Lahore: Treet Battery Limited has reported its financial results for the first quarter ending on September 30, 2026, revealing a significant downturn in performance compared to the same period last year. The company, which operates in the designated market category of energy storage solutions, saw a considerable decrease in net sales and an increase in net losses.
For the three months ended September 30, 2026, Treet Battery Limited recorded net sales of 1.30 billion rupees, a decline from 1.87 billion rupees in the corresponding period of 2025. This decrease in sales led to a gross profit reduction from 295.86 million rupees to 168.07 million rupees.
Operating expenses for the quarter amounted to 201.15 million rupees, slightly down from 295.80 million rupees in the previous year. The breakdown of these expenses includes administration and general expenses totaling 38.70 million rupees and selling and distribution expenses amounting to 158.95 million rupees. Other operating expenses increased to 3.50 million rupees from 1.64 million rupees.
The company reported an operating loss of 33.07 million rupees for the quarter, in stark contrast to a marginal operating profit of 56,000 rupees in the same period last year. Other operating income saw a sharp decline, recorded at 676,000 rupees compared to 24.04 million rupees previously. Finance costs also increased to 143.84 million rupees from 115.79 million rupees.
According to information available from the Pakistan Stock Exchange (PSX), the loss before levies and income tax widened to 176.24 million rupees from 91.70 million rupees. After accounting for levies amounting to 18.94 million rupees, the loss before income tax stood at 195.18 million rupees, compared to 117.98 million rupees in the previous year.
The company reported no taxation for the period, resulting in a net loss of 195.18 million rupees, an increase from the 117.98 million rupees loss reported in the prior year. The loss per share, both basic and diluted, deteriorated to 0.18 rupees from 0.11 rupees.