KARACHI: Hi-Tech Lubricants Limited (HTL) reported a strong turnaround in its financial performance for the quarter ended March 31, 2026, posting a net profit after tax of Rs228.3 million, compared with a loss of Rs117.0 million in the corresponding quarter last year, reflecting improved operating performance and stronger sales.
The company recorded gross revenue of Rs9.66 billion during the third quarter of FY2026, up from Rs8.62 billion a year earlier. After accounting for discounts and sales tax, net revenue increased to Rs8.78 billion, compared with Rs7.91 billion in the same quarter last year. The rise in revenue was accompanied by improved profitability, with gross profit climbing to Rs906.5 million, significantly higher than Rs551.5 million recorded in the corresponding period of FY2025.
For the nine months ended March 31, 2026, Hi-Tech Lubricants posted a net profit after tax of Rs259.4 million, reversing a loss of Rs286.6 million reported during the same period last year. The company’s earnings per share (EPS) improved to Rs1.86, compared with a loss per share of Rs2.06 in the corresponding period of FY2025.
The turnaround was supported by stronger operational performance. Profit from operations surged to Rs726.5 million during the nine-month period, compared with Rs158.9 million a year earlier. Although finance costs remained substantial, they declined significantly from the previous year, helping improve overall profitability.
The company’s financial position also strengthened during the reporting period. Total equity increased to approximately Rs3.95 billion as of March 31, 2026, from Rs3.69 billion at the end of June 2025, supported by higher retained earnings. Meanwhile, total assets expanded to Rs9.57 billion, reflecting growth in business operations.
Hi-Tech Lubricants’ latest quarterly results indicate a notable recovery after the losses recorded in the previous year. Higher revenues, improved margins, and better operating efficiency enabled the company to return to profitability, positioning it on a stronger financial footing as it enters the final quarter of FY2026.
