BFAGRO 1QFY27 profit rises 37%

October 23, 2026 (MLN): Barkat Frisian Agro Limited (PSX: BFAGRO) reported a 37% surge in its consolidated net profit for the first quarter ended September 30, 2026 (1QFY27 / 3MFY27), reaching Rs221.26m compared to Rs161.17m in the corresponding period last year.

Reflecting this bottom-line momentum, basic and diluted earnings per share (EPS) for the quarter expanded to Rs0.71, up from Rs0.52 in 1QFY26.

The primary catalyst driving the strong quarterly performance was a 21% expansion in net sales alongside a 60% growth in gross profit.

Net sales for the quarter rose to Rs2.27bn, up from Rs1.88bn in 1QFY26. Cost of sales increased 16% to Rs1.90bn, enabling gross profit to expand significantly to Rs374.85m compared to Rs234.74m in the prior-year period.

On the operational front, operating overheads expanded to support sales scaling. Selling and distribution expenses rose 136% to Rs121.01m, administrative expenses increased 58% to Rs33.81m, and other expenses stood at Rs17.89m.

Operational earnings were bolstered by an exchange gain of Rs12.69m (up 331% from Rs2.95m) and "other income" of Rs36.18m, pushing operating profit up 46% to Rs251.01m.

Below the operating line, BFAGRO absorbed higher financial charges, with finance costs rising to Rs30.17m (up from Rs10.84m in 1QFY26). Profit before income tax surged 38% to Rs220.84m.

The company recorded a net tax credit/benefit (deferred tax) of Rs426.96 thousand for the period. Backed by strong top-line sales growth, expanded gross margins, and higher exchange gains, Barkat Frisian Agro Limited securely closed the three-month period with its net profit reaching Rs221.26m.

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