KARACHI: Husein Industries Limited posted a strong turnaround in its financial performance for the nine-month period ended March 31, 2026, reporting a substantial increase in profitability despite lower revenue, supported by improved margins and reduced finance costs.

According to the company’s unaudited financial statements, profit after tax climbed to Rs51.66 million, compared with Rs26.79 million in the corresponding period last year, reflecting an impressive 92.9% year-on-year increase. Earnings per share (EPS) also improved significantly to Rs4.86, up from Rs2.52 a year earlier.

Revenue for the nine-month period declined to Rs150.08 million from Rs184.28 million in the same period of the previous year. However, the company managed to significantly reduce its cost of sales and expenses to Rs48.55 million, compared with Rs94.51 million last year, resulting in a higher gross profit of Rs101.53 million.

Operating profit increased to Rs70.53 million, up from Rs56.77 million, while finance costs fell sharply to Rs22.80 million from Rs36.03 million, strengthening the company’s bottom line. Profit before taxation stood at Rs48.04 million, more than double the Rs21.35 million reported in the corresponding period of last year.

For the quarter ended March 31, 2026, Husein Industries posted a profit after tax of Rs21.77 million, compared with Rs16.28 million in the same quarter of 2025. Quarterly EPS improved to Rs2.05 from Rs1.53, reflecting continued operational momentum.

The company’s financial position also strengthened during the period. Cash and bank balances increased to Rs35.31 million from Rs19.07 million at the beginning of the financial year, while short-term borrowings declined to Rs255.81 million from Rs272.44 million. Shareholders’ equity returned to positive territory at Rs3.56 million, compared with a negative equity position of Rs48.10 million as of June 30, 2025.

The results indicate that Husein Industries has made significant progress in improving operational efficiency and financial stability, positioning the company on a stronger footing despite softer sales during the reporting period.