Tariq Glass net profit climbs 25.5% to Rs885m

October 28, 2025 (MLN): Tariq Glass Industries Limited (PSX: TGL) reported a profit after taxation of Rs885.4m for the quarter ended September 30, 2025, up 25.5% from Rs705.5m in the corresponding quarter last year.

Earnings per share increased 25.4% to Rs5.14 compared to Rs4.1 in Q1FY25.

Net sales increased 8.9% year-on-year to Rs7.50bn from Rs6.89bn, demonstrating healthy demand during the quarter. Cost of sales rose 13.0% to Rs5.70bn from Rs5.05bn.

Gross profit contracted 2.5% to Rs1.80bn against Rs1.84bn in Q1FY25, with the gross margin declining to 23.9% from 26.7% in the prior year quarter, reflecting higher production costs relative to sales growth.

Selling and distribution expenses increased 9.8% to Rs130.1m, while administrative expenses rose 2.3% to Rs150.3m. Total operating expenses increased 5.6% to Rs280.4m from Rs265.5m last year.

Other expenses increased 12.0% to Rs111.4m from Rs99.4m last year.

The company recorded an operating profit of Rs1.51bn, down 3.9% from Rs1.58bn in Q1FY25.

Other income increased 14.5% to Rs35.5m. Share of loss from associates improved significantly by 50.3% to Rs57.7m from Rs116.0m in the prior period.

Finance costs decreased 84.0% to Rs27.1m from Rs169.6m, providing substantial relief to the bottom line.

Profit before taxation increased 10.9% to Rs1.35bn from Rs1.22bn in Q1FY25.

Taxation declined 9.2% to Rs468.6m from Rs515.8m in the prior period.

The company concluded Q1FY26 with a net profit of Rs885.4m, delivering a net profit margin of 11.8% compared to 10.2% in Q1FY25.

The profit growth was driven by strong revenue expansion and dramatically reduced finance costs, which more than offset margin compression from higher cost of sales and improved performance from associate companies.

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