Lahore: Azgard Nine Limited has released its financial results for the first quarter ending September 30, 2026, revealing a notable performance in its revenue streams. The company's net sales for the quarter reached 10.11 billion rupees, marking a substantial increase from the 9.42 billion rupees recorded during the same period in 2025. This represents a big move with a growth of 7.28%.
The cost of sales also rose, amounting to 8.89 billion rupees compared to 8.35 billion rupees in the previous year, resulting in a gross profit of 1.21 billion rupees, up from 1.07 billion rupees. This increase in gross profit signifies a consistent growth trajectory for the company.
Despite the rise in gross profit, Azgard Nine Limited faced increased expenses in key areas. Selling and distribution expenses climbed to 468.87 million rupees from 377.64 million rupees, while administrative expenses increased to 339.73 million rupees from 278.38 million rupees. Other expenses decreased significantly to 16.70 million rupees from 45.82 million rupees.
According to information available from the Pakistan Stock Exchange (PSX), the company reported a profit from operations of 550.20 million rupees, slightly up from 546.37 million rupees in the previous year. However, the finance cost increased to 232.15 million rupees from 202.45 million rupees, impacting the overall profit before taxation, which stood at 238.35 million rupees, down from 257.01 million rupees.
After accounting for taxation of 141.84 million rupees, the profit after taxation was reported at 96.51 million rupees, compared to 114.62 million rupees in the same quarter last year. This reflects a moderate move with a decrease of 15.82% in post-tax profits.
Earnings per share for the period were recorded at 0.20 rupees, a slight decline from 0.23 rupees in the first quarter of 2025. The financial results indicate both growth in sales and challenges in managing rising operational costs, positioning Azgard Nine Limited in a competitive landscape within the designated market category.