MTL profit jumps 28% to Rs8bn, declares Rs11 final dividend

Mettis Global reported that Millat Tractors Limited (PSX: MTL) lifted its consolidated net income by 28% in the fiscal period closing June 30, 2026. Profit after tax reached Rs8.07bn, up from Rs6.32bn a year earlier, while earnings per share rose to Rs20.23 from a restated Rs15.85. The board also declared a final payout of Rs11.00 for each share, equal to 220%, on top of the Rs10.00 interim payments already made.

Revenue from customer contracts climbed 20% to Rs64.24bn, while cost of sales grew at a slower 11%, lifting gross profit 47% to Rs21.14bn. Mettis Global linked the margin gain to better pricing, product mix and cost efficiencies. Operating profit rose 57% to Rs16.16bn, and with finance costs down 33%, earnings before income and final taxes climbed 81% to Rs14.68bn.

Income tax charges nearly quadrupled to Rs6.57bn from Rs1.76bn, absorbing a large share of the pre-tax gain and holding net growth to 28%. Other income fell 18% to Rs501.28m, while distribution, marketing and administrative costs also increased.