Fundamental Glossary / Profitability Metrics
PAT (Profit After Tax)
Profit left after tax. It is the bottom line that belongs to shareholders before dividing by the share count.
Formula
Profit before tax - tax expense. Continuing and discontinued operations should be read separately when both are present.
What it means
PAT is the numerator of earnings per share and of return on equity. It is what the year added to the owners after every claim except dividends, which are a distribution of PAT, not an expense.
Consolidated PAT after minority interest is the figure attributable to the parent's shareholders. PAT before minority interest belongs partly to other owners.
How to read it
Track PAT from continuing operations when you want a run-rate. A one-time tax credit or a gain on sale can make a single year look like a new normal.
What to watch
A lower tax rate can lift PAT without any improvement in the business. Note the effective tax rate beside the profit so a tax holiday is not mistaken for operating progress.
This note explains the term. It is not a research recommendation, a target price, or a comment on any security. Ratios and regulatory thresholds change; use the latest filing or circular for a live figure.