Karachi: Bela Automotives Limited has disclosed its financial performance for the first quarter ending September 30, 2026, marked by a reduction in losses compared to the same period last year. The company reported a loss after taxation of 3.82 million rupees, an improvement from the 4.08 million rupees loss recorded in the first quarter of 2025, as per their condensed interim statement.

The company's financials revealed no sales for both periods. The cost of sales was reported at 1.32 million rupees, up from 1.09 million rupees last year, resulting in a gross loss matching the cost of sales figures for both periods. Administrative expenses saw a significant decrease, standing at 470,531 rupees compared to 941,214 rupees, highlighting a big move in cost reduction. Other operating expenses also fell to 30,000 rupees from 45,000 rupees in the previous year.

Operating loss for the quarter was 500,531 rupees, showing an improvement from the 986,214 rupees operating loss a year ago. Despite the absence of other income, the finance cost remained nearly stable at approximately 2.00 million rupees each year.

According to information available from the Pakistan Stock Exchange (PSX), the loss per share improved slightly to 0.66 rupees from 0.70 rupees, reflecting the company's efforts to manage its finances amidst challenging conditions.

Bela Automotives Limited's results depict the ongoing financial challenges the company faces, with efforts evident in reducing operational and administrative costs. The company operates within the designated market category of automotive manufacturing.