Lahore: Millat Tractors Limited, one of the leading manufacturers in Pakistan's automotive sector, has reported substantial revenue growth for the quarter ending September 30, 2026, despite facing increased costs. The company's unconsolidated condensed interim financial statement, released on October 22, 2026, highlights a notable performance in the latest quarter compared to the same period last year.
The company's revenue from contracts with customers surged to 10.92 billion rupees, up from 7.55 billion rupees in the previous year, marking a very large or significant move. However, this growth in revenue was accompanied by an increase in the cost of sales, which rose to 7.96 billion rupees from 5.49 billion rupees. Consequently, the gross profit stood at 2.96 billion rupees, compared to 2.05 billion rupees last year.
Operating expenses saw an uptick, with distribution and marketing expenses increasing to 395.64 million rupees and administrative expenses climbing to 605.35 million rupees. Other operating expenses also saw a rise, reaching 117.85 million rupees. Despite these increases, the company reported an operating profit of 1.96 billion rupees, up from 1.26 billion rupees.
According to information available from the Pakistan Stock Exchange (PSX), Millat Tractors Limited's profit before tax reached 1.53 billion rupees, a significant increase from last year's 789.67 million rupees. After accounting for taxation, which amounted to 552.33 million rupees, the profit after tax for the period was recorded at 980.62 million rupees, reflecting a significant rise from 513.59 million rupees in the previous year.
In terms of comprehensive income, the company reported a total of 980.62 million rupees for the period, compared to 545.60 million rupees last year. The earnings per share for this quarter were calculated at 2.46 rupees, a marked increase from the restated 1.29 rupees of the previous year.
The financial position of Millat Tractors Limited as of September 30, 2026, shows total equity and liabilities of 34.44 billion rupees, up from 32.21 billion rupees at the end of June 2026. The company's current assets grew to 25.09 billion rupees from 22.87 billion rupees, with notable increases in stock-in-trade, which rose to 13.78 billion rupees.
Millat Tractors Limited's financial performance for the quarter reflects a strong revenue trajectory despite rising operational costs. The company's strategic management and market positioning appear to be contributing positively to its financial outcomes.