs 3,551 million representing a 21% increase compared to Q1 24 (Rs 2,938 million). Profit After Tax surged by 74% to reach Rs 481 million, up from Rs 277 million in Q1 24. The results highlight solid operational gains across most segments, despite the challenges posed by rising costs. Notably, associated companies also made significant contributions to the group's results.

This quarter saw notable advancements across various divisions:

• The Technology arm of Rogers Capital expanded, marked by a larger footprint and the renewal of key licences, although the Credit sector recorded lower demand. 
• Velogic bolstered its local presence through the acquisition of Mc Easy Freight. 
• Ascencia performed well, with footfall and trading density increasing by 4.4% and 7.7% respectively.
• The Hospitality & Travel segment benefitted from rising tourist arrivals and greater air seat capacity from key markets.
• The Real Estate & Agribusiness segment gained from higher contributions by associated compagnies.

With solid operational performance across each segment, Rogers remains cautiously optimistic that its results for the financial year will at least match those of the previous year. However, the Group remains vigilant regarding the present context of rising costs, which is undermining our overall competitiveness.

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