Lahore: Pace (Pakistan) Limited has reported a significant increase in its profit for the quarter ended September 30, 2026. This development comes as the company experiences substantial growth in revenue and other income, according to its recently released financial results.
The company’s revenue for the July to September quarter reached 303.71 million rupees, compared to 151.57 million rupees in the same period of 2025. This represents a very large or significant move in revenue, underscoring the company's robust performance over the past year. The cost of revenue also saw a rise to 151.34 million rupees from 64.86 million rupees.
The gross profit for the quarter was recorded at 152.38 million rupees, up from 86.70 million rupees last year. Administrative and selling expenses decreased to 67.08 million rupees from 79.99 million rupees, contributing to the improved profit margins. Other income, an essential component of the company's financial health, saw an increase to 588.82 million rupees from 363.77 million rupees.
Pace Limited's profit from operations surged to 674.11 million rupees from 370.49 million rupees in the previous year. The finance cost was reduced to 26.65 million rupees from 49.34 million rupees, while the exchange gain on foreign currency convertible bonds was recorded at 18.35 million rupees, down from 42.89 million rupees.
According to information available from the Pakistan Stock Exchange (PSX), the company's profit before income tax and minimum taxes rose to 665.82 million rupees compared to 364.04 million rupees in 2025. After accounting for a minimum tax of 6.43 million rupees, the profit before income tax stood at 659.39 million rupees, significantly higher than the previous year's 362.15 million rupees.
Taxation for the quarter was noted at 89.76 million rupees, resulting in a profit after taxation of 569.63 million rupees, up from 362.15 million rupees. The earnings per share increased to 1.19 rupees from 0.76 rupees, indicating a robust and healthy financial position.
On the balance sheet side, Pace Limited’s total equity and liabilities as of September 30, 2026, amounted to 11.72 billion rupees, compared to 11.19 billion rupees on June 30, 2026. This includes an increase in issued, subscribed, and paid-up capital to 4.84 billion rupees from 4.50 billion rupees, alongside a decrease in share premium to 99.01 million rupees from 133.44 million rupees.
Current assets stood at 6.08 billion rupees, while non-current assets were valued at 5.64 billion rupees. Among current assets, trade debts saw an increase to 1.38 billion rupees from 719.91 million rupees, while cash and bank balances decreased to 8.31 million rupees from 15.13 million rupees.
The company's financial results reflect its strategic initiatives and growth trajectory, positioning it favorably within the market.