Tariq Glass profit nears to Rs5bn in FY25

September 24, 2025 (MLN): Tariq Glass Industries Limited (PSX: TGL) reported a 9.2% increase in net profit to Rs4.78 billion for the year ended June 30, 2025, driven by robust revenue growth and improved operational efficiency.

The glass manufacturer's revenue surged 13.4% to Rs33.56bn from Rs29.60bn in the previous year, reflecting strong demand across its product portfolio.

Despite higher sales volumes, the company maintained disciplined cost management with cost of sales rising just 6.3% to Rs23.15bn.

This operational leverage translated into a remarkable 33.1% jump in gross profit to Rs10.41bn, expanding gross margins by 460 basis points to 31.0% from 26.4% in fiscal 2024.

Operating profit soared 37.6% to Rs9.29bn as the company controlled administrative expenses, which rose a modest 9.9% to Rs577.66 million, while selling and distribution costs actually declined 0.7% to Rs543.05m.

Finance costs provided additional tailwind, falling 30.8% to Rs395.85m from Rs572.35m, likely reflecting debt reduction or improved borrowing terms.

However, the company's higher profitability resulted in a 56.5% increase in current tax provisions to Rs3.5bn.

Earnings per share improved to Rs27.75 from Rs25.41, marking the second consecutive year of growth for the glass industry player.

While net margins compressed slightly to 14.2% from 14.8% due to higher tax burdens, the company's operational performance demonstrated strong underlying business momentum.

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