Bawany Air Products Limited has reported a consolidated net loss of Rs87.39 million for the quarter ended September 30, 2026, compared with a loss of Rs5.66 million in the corresponding period last year, reflecting increased administrative expenses and losses on investments.
According to the company’s financial results submitted to the Pakistan Stock Exchange (PSX), its standalone net loss stood at Rs59.70 million during the quarter, against Rs5.66 million in the same period of the previous year.
The company’s consolidated financial statements showed a significant increase in administrative expenses, which reached Rs71.86 million compared with Rs2.34 million in the corresponding quarter last year. Finance costs also increased to Rs3.00 million from Rs2.15 million.
Losses on the sale and purchase of investments amounted to Rs13.12 million during the quarter, compared with Rs1.20 million in the same period last year. These factors contributed to the company’s higher overall loss.
Consequently, consolidated loss per share increased to Rs0.14, compared with Rs0.75 in the corresponding quarter of the previous year. On a standalone basis, loss per share improved to Rs0.10 from Rs0.75.
Significant Increase in Assets
Bawany Air Products also reported a substantial increase in its consolidated asset base. Total assets reached Rs21.96 billion as of September 30, 2026, compared with Rs3.18 billion at June 30, 2026.
The increase was primarily reflected in property, plant and equipment amounting to Rs12.99 billion and intangible assets worth Rs6.89 billion. The company’s consolidated balance sheet also recorded a revaluation surplus of approximately Rs5.77 billion.
On a standalone basis, total assets increased to Rs15.18 billion from Rs3.18 billion at the end of June 2026. Investments in shares stood at Rs12.00 billion, while advances to related parties amounted to Rs3.17 billion.
Cash Flow Position
The company’s consolidated cash flow statement showed net cash generated from operating activities of Rs8.06 billion during the quarter. However, investing activities consumed approximately Rs14.10 billion, while financing activities generated Rs6.04 billion.
Cash and cash equivalents stood at Rs266.82 million at the end of September 2026, compared with Rs267.07 million at the beginning of the period.
No Dividend Announced
The Board of Directors, in its meeting held on October 29, 2026, did not recommend any cash dividend, bonus shares or right shares for the quarter ended September 30, 2026.
The financial results highlight a challenging quarterly performance, with the company reporting higher losses despite a substantial expansion in its consolidated asset base. Investors will likely monitor the company’s future financial performance, investment activities and the impact of its expanded asset base on profitability.
