Ghandhara Automobiles 1Q profit surges 51% to Rs2.5bn

October 27, 2026 (MLN): Consolidated profit for the period of Ghandhara Automobiles Limited (PSX: GAL) rose 51.06% year-on-year to Rs2.53bn for the three months ended September 30, 2026, compared with Rs1.67bn in the same period last year.

Basic and diluted earnings per share (EPS) increased 51.07% to Rs44.31 from Rs29.33 in the corresponding quarter last year.

The growth came from higher revenue and a 52% rise in gross profit, along with a lower distribution cost and higher other income. Higher administrative and other expenses and a heavier tax charge partly offset the gains.

Net revenue grew 16.34% to Rs15.73bn from Rs13.52bn. Cost of sales rose at a much slower pace of 8.72% to Rs12.10bn from Rs11.13bn, lifting gross profit 51.84% to Rs3.63bn from Rs2.39bn.

Distribution cost fell 25.80% to Rs80.28m from Rs108.20m, while administrative expenses rose 22.58% to Rs144.00m from Rs117.47m. Other expenses grew 30.74% to Rs133.70m from Rs102.27m, and other income increased 24.50% to Rs206.16m from Rs165.60m.

As a result, profit from operations climbed 56.09% to Rs3.48bn from Rs2.23bn.

Finance cost fell 12.76% to Rs12.44m from Rs14.26m, while share of profit of an associate edged up 0.62% to Rs297.57m from Rs295.74m.

Profit before final tax and income tax grew 49.94% to Rs3.76bn from Rs2.51bn. The company booked no final tax, against Rs5.58m last year, taking profit before income tax up 50.27% to Rs3.76bn from Rs2.50bn.

Current tax for the period, including super tax, rose 48.54% to Rs1.24bn from Rs833.31m, while deferred tax income edged up 4.71% to Rs3.18m from Rs3.04m.

Total taxation increased 48.70% to Rs1.23bn from Rs830.27m, which absorbed part of the gains and left profit for the period at Rs2.53bn.

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