Burshane LPG (Pakistan) Limited has reported a strong turnaround in its financial performance for the nine months ended March 31, 2026, posting a profit after tax of Rs100.7 million compared to a loss of Rs60.4 million recorded during the same period last year. The company’s earnings per share (EPS) improved to Rs4.48 from a loss per share of Rs2.69 in the corresponding period.
According to the company’s interim financial statements, net sales surged by 71.8% to Rs2.014 billion, up from Rs1.173 billion a year earlier. The significant increase was primarily driven by higher LPG sales volumes, improved availability of locally sourced products, and increased procurement of imported LPG supported through financing arrangements from an associated company.
Sales volume reached 10,238 metric tons during the nine-month period, representing a 78% increase over the same period last year. As a result, gross profit rose sharply to Rs165.7 million, compared with Rs43.1 million in the previous year, reflecting improved margins and operational efficiency.
The company also benefited from lower administrative and distribution expenses, while finance costs declined due to reduced borrowing costs and repayments of outstanding loans. Other income increased by over 40%, supported by income from third-party LPG storage and the reversal of certain liabilities. These factors collectively contributed to a profit before tax of Rs105.8 million, compared to a loss before tax of Rs57.5 million in the corresponding period of FY2025.
Burshane LPG’s balance sheet remained stable, with total assets standing at approximately Rs1.30 billion as of March 31, 2026. The company also continued efforts to restructure and reduce its debt obligations, including repayments under financing facilities with the National Bank of Pakistan.
Management expressed confidence in the company’s future prospects, citing improved business conditions, stronger market demand, and ongoing efforts to enhance operational efficiency. The company stated that it remains focused on increasing shareholder value and sustaining profitability in the coming periods.
