KARACHI: Pace (Pakistan) Limited has reported a strong financial turnaround for the nine months ended March 31, 2026, posting a net profit after tax of Rs672.63 million, compared to Rs249.12 million in the corresponding period last year, reflecting a growth of nearly 170%. The company disclosed its financial results following a meeting of its Board of Directors held on April 28, 2026.
The company generated revenue of Rs641.64 million during the nine-month period, down from Rs1.13 billion recorded a year earlier. Despite the decline in sales, Pace significantly improved its profitability through stronger operating performance and higher other income. Gross profit stood at Rs459.40 million, while profit from operations climbed to Rs837.18 million, almost doubling from Rs424.47 million in the same period last year.
Finance costs declined to Rs111.72 million from Rs122.34 million, while the company also recorded an exchange gain of Rs80.82 million, supporting overall earnings. Profit before taxation surged to Rs806.17 million, compared with Rs249.12 million in the corresponding period of FY25.
Earnings per share (EPS) increased substantially to Rs2.17, up from Rs0.80 in the same period last year, reflecting the company’s improved financial performance.
For the quarter ended March 31, 2026, Pace reported a profit after tax of Rs124.52 million, compared with Rs34.85 million in the corresponding quarter of the previous year. Quarterly EPS stood at Rs0.40, compared with Rs0.11 a year earlier.
The Board of Directors did not recommend any cash dividend, bonus shares, or right issue for shareholders.
The latest results indicate that Pace (Pakistan) has strengthened its financial position despite lower revenues, supported by improved operational efficiency, gains from other income sources, and lower financing costs. The performance highlights the company’s continued efforts to enhance profitability and create value for shareholders.
