Lahore: Grays Leasing Limited, a player in the designated market category of leasing services in Pakistan, has announced its financial results for the quarter ending on September 30, 2026, revealing a notable downturn in its financial performance compared to the same period last year. The company disclosed these results in a report dated October 26, 2026.
The company's total assets as of September 30, 2026, stood at approximately 264.07 million Rupees, a decrease from the 286.47 million Rupees reported on June 30, 2026. Current assets fell to 144.74 million Rupees from 154.89 million Rupees, while non-current assets declined to 119.33 million Rupees from 131.58 million Rupees.
On the liabilities front, current liabilities were reduced to 132.10 million Rupees from 148.71 million Rupees. Non-current liabilities also saw a reduction from 62.79 million Rupees to 57.58 million Rupees. Consequently, the total liabilities decreased to 189.69 million Rupees from 211.50 million Rupees. Net assets were reported at 74.39 million Rupees, slightly lower than the 74.96 million Rupees recorded at the end of June 2026.
The revenue generated from lease operations decreased to 3.93 million Rupees, compared to the 5.06 million Rupees recorded in the same quarter of the previous year. Other income also dropped to 423,374 Rupees from 502,787 Rupees. The total revenue for the period came in at 4.35 million Rupees, down from 5.56 million Rupees, representing a very large or significant move.
According to information available from the Pakistan Stock Exchange (PSX), administrative and other operating expenses rose to 4.68 million Rupees from 3.92 million Rupees, while financial and other charges decreased slightly to 5,260 Rupees from 6,653 Rupees. This led to an overall loss before taxation of 337,562 Rupees, a decline from the profit of 1.63 million Rupees reported in the similar period of the previous year.
The after-tax loss amounted to 577,134 Rupees, contrasting sharply with the profit of 1.34 million Rupees recorded in the same quarter last year. The earnings per share also reflected this downturn, with a basic and diluted loss of 0.027 Rupees per share, compared to a profit of 0.062 Rupees per share in the same period of the previous year.
The financial results underscore the challenges faced by Grays Leasing Limited in maintaining its revenue stream amidst rising expenses, indicating a need for strategic adjustments to navigate the current economic environment.