Mandviwalla Mauser Plastic Industries Limited has reported a significant improvement in its financial performance for the fiscal year ended June 30, 2026, with annual profit after taxation nearly tripling compared with the previous year. The company’s latest financial results highlight strong revenue growth, improved profitability and a substantial increase in earnings per share.
According to the financial statements approved by the Board of Directors on October 7, 2026, the company posted a profit after taxation of Rs214.19 million for FY2026, compared with Rs73.20 million in the previous fiscal year. This represents an increase of approximately 192.6%.
Revenue and Gross Profit Show Strong Growth
The company’s revenue increased to Rs1.88 billion during FY2026 from Rs1.12 billion in FY2025, reflecting growth of approximately 67.7%.
Gross profit also recorded a substantial improvement, rising to Rs441.83 million from Rs190.02 million a year earlier. The increase indicates a significant improvement in the company’s gross earnings alongside its expanding revenue base.
Cost of sales increased to Rs1.44 billion from Rs926.02 million in the previous year. However, the growth in revenue outpaced the increase in costs, supporting a stronger gross profit margin.
Operating Profitability Improves
Mandviwalla Mauser Plastic Industries reported profit from operations of Rs374.20 million for FY2026, compared with Rs149.24 million in FY2025.
General and administrative expenses increased to Rs67.63 million from Rs40.78 million, while selling and distribution expenses declined to Rs14.43 million from Rs16.38 million.
Finance costs also decreased to Rs23.55 million from Rs26.67 million, providing additional support to the company’s financial performance. Profit before taxation rose to Rs319.79 million from Rs99.98 million in the preceding fiscal year.
After accounting for taxation of Rs105.60 million, the company recorded net profit of Rs214.19 million.
Earnings Per Share Increase to Rs7.45
The company’s earnings per share (EPS) increased to Rs7.45 for FY2026 from Rs2.55 in FY2025. This improvement reflects the substantial rise in annual earnings and provides shareholders with a key indicator of the company’s stronger profitability.
The financial statements also reported total comprehensive income of Rs219.74 million, compared with Rs61.22 million in the previous year.
Asset Base Expands Significantly
The company’s financial position also showed considerable changes during the year. Property, plant and equipment increased to Rs391.59 million as of June 30, 2026, compared with Rs101.75 million a year earlier.
Current assets rose to Rs657.34 million from Rs444.39 million, while stock-in-trade increased to Rs267.76 million from Rs233.51 million. Trade receivables also climbed to Rs155.94 million from Rs118.66 million.
Total net assets reached Rs337.86 million, compared with Rs118.12 million at the end of FY2025.
At the same time, short-term borrowings increased to Rs351.57 million from Rs260.31 million. This remains an important area for investors to monitor as the company continues its operations and business expansion.
Cash Flow and Financial Position
Cash flow from operating activities stood at Rs240.63 million during FY2026, compared with a net operating cash outflow of Rs11.97 million in FY2025.
The company reported net cash used in investing activities of Rs262.11 million, largely reflecting fixed capital expenditures. Financing activities generated net cash inflows of Rs75.76 million during the year.
Cash and cash equivalents increased to Rs54.35 million at June 30, 2026, compared with Rs65,537 at the end of the previous fiscal year.
These figures reflect improved operating cash generation alongside investment in the company’s asset base.
No Dividend or Bonus Shares Announced
Despite the strong improvement in annual earnings, the board did not recommend a cash dividend, bonus shares or right shares for FY2026. The company also reported no other entitlement or price-sensitive corporate action in its announcement.
The Annual General Meeting is scheduled to take place on October 28, 2026, at 12:30 p.m. at the company’s registered office in Karachi. The share transfer books will remain closed from October 21 through October 28, 2026, inclusive.
The company stated that its annual report for the year ended June 30, 2026, would be transmitted electronically through the Pakistan Unified Corporate Action Reporting System (PUCARS) and made available on its official website in due course.
Outlook
Mandviwalla Mauser Plastic Industries’ FY2026 results demonstrate a substantial improvement in revenue, operating performance and net profitability. The increase in earnings per share and positive operating cash flow are notable developments for shareholders and market participants.
Investors will likely monitor whether the company can sustain its earnings growth, manage rising short-term borrowings and convert its improved financial performance into stronger long-term returns.
