Karachi: Hafiz Limited, a company operating in the warehouse rentals and investment sector, has reported a significant downturn in its financial performance for the first quarter ending September 30, 2026. The company released its unaudited financial statements on October 29, 2026, reflecting the challenges posed by inflationary pressures, rising energy costs, and economic uncertainties.
In the three months ending September 30, 2026, rental income for Hafiz Limited fell to Rs. 10,458,350 from Rs. 12,778,655 recorded in the same period the previous year. This marks a very large or significant move in revenue. The company reported a loss before income tax of Rs. 703,174, a stark contrast to the profit of Rs. 18,105,362 achieved during the corresponding period in 2025.
The taxation for the quarter stood at Rs. 1,450,341, compared to Rs. 2,702,677 in the previous year. This culminated in a loss after taxation of Rs. 2,153,515, a significant drop from the profit of Rs. 15,402,685 reported in the first quarter of 2025. Earnings per share similarly declined from Rs. 12.84 in 2025 to a negative Rs. 1.79 in 2026.
According to information available from the Pakistan Stock Exchange (PSX), the company's performance reflects broader economic challenges, including volatile international energy markets and geopolitical developments affecting oil prices. The State Bank of Pakistan maintained its policy rate, yet ongoing inflationary pressures and global uncertainties continue to cloud the economic outlook.
In response to these challenges, Hafiz Limited has taken strategic steps to focus on operational efficiency and financial discipline. The company emphasized its commitment to long-term sustainability, with the board and management actively monitoring economic developments to adjust future strategies accordingly.
The market category for Hafiz Limited remains under the designated sector of warehouse rentals and investment activities. As the company navigates through these turbulent times, its cautious approach is aimed at mitigating risks posed by an unpredictable economic environment.