Loads Limited Reports Significant Improvement in Profitability
Loads Limited, a manufacturer of automotive radiators, exhaust systems and sheet metal components, has reported a notable improvement in its financial performance for the nine months ended March 31, 2026.
According to the company’s unaudited consolidated financial results, revenue from contracts with customers increased to Rs5.66 billion during the nine-month period, compared with Rs4.35 billion in the corresponding period of 2025. This represents an increase of around 30%, reflecting stronger business activity during the period.
The company’s gross profit also improved substantially, reaching Rs1.18 billion, compared with Rs945.71 million a year earlier. However, administrative, selling and general expenses also rose during the period to Rs366.40 million from Rs267.03 million.
Despite higher expenses, Loads Limited recorded an operating profit of Rs779.11 million, up from Rs695.64 million in the same period last year.
Finance costs remained a significant expense, amounting to Rs277.22 million compared with Rs356.38 million previously. The reduction in finance costs helped support the company’s bottom line.
As a result, profit before income tax rose to Rs501.88 million, compared with Rs339.26 million in the nine months ended March 31, 2025. After accounting for income tax of Rs345.16 million, the company reported profit for the period of Rs156.72 million, more than double the Rs64.29 million recorded in the corresponding period last year.
The consolidated financial statements show that profit attributable to owners of the parent stood at Rs259.33 million, while the non-controlling interest recorded a loss of Rs102.61 million. Earnings per share increased to Rs0.95 from Rs0.77.
Third-Quarter Performance Also Improves
Loads Limited’s performance during the third quarter showed continued improvement. Revenue for the three months ended March 31, 2026 stood at Rs1.86 billion, compared with Rs1.55 billion in the same quarter of 2025.
Gross profit increased to Rs382.11 million, while operating profit reached Rs247.07 million. Profit before tax rose to Rs156.87 million, compared with Rs126.11 million a year earlier.
After taxation, quarterly profit stood at Rs50.99 million, compared with Rs18.29 million in the corresponding quarter last year, indicating a substantial year-on-year improvement.
Stronger Financial Position
The company’s consolidated statement of financial position shows total assets of approximately Rs8.40 billion as of March 31, 2026, compared with Rs6.34 billion at June 30, 2025.
Cash and bank balances stood at around Rs1.56 billion, while total equity attributable to the parent company reached approximately Rs5.22 billion. The company’s financial statements also reflect changes in its capital structure during the period.
Cash generation also strengthened. The consolidated cash-flow statement shows cash generated from operations of Rs441.15 million during the nine months, compared with Rs832.52 million in the same period last year. Cash and cash equivalents at the end of the period stood at approximately Rs1.25 billion.
The company also reported an improvement at the unconsolidated level. Unconsolidated profit for the nine months reached Rs380.95 million, compared with Rs285.72 million in the corresponding period of 2025, while earnings per share increased from Rs1.06 to Rs1.40.
No Dividend Announced
In its April 22, 2026 communication to the Pakistan Stock Exchange, Loads Limited stated that its Board of Directors had considered the financial results for the third quarter ended March 31, 2026. The company said no cash dividend, bonus shares or right shares were recommended in connection with the results.
Overall, Loads Limited’s latest results point to stronger revenue generation and a significant improvement in profitability compared with the previous year. The decline in finance costs and growth in sales helped support earnings, while the company continued to maintain a sizeable cash position at the end of the reporting period.
