Baluchistan Glass expands losses to Rs713m

September 23, 2025 (MLN): Baluchistan Glass Limited (PSX: BGL) reported a net loss after tax of Rs713.5 million for the fiscal year 2025, marking a 40% increase from the Rs508.7m loss recorded in the previous year.

This was due to surging operational costs that overshadowed a dramatic revenue expansion.

The Pakistani glassmaker's loss per share improved slightly to Rs1.85 from Rs1.94 a year earlier, representing a marginal 4.6% enhancement despite the wider absolute loss.

Net sales surged 345% to Rs717.8m from Rs161.3m in fiscal 2024, indicating strong market demand or expanded operations.

However, the cost of sales skyrocketed 164% to Rs1.18 billion, substantially outpacing revenue growth and deepening the company's gross loss by 62% to Rs463.8m.

Operating losses widened 42% to Rs456.4m from Rs321.6m, reflecting the company's struggle to achieve economies of scale despite higher sales volumes.

 Administrative and selling expenses more than doubled, climbing 160% to Rs60.9m, while finance costs increased 34% to Rs255.9m.

Other income provided significant relief, surging to Rs68.6m from just Rs26,000 in the same period last year.

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