Baluchistan Wheels declares Rs10 dividend

August 20, 2026 (MLN):  Baluchistan Wheels Limited (PSX: BWHL) reported a virtually flat net profit for the fiscal year ended June 30, 2026, recording Rs312.59m compared to Rs315.58m in the preceding year.

 Alongside the financial results, the company announced a final cash dividend of Rs10 per share.

Reflecting this mild 0.9% dip in bottom-line trajectory, basic and diluted earnings per share (EPS) stood at Rs23.44 for the year, compared to Rs23.67 in FY25.

The financial performance was characterized by a strong top-line recovery that was largely absorbed by higher operating expenses and an expanded tax outlay.

BWHL’s net turnover posted a 27% year-on-year surge, reaching Rs2.92bn compared to Rs2.31bn in FY25.

Driven by effective cost management relative to sales growth, the cost of sales grew by 20% to Rs2.09bn, allowing gross profit to expand by 47% to settle at Rs830.76m up from Rs567.12m in the prior year.

On the operational front, overheads expanded alongside increased market activity.

Administrative expenses rose 31% to Rs203.86m, while selling and distribution expenses increased 28% to Rs86.27m.

Other operating expenses also grew 81% to Rs79.61m.

These rising outlays, coupled with a 26% decline in "other income" (which dropped to Rs118.20m from Rs159.52m), moderated gross margin gains, keeping operating profit growth at 26% (Rs579.22m).

Below the operating line, finance costs remained minimal, rising slightly to Rs2.87m.

Driven by robust core operations, profit before taxation grew by 26% to reach Rs576.35m compared to Rs456.39m in FY25.

However, the core operational gains were offset at the final line by a substantial 87% increase in corporate tax outlays, which reached Rs263.76m (up from Rs140.81m in FY25).

Supported by top-line revenue strength, Baluchistan Wheels Limited securely closed the fiscal year with its net profit maintained at Rs312.59m.

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