Karachi: UDL International Limited has reported a significant downturn in its financial performance for the first quarter ending September 30, 2026. The company's unaudited financial results, released on October 27, 2026, reveal a notable shift compared to the same period last year.
The net sales for the quarter amounted to 1,949,613 Rupees, with the cost of sales reported at 1,497,245 Rupees, resulting in a gross profit of 452,368 Rupees. However, the company's investment and other income saw a very large decrease, falling to 7.92 million Rupees from 34.36 million Rupees in the corresponding quarter of 2025.
Further impacting the company's financial results was an unrealized loss on the measurement of investment at fair value through profit & loss (FVTPL), which stood at 3.70 million Rupees, contrasting sharply with a gain of 6.45 million Rupees recorded in the previous year. This led to an overall income of 4.66 million Rupees for the quarter, down from 40.81 million Rupees a year earlier.
The selling and distribution costs were recorded at 1,894,297 Rupees, while administrative expenses rose to 14.04 million Rupees from 11.99 million Rupees. Financial charges also increased to 17,476 Rupees from 2,790 Rupees in the prior year.
According to information available from the Pakistan Stock Exchange (PSX), the company reported a loss before levies and taxation of 11.29 million Rupees, a stark contrast to the profit of 28.82 million Rupees reported in the same quarter last year. After accounting for levies of 131,415 Rupees and taxation of 1.94 million Rupees, the net loss for the period amounted to 9.48 million Rupees, compared to a profit of 27.25 million Rupees in the previous year.
The loss per share was calculated at 0.27 Rupees, whereas earnings per share stood at 0.78 Rupees in the first quarter of 2025. The company's performance marks a significant move in its financial trajectory, highlighting challenges faced in the current economic landscape. The designated market category for UDL International Limited remains unchanged.