Lahore: Thal Industries Corporation Limited unveiled its financial results for the second quarter ending March 31, 2026, marking noteworthy variances in its financial performance compared to the previous year. The announcement was made during a board meeting held at the company’s Lahore office on May 18, 2026.
According to information available from the Pakistan Stock Exchange (PSX), the company’s net sales for the six months ending March 31, 2026, were recorded at 11.99 billion rupees, a significant move compared to the previous year’s figure of 24.59 billion rupees. This decline reflects shifts in the company’s market dynamics and operational strategies.
The cost of sales concurrently decreased to 10.13 billion rupees from the previous year’s 22.36 billion rupees, resulting in a gross profit of 1.86 billion rupees, compared to 2.23 billion rupees in the corresponding period last year. Operating expenses, including distribution, selling, and administration costs, amounted to 919.49 million rupees, slightly up from the previous year’s 913.59 million rupees.
Despite the reduction in sales, the operating profit stood at 940.10 million rupees, a moderate move from last year’s 1.31 billion rupees. Additional income generated during the period was 233.15 million rupees, contributing to a total operating income of 1.17 billion rupees.
The finance cost, which saw a significant move, was reduced to 546.46 million rupees from the previous year’s 1.07 billion rupees, reflecting the company’s efforts to manage its financial liabilities more effectively. Other expenses were recorded at 43.25 million rupees, slightly higher than the previous year’s 28.91 million rupees, culminating in a profit before levies and income tax of 583.54 million rupees.
After accounting for levies of 144.93 million rupees, the profit before income tax was recorded at 438.61 million rupees. With an income tax adjustment of 28.49 million rupees, the profit for the period reached 467.10 million rupees, demonstrating a very large or significant move compared to the 60.48 million rupees recorded in the same period last year.
The company’s equity and liabilities as of March 31, 2026, show non-current liabilities of 998.18 million rupees and current liabilities amounting to 33.96 billion rupees. Share capital remained steady at 150.23 million rupees, while unappropriated profits rose to 12.09 billion rupees, indicating robust financial health and strategic capital management.
The comprehensive income for the period totaled 467.10 million rupees, significantly impacting the company’s balance sheet and equity reserves. The earnings per share, both basic and diluted, increased from 4.03 rupees in the previous year to 31.09 rupees, highlighting the company’s improved financial performance despite decreased sales.
These results underscore Thal Industries Corporation Limited’s ability to navigate challenging market conditions while maintaining a focus on financial stability and shareholder value.