Karachi: Buxly Paints Limited has disclosed its financial performance for the nine-month period ending March 31, 2025, revealing a decrease in net sales and an improvement in gross profit margins as it navigates a challenging market environment.

The company reported net sales amounting to Rs. 454.59 million, a decline from the Rs. 490.153 million recorded in the same period the previous year. Despite the drop in sales, the company's gross profit as a percentage of turnover increased from 17.23% to 18.95%. This improvement indicates a more efficient cost structure compared to the previous year.

Sales, marketing, and administrative expenses rose to Rs. 76.14 million, up from Rs. 65.10 million in the prior year. This increase reflects the company's intensified efforts to maintain its market position amid fierce competition. However, the financial cost experienced a significant reduction of 24%, attributed to a decrease in the financing rate.

During this nine-month period, Buxly Paints Limited achieved a modest profit of Rs. 373,000, translating to an Earnings per Share (EPS) of Rs. 0.26. According to information available from the Pakistan Stock Exchange (PSX), the company is classified under the designated market category of paint manufacturing.

Looking ahead, the management is actively working to expand its customer base by reaching out to previously underserved industries and projects. The company acknowledges the challenges presented by the current economic climate and political landscape but remains committed to enhancing its performance in the final quarter of the fiscal year.

Buxly Paints Limited extended its gratitude to its stakeholders for their continued support and expressed appreciation for the management and employees' dedication and efforts throughout the year.