GTYR plunges into red in 3MFY27

Ghandhara Tyre & Rubber Company (GTYR) reported a net loss of Rs386.76 million for the three months ended September 30, 2026, compared with a Rs29.16 million profit a year earlier, Mettis Global reported. The company’s loss per share was Rs3.17, against earnings per share of Rs0.24 in 3MFY26.

Net sales grew 17.3% to Rs4.40 billion, but cost of sales climbed 33.4% to Rs4.21 billion. Gross profit consequently fell 68.3% to Rs188.14 million, while operating results shifted from a Rs335.54 million profit to an Rs85.94 million loss. Finance costs were Rs253.40 million, down 16.1% year on year.

The figures show that higher sales did not offset the increased production costs and lower gross margins during the quarter. GTYR ended the period with a loss before tax of Rs386.59 million, compared with a profit before tax of Rs8.14 million in the corresponding period.