Karachi: ITANZ Technologies Limited has reported its financial results for the quarter ended September 30, 2026, revealing substantial improvements in both revenue and profit margins compared to the same period last year. The unaudited financial statements were released on October 22, 2026.
The company's total equity increased to 3.00 billion rupees from 2.65 billion rupees at the end of June 2026. This growth was driven by a rise in retained earnings, which reached 2.60 billion rupees, up from 2.39 billion rupees. The foreign currency translation reserve also saw a positive shift, moving to 20.31 million rupees from a negative 7.45 million rupees.
Liabilities for ITANZ Technologies were divided between non-current and current liabilities, totaling 1.83 billion rupees and 364.87 million rupees, respectively. Notably, long-term payables slightly rose to 1.79 billion rupees from 1.72 billion rupees, while trade and other payables increased to 306.03 million rupees from 277.83 million rupees.
On the assets side, the company recorded a total of 5.20 billion rupees, up from 4.76 billion rupees in June 2026. Non-current assets amounted to 4.69 billion rupees, with a significant portion attributed to the investment in a subsidiary, which rose to 4.57 billion rupees from 4.43 billion rupees. Current assets saw a remarkable increase to 504.62 million rupees from 197.87 million rupees, largely due to a surge in trade receivables, which escalated to 437.00 million rupees from 129.65 million rupees.
For the quarter ended September 30, 2026, ITANZ Technologies reported a net revenue from customer contracts of 382.35 million rupees, a very large or significant move from 89.73 million rupees in the same quarter last year. Gross profit soared to 318.00 million rupees from 76.24 million rupees.
Operating profit showed a very large or significant move, reaching 284.73 million rupees from 67.69 million rupees. The company's finance cost decreased moderately to 2.85 million rupees from 5.41 million rupees. Moreover, ITANZ reported a share of profit from its subsidiary amounting to 104.93 million rupees, a figure not present in the previous year.
According to information available from the Pakistan Stock Exchange (PSX), ITANZ's profit before income taxes stood at 323.43 million rupees, significantly higher than the 58.80 million rupees recorded in the same period last year. The basic and diluted earnings per share also reflected a substantial increase, climbing to 2.73 rupees from 0.50 rupees.
The results underscore a period of marked financial growth and operational efficiency for ITANZ Technologies Limited, as the company continues to expand its market presence and financial performance in the designated market category.