AGTL rebounds to Rs1.7bn profit in 9MCY26

Al-Ghazi Tractors (AGTL) swung to a profit in the nine months to September 30, 2026, according to Mettis Global. The company earned Rs1.66bn after tax, against a loss of Rs269.78m in the same period last year. Earnings per share came in at Rs28.61, compared with a loss of Rs4.65 per share a year earlier.

Net sales from customer contracts rose 79.4% to Rs17.51bn, while cost of sales climbed 62.3% to Rs13.03bn. That lifted gross profit to Rs4.48bn from Rs1.73bn, and a Rs151.11m net reversal tied to expected credit losses helped the company. Operating profit reached Rs2.61bn, compared with an operating loss of Rs181.96m in the prior-year period.

Finance costs fell 95.4% to Rs11.39m, while other income rose 146.1% to Rs282.38m, taking pre-tax profit to Rs2.65bn. After a tax charge of Rs993.88m, net profit for the period came to Rs1.66bn. For the third quarter alone, net profit stood at Rs210.09m, against a loss of Rs225.59m a year earlier.