Karachi: Al-Ghazi Tractors Ltd has reported a notable increase in its financial performance for the third quarter ended September 30, 2026, showcasing a significant boost in both revenue and profit. The company’s financial results, released on October 20, 2026, indicate a robust performance despite challenging market conditions.
The company's revenue from contracts with customers for the third quarter surged to 3.57 billion rupees, compared to 2.03 billion rupees in the same period last year. This marks a very large or significant move of 75.53%. For the nine-month period ending September 30, 2026, revenue reached 17.51 billion rupees, up from 9.76 billion rupees during the same period in 2025.
The cost of sales for the quarter was reported at 2.82 billion rupees, up from 1.66 billion rupees in the previous year. This increase in cost, however, did not deter the company from achieving a gross profit of 747.67 million rupees, which is nearly double the 376.52 million rupees recorded in the same quarter last year.
Operating profit for the quarter stood at 277.32 million rupees, compared to a loss of 176.08 million rupees in the previous year. This turnaround, alongside other income of 71.54 million rupees, contributed to a profit before income tax of 296.35 million rupees, a stark contrast to the loss of 299.10 million rupees recorded in the third quarter of 2025.
According to information available from the Pakistan Stock Exchange (PSX), the company’s profit after taxation for the quarter reached 210.09 million rupees, compared to a loss of 225.59 million rupees in the same period last year. For the nine-month period, the profit after taxation soared to 1.66 billion rupees from a loss of 269.78 million rupees in 2025.
Basic and diluted earnings per share for the quarter stood at 3.62 rupees, a significant improvement from a loss of 3.89 rupees per share in the corresponding quarter of the previous year.
The company's financial position as of September 30, 2026, indicates total assets valued at 20.96 billion rupees. Non-current assets remained stable at approximately 2.91 billion rupees, while current assets increased to 18.05 billion rupees from 15.91 billion rupees at the end of December 2025.
The company's share capital remained unchanged at 289.82 million rupees, with unappropriated profit rising to 11.90 billion rupees. Total liabilities as of the end of the third quarter were reported at 8.76 billion rupees, reflecting a moderate increase from 8.36 billion rupees at the end of the previous year.
Al-Ghazi Tractors Ltd's improved financial performance underscores its resilience and ability to navigate a competitive market, securing a stronger foothold in the designated market category of manufacturing and sales of agricultural tractors and machinery.