Ghani Glass quarterly profit climbs 57% to Rs1bn

October 28, 2026 (MLN): Profit after taxation of Ghani Glass Limited (PSX: GHGL) rose 57.08% year-on-year to Rs1.11bn for the three months ended September 30, 2026, compared with Rs706.34m in the same period last year.

Basic and diluted earnings per share (EPS) increased 56.34% to Rs1.11 from Rs0.71 in the corresponding quarter last year.

Along with the results, the company announced a cash dividend of Rs1 per share (10%).

The growth came from a 10% drop in cost of sales, which lifted gross profit nearly 50% despite only a slight rise in revenue, along with a halving of finance costs. Higher operating expenses, a lower share of profit from an associate and a nearly doubled tax charge partly offset the gains.

Net revenue from contracts with customers grew 2.32% to Rs10.22bn from Rs9.99bn. Cost of sales fell 10.31% to Rs7.07bn from Rs7.88bn, which lifted gross profit 49.49% to Rs3.16bn from Rs2.11bn.

General and administrative expenses increased 17.97% to Rs661.76m from Rs560.96m, while selling and distribution expenses rose 16.04% to Rs693.56m from Rs597.66m.

Other expenses grew 62.63% to Rs134.04m from Rs82.42m. The company booked no impairment loss on financial assets, against Rs1.93m last year, while other income fell 20.91% to Rs61.28m from Rs77.48m.

As a result, profit from operations climbed 82.70% to Rs1.73bn from Rs945.88m.

Finance costs fell 51.59% to Rs9.10m from Rs18.79m, providing further relief. Share of profit of an associate, net of tax, declined 33.59% to Rs89.46m from Rs134.70m.

Profit before income tax grew 70.33% to Rs1.81bn from Rs1.06bn.

Taxation nearly doubled, up 96.66% to Rs699.01m from Rs355.45m, which absorbed part of the gains and left profit after taxation at Rs1.11bn.

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