Karachi: Exide Pakistan Limited has announced its financial results for the period ended March 31, 2026, revealing a decline in profit after taxation compared to the previous year. The company's net sales decreased to 19.64 billion from 23.90 billion, marking a significant drop that impacted its overall profitability.

The company's cost of sales registered at 16.90 billion, reflecting a higher percentage of sales relative to the previous year. This increase in cost percentage contributed to a reduction in gross profit, which fell to 2.73 billion from 3.87 billion. The financial report indicates that selling and distribution expenses were reduced to 1.27 billion from 1.70 billion, while administration and general expenses saw a slight decrease to 271.18 million from 273.22 million. Other income remained largely unchanged, recorded at 3.52 million.

According to information available from the Pakistan Stock Exchange (PSX), Exide Pakistan Limited's operating profit experienced a decline, reaching 1.14 billion from 1.77 billion. Finance costs were slightly reduced to 726.64 million from 731.07 million, impacting the profit before taxation, which stood at 410.28 million, a significant move down from 1.04 billion the previous year. A new levy on revenue taxes was introduced, amounting to 106.46 million.

The taxation net for the period resulted in a positive 127.86 million compared to a negative 426.82 million in 2025, ultimately resulting in a profit after taxation of 431.68 million, a big move down from the previous year's 614.44 million. The decline in sales and increased cost percentages were pivotal in the financial outcomes for the company during this period.