Lahore: Pakistan Engineering Company Limited has reported its financial performance for the quarter and nine months ending March 31, 2025, revealing ongoing financial challenges. According to the company's unaudited financial statements, the firm sustained a net loss after taxation of 54.02 million rupees for the nine-month period, compared to a loss of 70.03 million rupees in the same period last year.

The company's total equity and liabilities stood at 39.62 billion rupees as of March 31, 2025, slightly down from 39.67 billion rupees on June 30, 2024. The equity and liabilities include a significant accumulated loss of 2.20 billion rupees, up from 2.15 billion rupees, and a surplus on revaluation of fixed assets of 39.09 billion rupees.

The nine-month period saw net sales of 26,695 rupees, but the cost of sales exceeded this figure at 46,552 rupees, resulting in a gross loss. Administrative expenses and other operating charges further contributed to an operating loss of 51.32 million rupees. Despite other operating income of 1,519 rupees, the company faced a finance cost of 2,362 rupees, leading to a net operating loss before levies and taxation for the period.

According to information available from the Pakistan Stock Exchange (PSX), the company's short-term borrowings remained unchanged at 95,930 rupees, while trade and other payables increased slightly to 577,719 rupees. The company's total current liabilities rose to 750,662 rupees from 745,809 rupees, indicating a minor move in financial obligations.

Assets of the company, including property, plant, and equipment, slightly decreased from 39.08 billion rupees to 39.06 billion rupees. Current assets also saw a decline, with stock-in-trade dropping from 40,893 rupees to 18,485 rupees, and cash and bank balances decreasing to 9,137 rupees from 9,502 rupees.

The financial report underscores the company's continued struggle to achieve profitability in a challenging market environment, as evidenced by the loss per share of 9.49 rupees for the nine-month period. With ongoing financial constraints, Pakistan Engineering Company Limited faces the need for strategic adjustments to improve its financial standing in the coming months.