Category: Millat Tractors Limited (MTL)

Karachi: Javedan Corporation Limited (PSX: JVDC) reported a robust financial performance for the nine months ended March 31, 2026, posting a significant increase in profitability driven by strong revenue growth and improved operating performance. The company disclosed its financial results following the Board of Directors’ meeting held on April 28, 2026. According to the unconsolidated financial statements, Javedan Corporation’s revenue from contracts with customers climbed to Rs7.78 billion, compared with Rs5.29 billion recorded during the corresponding period last year. The higher sales helped the company achieve a gross profit of Rs6.91 billion, more than doubling from Rs3.03 billion in the same period of 2025. Profit before levies and taxation rose sharply to Rs5.89 billion, reflecting stronger operational performance despite increases in administrative and finance costs. After accounting for taxation, the company posted a net profit of Rs4.21 billion, marking an impressive 132.5% year-on-year increase from Rs1.81 billion reported in the corresponding period last year. The strong earnings translated into earnings per share (EPS) of Rs11.06, compared with Rs4.76 in the same period of the previous year, highlighting substantial value creation for shareholders. For the quarter ended March 31, 2026, the company earned Rs1.93 billion, significantly higher than the Rs574.8 million reported in the corresponding quarter of 2025, while quarterly EPS improved to Rs5.07 from Rs1.51. The company’s financial position also strengthened during the reporting period. Total assets increased to Rs44.22 billion as of March 31, 2026, compared with Rs41.35 billion at the end of June 2025. Shareholders’ equity expanded to Rs27.69 billion, supported by higher retained earnings generated during the period. Despite the strong financial performance, the Board of Directors did not recommend any cash dividend, bonus shares, right shares, or any other corporate action for the period under review. The latest results underscore Javedan Corporation’s continued operational momentum and reflect the company’s ability to capitalize on improved business activity and sustained demand across its core operations, positioning it well for the remainder of the financial year.

Karachi: Javedan Corporation Limited (PSX: JVDC) reported a robust financial performance for the nine months ended March 31, 2026, posting a significant increase in profitability driven by strong revenue growth and improved operating performance. The company disclosed its financial results following the Board of Directors’ meeting held on April 28, 2026. According to the unconsolidated financial statements, Javedan Corporation’s revenue from contracts with customers climbed to Rs7.78 billion, compared with Rs5.29 billion recorded during the corresponding period last year. The higher sales helped the company achieve a gross profit of Rs6.91 billion, more than doubling from Rs3.03 billion in the same period of 2025. Profit before levies and taxation rose sharply to Rs5.89 billion, reflecting stronger operational performance despite increases in administrative and finance costs. After accounting for taxation, the company posted a net profit of Rs4.21 billion, marking an impressive 132.5% year-on-year increase from Rs1.81 billion reported in the corresponding period last year. The strong earnings translated into earnings per share (EPS) of Rs11.06, compared with Rs4.76 in the same period of the previous year, highlighting substantial value creation for shareholders. For the quarter ended March 31, 2026, the company earned Rs1.93 billion, significantly higher than the Rs574.8 million reported in the corresponding quarter of 2025, while quarterly EPS improved to Rs5.07 from Rs1.51. The company’s financial position also strengthened during the reporting period. Total assets increased to Rs44.22 billion as of March 31, 2026, compared with Rs41.35 billion at the end of June 2025. Shareholders’ equity expanded to Rs27.69 billion, supported by higher retained earnings generated during the period. Despite the strong financial performance, the Board of Directors did not recommend any cash dividend, bonus shares, right shares, or any other corporate action for the period under review. The latest results underscore Javedan Corporation’s continued operational momentum and reflect the company’s ability to capitalize on improved business activity and sustained demand across its core operations, positioning it well for the remainder of the financial year.

by | Apr 29, 2026 | | 0 |

KARACHI: Millat Tractors Limited (MTL), Pakistan’s leading agricultural machinery...

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