TBL 1QFY27 net loss widens 65%

October 27, 2026 (MLN): Treet Battery Limited (PSX: TBL) reported a 65% increase in net loss for the first quarter ended September 30, 2026 (1QFY27 / 3MFY27), recording a loss of Rs195.18m compared to a loss of Rs117.98m in the corresponding period last year.

Reflecting this widened loss, basic and diluted loss per share (LPS) expanded to Rs0.18, compared to Rs0.11 in 1QFY26.

The primary catalyst driving the wider loss was a 30% contraction in net sales and a 43% drop in gross profit, coupled with a 24% increase in finance costs.

Net sales for the quarter fell to Rs1.30bn, down from Rs1.87bn in 1QFY26. Although cost of sales decreased 28% to Rs1.13bn, gross profit contracted to Rs168.07m compared to Rs295.86m in the prior-year period.

On the operational side, operating overheads decreased overall due to lower selling spend.

Selling and distribution expenses fell 39% to Rs158.95m (down from Rs259.92m), while administration and general expenses rose 13% to Rs38.70m and other operating expense rose to Rs3.50m.

However, with "other operating income" plunging 97% to Rs676 thousand (down from Rs24.04m), TBL slipped into an operating loss of Rs33.07m, down from an operating profit of Rs56 thousand in 1QFY26.

Below the operating line, TBL absorbed higher debt servicing charges, with finance costs rising 24% to Rs143.84m (up from Rs115.79m in 1QFY26). Accounting for statutory levies of Rs18.94m (down 28% from Rs26.28m), loss before income tax reached Rs195.18m.

With no taxation charge recorded for either period, Treet Battery Limited closed the three-month period with a net loss of Rs195.18m.

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