Karachi: Baluchistan Wheels Limited reported its financial results for the quarter ended September 30, 2026, revealing a slight dip in profit after taxation despite an increase in turnover. The company, which operates within the automotive sector, disclosed these figures in a report dated October 12, 2026.
The net turnover for the quarter reached Rs. 825.61 million, up from Rs. 724.85 million in the same period last year, representing a Very large or significant move of 13.89%. This increase in turnover contributed to a rise in gross profit, which stood at Rs. 191.85 million compared to Rs. 169.41 million, marking a Big move of 13.25%.
Administrative expenses, however, increased to Rs. 64.21 million from Rs. 53.60 million, and selling and distribution expenses rose to Rs. 24.06 million from Rs. 17.89 million. Other expenses also saw a rise to Rs. 12.78 million from Rs. 11.13 million. In contrast, other income marginally increased to Rs. 61.91 million from Rs. 61.78 million.
Operating profit reached Rs. 152.72 million, a slight rise from Rs. 148.58 million. Finance costs significantly decreased to Rs. 0.44 million from Rs. 1.36 million, which supported the profit before taxation, which was recorded at Rs. 152.28 million, up from Rs. 147.22 million.
Despite these operational gains, the profit after taxation saw a minor decrease to Rs. 95.93 million from Rs. 97.17 million. This resulted in earnings per share dropping to Rs. 7.19 from Rs. 7.29.
According to information available from the Pakistan Stock Exchange (PSX), the company maintained a steady financial position with total assets amounting to Rs. 2.96 billion as of September 30, 2026, compared to Rs. 2.88 billion as of June 30, 2026. Non-current assets increased to Rs. 1.13 billion from Rs. 1.04 billion, primarily due to the rise in property, plant, and equipment.
Current assets slightly decreased to Rs. 1.84 billion from Rs. 1.84 billion. Notably, short-term investments rose to Rs. 613.77 million from Rs. 494.67 million, while trade debts increased to Rs. 368.68 million from Rs. 334.06 million.
On the liabilities side, the company's non-current liabilities remained stable at Rs. 53.09 million, while current liabilities increased to Rs. 647.52 million from Rs. 427.96 million, driven by a substantial rise in unclaimed dividends and sales tax payable.
Baluchistan Wheels Limited continues to navigate the financial landscape with strategic adjustments in operations and investments, reflecting its resilience and adaptability in the dynamic market environment.