Karachi: Tariq Glass Industries Ltd. has announced its financial results for the first quarter ending September 30, 2026, revealing a substantial increase in net profit alongside a rise in revenue. The company's report, dated October 28, 2026, highlights significant financial gains for the three-month period under review.

The company's revenue rose to 7.99 billion rupees, up from 7.50 billion rupees recorded in the same quarter the previous year. This represents a very large or significant move of 6.50% in revenue, marking a strong performance in the designated market category.

Cost of sales decreased to 5.23 billion rupees from 5.70 billion rupees, contributing to a gross profit increase to 2.75 billion rupees compared to 1.80 billion rupees in the previous year. Administrative expenses and selling and distribution expenses saw rises, totaling 352.13 million rupees compared to 280.42 million rupees last year.

Operating profit surged to 2.40 billion rupees from 1.51 billion rupees, buoyed by other income of 147.27 million rupees, a substantial increase from 35.52 million rupees. Despite a share of loss from associates amounting to 54.61 million rupees, the company managed to mitigate the impact with reduced other expenses and finance costs, standing at 174.22 million rupees and 24.02 million rupees, respectively.

Profit before taxation reached 2.30 billion rupees, up from 1.35 billion rupees in the prior year, showcasing a big move in profitability. The company's taxation cost increased to 802.06 million rupees from 468.55 million rupees, yet net profit for the period still rose to 1.49 billion rupees from 885.43 million rupees, reflecting a 69% increase.

According to information available from the Pakistan Stock Exchange (PSX), Tariq Glass Industries Ltd.'s earnings per share, both basic and diluted, increased to 8.68 rupees from 5.14 rupees, highlighting the company's improved financial standing and shareholder value.