KARACHI: Towellers Limited has announced its unaudited financial results for the nine months ended March 31, 2026, reporting a sharp decline in profitability amid lower sales and rising tax-related charges. The company’s Board of Directors approved the results at its meeting held on April 28, 2026.
According to the financial statement, Towellers Limited posted a net profit of Rs120.96 million for the nine-month period, compared with Rs271.03 million in the corresponding period last year, representing a decline of approximately 55%. Earnings per share (EPS) also dropped to Rs7.12, down from Rs11.85 a year earlier.
The company’s net sales decreased to Rs8.07 billion from Rs9.78 billion in the same period of the previous year. Despite the decline in revenue, gross profit improved slightly to Rs999.28 million, compared with Rs965.91 million last year, reflecting better gross margins. However, higher operating expenses, finance costs, levies, and tax charges weighed on the company’s bottom line.
Operating profit stood at Rs293.26 million, down from Rs326.78 million in the corresponding period last year. Profit before income tax declined to Rs158.17 million, while income tax expenses further reduced the company’s earnings for the period.
For the third quarter alone, Towellers Limited recorded a profit of Rs15.11 million, significantly lower than the Rs69.50 million earned during the same quarter last year. Quarterly EPS fell to Rs0.89 from Rs1.40, highlighting the pressure on profitability during the period.
The Board did not recommend any cash dividend, bonus shares, right shares, or any other corporate action alongside the financial results.
The latest results indicate that while Towellers Limited maintained healthy gross margins, declining sales and increased fiscal charges continued to affect its overall financial performance during the first nine months of FY2026.
