Lahore: Ghani Global Glass Limited (PSX: GGGL) has announced its financial results for the third quarter and nine months ended March 31, 2026, reporting a significant decline in cumulative profitability despite remaining profitable during the latest quarter. The company’s Board of Directors approved the results at its meeting held on April 28, 2026, while announcing no cash dividend, bonus shares, right shares, or any other corporate action.
According to the unaudited financial statements, Ghani Global Glass posted a net profit after tax of Rs70.66 million for the nine-month period, a sharp decrease from Rs243.22 million recorded in the corresponding period last year. Earnings per share (EPS) also fell to Rs0.30, compared with Rs1.01 a year earlier.
For the third quarter alone, however, the company remained profitable, reporting Rs19.71 million in net earnings, although this was substantially lower than the Rs78.76 million earned during the same quarter last year. Quarterly EPS stood at Rs0.08, down from Rs0.33 in the corresponding period of FY2024-25.
The decline in profitability came alongside softer sales performance. Net sales for the nine-month period declined to Rs2.04 billion, compared with Rs2.13 billion in the previous year. Gross profit also narrowed to Rs490.40 million from Rs553.61 million, reflecting pressure on margins amid lower revenue generation.
Operating profit dropped to Rs373.12 million, compared with Rs539.80 million in the same period last year. Finance costs remained elevated at Rs266.94 million, limiting the company’s bottom-line performance despite a reduction in administrative and selling expenses.
On the balance sheet, Ghani Global Glass reported total assets of Rs6.40 billion as of March 31, 2026, up from Rs6.21 billion at the end of June 2025. Shareholders’ equity improved to Rs2.93 billion, supported by retained earnings during the period.
The company’s cash flow position showed improvement in operating activities, generating Rs199.11 million in net operating cash compared with a cash outflow in the corresponding period last year. However, continued investment spending and financing outflows reduced cash and cash equivalents to Rs55.57 million at the end of March 2026.
Despite maintaining profitability, the company’s financial performance reflects a challenging operating environment marked by lower sales, compressed margins, and substantial financing costs. Investors will be watching future quarters closely to assess whether Ghani Global Glass can restore earnings momentum as market conditions improve.
