Karachi: Al-Ghazi Tractors Limited has released its unaudited financial results for the third quarter ending September 30, 2026, showcasing a significant improvement in both revenue and profit compared to the previous year. The company reported a revenue from contracts with customers amounting to 3.57 billion rupees for the third quarter, a notable increase from the 2.03 billion rupees recorded in the same period last year. For the nine-month period ending September 30, revenue reached 17.51 billion rupees, up from 9.76 billion rupees in the previous year.
The company's assets have also seen a marked increase, with total assets rising to 20.96 billion rupees as of September 30, 2026, compared to 18.89 billion rupees at the end of December 2025. This growth is largely attributed to a substantial increase in current assets, which rose from 15.91 billion rupees to 18.05 billion rupees over the same period. Notably, inventories increased to 7.94 billion rupees from 5.90 billion rupees, and loans and advances surged to 2.94 billion rupees from 466.24 million rupees.
Al-Ghazi Tractors Limited's gross profit for the quarter stood at 747.67 million rupees, up from 376.52 million rupees in the third quarter of 2025. The gross profit for the nine months ended September 30, 2026, was 4.48 billion rupees, a significant rise from 1.73 billion rupees in the same period last year.
According to information available from the Pakistan Stock Exchange (PSX), the company's profit after taxation for the third quarter reached 210.09 million rupees, a reversal from a loss of 225.59 million rupees in the same quarter of the previous year. For the nine-month period, the profit after taxation was 1.66 billion rupees, compared to a loss of 269.78 million rupees reported for the same period in 2025.
The report also highlighted a decrease in trade receivables, which fell from 2.76 billion rupees to 363.72 million rupees, indicating improved collection processes. Meanwhile, cash and bank balances decreased to 433.84 million rupees from 1.45 billion rupees, reflecting changes in the company's cash management strategy.
On the liabilities front, Al-Ghazi Tractors Limited's total liabilities increased to 8.76 billion rupees from 8.36 billion rupees at the end of December 2025. This was primarily due to an increase in trade and other payables, which rose to 5.50 billion rupees from 4.90 billion rupees.
The company's management has expressed optimism about the future, citing the significant growth in revenue and profit as a positive indicator of the company's performance and market position. The financial results reflect Al-Ghazi Tractors Limited's commitment to enhancing operational efficiency and expanding its market presence in the coming quarters.