Karachi: Bolan Castings Limited reported a decline in net sales and profitability in its un-audited financial statements for the third quarter ending March 31, 2025. The company recorded net sales of Rs. 622.19 million, a decrease from Rs. 953.70 million during the same period last year. Cumulatively, net sales for the nine-month period stood at Rs. 1,477.17 million, down from Rs. 2,611.75 million in the corresponding period of the previous year.

The gross profit for the nine months was Rs. 118.91 million, compared to Rs. 479.96 million last year. For the third quarter, the company's profit before tax was Rs. 23.34 million, down from Rs. 109.05 million in the same period last year. The profit after tax for this quarter was Rs. 15.31 million, a decrease from Rs. 68.50 million reported last year. Over the nine months, the company experienced a loss before tax of Rs. 2.98 million, contrasting with a profit before tax of Rs. 280.39 million in the same period last year. The loss after tax for the nine-month period was Rs. 20.11 million, compared to a profit after tax of Rs. 184.29 million in the previous year.

Earnings per share for the third quarter were Rs. 1.33, down from Rs. 5.97 in the same period last year. Over the nine months, the loss per share was Rs. 1.75, compared to a profit per share of Rs. 16.06 in the corresponding period of the previous year.

Production and sales volumes during the third quarter of the current financial year were lower compared to the same period last year. Despite this, Bolan Castings Limited achieved a marginal profit in the third quarter, attributed to the launch of the Punjab Government Green Tractor Subsidy Scheme, a reduction in the discount rate, easing inflation, and cost-cutting measures. These factors positively impacted the company's financial performance.

According to information available from the Pakistan Stock Exchange (PSX), Bolan Castings Limited operates within the designated market category. As the economic situation shows signs of improvement, the company remains optimistic about the potential benefits for the tractor industry and related sectors in the final quarter of the financial year.

The company expressed gratitude to its executives, workforce, vendors, and stakeholders for their efforts and cooperation in addressing the challenges faced during the current period under review.