*Millat Tractors Limited* *Ticker: PSX:MTL* *Date: 13/02/2025* *Source: Taurus Securities* Millat Tractors Limited (MTL) is expected to report strong financial results for the second quarter of fiscal year 2025 (2QFY25). Key highlights include: *Revenue Growth:* Expected net sales of PKR 30.5 billion, up 27% year-over-year (YoY) and nearly triple compared to the previous quarter. *Profit Surge:* Profit after tax (PAT) projected at PKR 3.5 billion, showing a 5.1x increase quarter-over-quarter (QoQ) and an 18% rise YoY. *Main Growth Driver* : The increase in sales is largely due to the Punjab government's Green Tractor Scheme, which provides 9,500 subsidized tractors to farmers. *Rising Costs:* Finance costs have significantly increased (3.9x YoY, 10% QoQ), which could impact future profitability. *No Interim Dividend:* The company is not expected to announce an interim cash dividend for this quarter. Overall, MTL's strong performance is driven by government support and higher tractor sales, but rising costs may pose challenges ahead.