Tariq Glass profit falls 16% to Rs4bn in FY26

Tariq Glass Industries (PSX: TGL) posted a 16% fall in net profit for the fiscal year closed on June 30, 2026, according to Mettis Global. Net profit slipped to Rs4.01bn from Rs4.78bn a year earlier, bringing earnings per share down to Rs23.31 from Rs27.75.

Revenue dropped 8% to Rs30.72bn from Rs33.56bn, while cost of sales fell only 6% to Rs21.83bn, so gross profit contracted 15% to Rs8.89bn. Selling and distribution expenses climbed 40% to Rs760.63m, and operating profit fell 19% to Rs7.49bn.

The impairment allowance on trade debts rose to Rs200.34m from Rs56.29m, more than triple the prior level, while finance cost dropped 83% to Rs69.26m from Rs395.86m. Current tax eased 19% to Rs2.85bn, and a levy of Rs699,000 was recorded against nil a year earlier.