Karachi: Bolan Castings Limited has reported a notable financial turnaround for the fiscal year ending June 30, 2026, with a profit of 69.94 million rupees, a dramatic improvement from a loss of 19.15 million rupees recorded in the previous fiscal year, according to its latest financial report dated September 15, 2026.
The company's revenue from contracts with customers saw a slight decrease, standing at 1.69 billion rupees compared to 1.71 billion rupees in the prior year. Despite the minor decline in revenue, Bolan Castings Limited managed to reduce its cost of sales significantly to 1.43 billion rupees from 1.55 billion rupees, resulting in a gross profit of 260.65 million rupees, up from 156.75 million rupees. This reflects a substantial improvement in operational efficiency.
Distribution and administrative expenses increased to 69.28 million rupees and 84.66 million rupees, respectively, from 52.98 million and 80.57 million rupees in the previous year. The company also incurred other expenses amounting to 7.52 million rupees, while other income slightly decreased to 10.70 million rupees from 11.11 million rupees. Subsequently, the operating profit rose to 109.90 million rupees, a significant rise from 34.32 million rupees.
Finance costs experienced a considerable reduction to 13.37 million rupees from 34.87 million rupees, contributing to a profit before income tax of 96.53 million rupees, a turnaround from a loss of 0.55 million rupees. The income tax expense increased to 26.58 million rupees from 18.59 million rupees, resulting in a net profit for the year of 69.94 million rupees, compared to a net loss the previous year. The earnings per share improved to 6.10 rupees, a significant shift from a loss of 1.67 rupees per share.
According to information available from the Pakistan Stock Exchange (PSX), the company's total comprehensive income for the year amounted to 76.41 million rupees, compared to a comprehensive loss of 14.19 million rupees in the previous year. The change was largely driven by improvements in the fair value of equity investments and the remeasurement of employee benefits.
In terms of cash flows, Bolan Castings Limited reported a net cash generation from operating activities of 95.64 million rupees, a rise from 55.12 million rupees the previous year. The cash flow from investing activities also saw a significant increase to 60.26 million rupees from 7.08 million rupees, largely due to the proceeds from the disposal of long-term investments. However, the company experienced a net cash outflow from financing activities amounting to 84.87 million rupees, compared to 76.17 million rupees in the previous fiscal year.
The company's financial position also showed an improvement, with cash and cash equivalents at the end of the year increasing to 100.54 million rupees from 29.52 million rupees at the beginning of the year. This indicates a strengthened liquidity position, enabling Bolan Castings Limited to better navigate future financial challenges.