MTL 1QFY27 profit sky rockets 53%

Millat Tractors Limited (MTL) posted consolidated net profit of Rs940.64 million for the three months to September 30, 2026, up 53.3% from Rs613.46 million a year earlier, according to Mettis Global. Earnings per share increased to Rs2.36 from Rs1.54 in the first quarter of FY26.

Revenue climbed 42.7% to Rs11.11 billion, while gross profit rose 42.5% to Rs3.12 billion. Operating profit advanced 40.8% to Rs1.91 billion, supported by higher sales and lower finance costs, which fell 12.7% to Rs416.46 million. The company’s tax charge more than doubled to Rs540.30 million, while other income declined 58.5% to Rs34.93 million.

The results show stronger earnings alongside rising operating expenses, including a 48.2% increase in administrative costs. For PSX investors, MTL’s quarterly figures provide an update on the listed tractor maker’s revenue, margins and borrowing costs.