Lahore: The Thal Industries Corporation Limited has released its financial results for the quarter ending June 30, 2026, highlighting a notable decrease in profits compared to the previous year. The announcement, made on July 27, 2026, follows a board meeting held on July 25, 2026, at the company’s Lahore office.
For the nine-month period ending June 30, 2026, Thal Industries reported net sales of 22.25 billion rupees, a significant drop from 37.40 billion rupees during the same period in 2025. In the three-month period ending June 30, 2026, the company recorded net sales of 10.26 billion rupees, down from 12.81 billion rupees in the corresponding period of the previous year.
The cost of sales for the nine months was 19.22 billion rupees, compared to 33.04 billion rupees in 2025. For the three-month period, the cost of sales stood at 9.09 billion rupees, down from 10.68 billion rupees in 2025. Consequently, the gross profit for the nine-month period was 3.03 billion rupees, while for the three-month period, it was 1.17 billion rupees.
Operating expenses for the nine months totaled 1.35 billion rupees, with distribution and selling expenses accounting for 295.24 million rupees and administration expenses for 1.05 billion rupees. These figures are up from the 1.29 billion rupees in operating expenses recorded during the same period in 2025. The operating profit for the nine months was 1.69 billion rupees, compared to 3.06 billion rupees in 2025.
According to information available from the Pakistan Stock Exchange (PSX), Thal Industries' profit before income tax for the nine-month period was 566.07 million rupees, a decline from 1.27 billion rupees in 2025. The profit before income tax for the three-month period was 127.46 million rupees, substantially lower than the 1.19 billion rupees reported in the previous year. The profit for the nine-month period was 499.49 million rupees, marking a very large move downward from 1.21 billion rupees in 2025. For the three-month period, the profit was 32.39 million rupees, down from 1.15 billion rupees, which also represents a very large move.
The company's financial position as of June 30, 2026, shows total assets of 37.75 billion rupees, with current assets amounting to 30.46 billion rupees. The total equity and liabilities are reported at 37.75 billion rupees, compared to 18.82 billion rupees as of September 30, 2025. The increase in current liabilities, which now total 24.38 billion rupees, reflects a significant rise from 5.83 billion rupees in September 2025.
The cash flow statement indicates a net cash use of 14.61 billion rupees from operating activities for the period ending June 30, 2026. This contrasts with the 7.07 billion rupees generated in 2025. The company reported cash and cash equivalents of 2.50 billion rupees at the end of the period, up from 1.73 billion rupees at the same time last year.
Overall, Thal Industries Corporation Limited's latest financial results highlight challenges in maintaining profitability amid rising operating expenses and a substantial decrease in net sales.