Karachi: Waves Home Appliances Limited has released its financial results for the quarter ending March 31, 2026, revealing a mix of growth and challenges in a demanding economic climate. The company reported gross sales of PKR 1,422.76 million, an increase from PKR 1,320.75 million in the same period last year, marking a 7.7% growth. Net sales also rose to PKR 1,002.11 million from PKR 989.30 million, showing a 1.3% increase.
However, gross profit experienced a slight decline to PKR 274.11 million from PKR 275.46 million, attributed to margin pressures from rising input and energy costs. Profit from operations improved to PKR 216.30 million from PKR 195.72 million, demonstrating effective cost control and operational efficiency.
According to information available from the Pakistan Stock Exchange (PSX), the company’s profit before levies and taxation decreased to PKR 71.06 million from PKR 102.91 million, largely due to higher finance costs and elevated input prices. Despite these challenges, profit for the period grew to PKR 63.86 million from PKR 60.23 million, registering a 6.0% increase. Earnings per share also saw an improvement to PKR 0.24 from PKR 0.22.
The company maintained profitability through disciplined cost management and operational efficiencies, despite a challenging economic environment. Waves Home Appliances Limited continued to enhance its distribution network and product availability, focusing on energy-efficient appliances to align with consumer preferences. The company also worked to improve after-sales service standards, customer satisfaction, and managed costs through stringent controls over inventory and procurement processes.
Efforts in social development, employee welfare, education, and healthcare reflect the company’s commitment to responsible business practices. Waves Home Appliances Limited remains dedicated to sustainable business practices, emphasizing energy-efficient products and responsible resource management.
The financial statements have been prepared in accordance with approved accounting standards in Pakistan, with consistent application of accounting policies and prudent judgment. The company has adhered to the Companies Act, 2017 and the Listed Companies (Code of Corporate Governance) Regulations, 2019.
The Board expressed gratitude for the support from the Securities & Exchange Commission of Pakistan, State Bank of Pakistan, and the management of the Pakistan Stock Exchange, as well as the ongoing confidence and trust from shareholders.