Karachi: Buxly Paints Limited has reported a net loss of Rs20.21 million for the nine months ended March 31, 2026, reversing a profit of Rs0.37 million recorded during the corresponding period last year, as weaker sales and higher operating expenses weighed on the company’s financial performance.

According to the company’s financial results, net sales declined to Rs425.12 million, compared with Rs454.59 million in the same period of the previous year. Gross profit also fell by around 6%, reaching Rs76.09 million from Rs80.17 million, reflecting continued pressure on margins.

The company faced a significant increase in operating costs, with distribution, selling, and administrative expenses collectively exceeding gross profit. As a result, Buxly Paints posted an operating loss of Rs21.13 million, compared with an operating profit of Rs10.03 million a year earlier. Although other income increased to Rs7.30 million, it was insufficient to offset the impact of higher expenses and finance costs.

Before taxation, the company reported a loss of Rs20.21 million, while the loss per share stood at Rs14.03, compared with earnings per share of Rs0.26 in the corresponding period of last year.

For the third quarter ended March 31, 2026, Buxly Paints posted a quarterly loss of Rs7.66 million, significantly higher than the Rs1.57 million loss reported in the same quarter of 2025. Quarterly sales also declined to Rs140.91 million from Rs147.15 million.

The company’s balance sheet showed total assets increasing to Rs446.64 million as of March 31, 2026, compared with Rs426.37 million at the end of June 2025. However, accumulated losses widened to Rs26.21 million, reducing total equity to Rs163.12 million. Cash and bank balances stood at Rs34.05 million at the end of the reporting period.

The Board of Directors, in its meeting held on April 29, 2026, approved the financial results and announced no cash dividend, bonus shares, right shares, or any other corporate entitlement for the period.

Buxly Paints’ latest results underscore the challenging operating environment facing Pakistan’s manufacturing sector, where slowing demand, rising costs, and tighter margins continue to pressure profitability despite efforts to improve operational efficiency.