AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service
Karachi: Atlas Battery Ltd. (ATBA) reported a significant decline in its financial performance for the fiscal year 2025 during an analyst briefing held earlier today. The company disclosed a 15% year-over-year drop in revenue, with figures falling to PkR35.2 billion from PkR41.5 billion in the previous fiscal year.
The management attributed this decrease primarily to a 10% reduction in sales of automotive batteries. They noted a shift in market demand from heavy to medium-sized batteries as a contributing factor.
Additionally, the increasing competition from imported lithium-ion batteries, which are increasingly replacing traditional lead-acid batteries in the storage segment, has further impacted demand for lead-storage batteries.
Atlas Battery’s gross margins also took a hit, declining to 11.3% for FY25 from 14.3% in FY24. The management anticipates that these margins will continue to experience pressure due to the aforementioned challenges.
Looking ahead, the company expects margins to remain at current levels for the next two years, citing ongoing market conditions and competition challenges as key factors.