Karachi: Dewan Farooque Motors Limited has released its financial results for the first quarter ending September 30, 2025, showing an uptick in losses compared to the same period last year. The company reported a net sales decrease to 154.18 million rupees from 196.83 million rupees in the previous year. The company's cost of sales for the quarter was 240.46 million rupees, down from 280.96 million rupees in 2024. Despite the reduction in costs, the gross loss for the period increased to 86.28 million rupees from 84.13 million rupees.
The automotive firm's operating expenses have shown a mixed trend. Marketing and distribution expenses rose to 22.69 million rupees from 14.63 million rupees, while administration and general expenses fell to 18.16 million rupees from 21.12 million rupees. This resulted in an operating loss that widened to 127.14 million rupees from 119.88 million rupees in the corresponding quarter of the previous year.
In terms of other financial activities, the company recorded a loss of 53.32 million rupees from other (loss) / income, a significant increase from 33.96 million rupees last year. The finance cost also saw an increase, rising to 737,000 rupees from 22,000 rupees. Consequently, the loss before income tax and levies increased to 181.19 million rupees from 153.87 million rupees.
According to information available from the Pakistan Stock Exchange (PSX), Dewan Farooque Motors noted a big move in its loss for the period, with the figure rising to 183.12 million rupees from 156.50 million rupees, marking a significant change. The levies for the quarter were slightly lower at 1.93 million rupees compared to 2.46 million rupees in 2024. No taxation was noted for this period, while the previous year reported a net taxation of 169,000 rupees.
The basic and diluted loss per share also saw an increase, recorded at 1.16 rupees compared to 1.13 rupees in the previous year. The company's financial performance reflects ongoing challenges in the automotive sector, impacting its bottom line for the first quarter of the financial year.