Thal Ltd. Quarterly Results: Standalone & Consolidated Reports

Quarterly Results

Results Snapshot

YoYQoQ

Figures in Million

Consolidate Quarterly Results

Dec'25

Sep'25

Jun'25

Mar'25

Dec'24

Sep'24

Jun'24

Net Sales

10,244.90

10,417.78

9,713.95

8,535.98

8,377.39

6,500.09

8,662.92

Other Operating Income

0.00

Total Operating income

10,244.90

10,417.78

9,713.95

8,535.98

8,377.39

6,500.09

8,662.92

Raw Material Cost

9,323.43

9,526.25

8,774.58

7,673.84

7,522.78

6,023.59

7,755.55

Purchase of Finished goods

0.00

(Increase) / Decrease In Stocks

0.00

Employee Cost

0.00

Power Cost

0.00

Manufacturing Expenses

158.49

166.48

171.93

174.03

222.44

264.46

210.76

Selling and Distribution Expenses

835.97

957.14

1,067.77

675.36

737.70

700.30

878.84

Other Expenses

-15.85

-16.65

-17.19

-17.40

-22.24

-26.45

-21.08

Total Expenditure (Excl Depreciation)

10,159.40

10,483.39

9,842.35

8,349.20

8,260.49

6,723.89

8,634.39

Operating Profit (PBDIT) excl Other Income

85.5

-65.6

-128.4

186.8

116.89999999999999

-223.79999999999998

28.5

Other Income

1,383.83

1,331.22

1,316.28

1,205.03

1,456.15

1,792.98

1,624.21

Operating Profit (PBDIT)

1,911.32

1,677.99

1,549.45

1,780.26

2,010.31

1,753.28

1,740.58

Interest

158.49

166.48

171.93

174.03

222.44

264.46

210.76

Exceptional Items

0.00

Gross Profit (PBDT)

921.47

891.53

939.37

862.14

854.61

476.50

907.37

Depreciation

450.82

442.45

138.85

451.21

448.92

432.00

87.83

Profit Before Tax

1,302.00

1,069.06

1,238.66

1,155.02

1,338.94

1,056.83

731.59

Tax

1,094.53

850.48

1,295.08

871.43

902.65

818.01

1,028.32

Provisions and contingencies

0.00

Profit After Tax

3,241.68

1,844.32

1,731.20

1,693.75

1,787.59

2,043.01

1,996.51

Extraordinary Items

0.00

Prior Period Expenses

0.00

Other Adjustments

0.00

Net Profit

3,241.68

1,844.32

1,731.20

1,693.75

1,787.59

2,043.01

1,996.51

Share in Profit of Associates

0.00

Minority Interest

205.89

239.35

141.26

210.34

203.77

292.94

255.23

Other related items

0.00

Consolidated Net Profit

3,447.57

2,083.67

1,872.46

1,904.10

1,991.36

2,335.96

2,251.74

Equity Capital

0.00

Face Value

5.0

Reserves

56,861.60

54,145.10

52,240.14

50,443.81

49,098.41

47,722.76

45,690.79

Earnings per share (EPS)

40.01

22.76

21.36

20.9

22.06

25.21

24.64

Diluted Earnings per share

40.01

22.76

21.36

20.9

22.06

25.21

24.64

Operating Profit Margin (Excl OI)

0.75%

-0.92%

0.97%

1.45%

1.26%

-7.26%

0.33%

Gross Profit Margin

17.11%

14.51%

14.18%

18.82%

21.34%

22.9%

9.46%

PAT Margin

31.64%

17.7%

17.82%

19.84%

21.34%

31.43%

23.05%

Public Share Holdings (%)

0.0%

Pledged Promotor Holding (%)

0.0%

Quarterly Analysis Highlights - QoQ

Net Sales

QoQ Growth in quarter ended Dec 2025 is -1.66% vs 7.25% in Sep 2025

Consolidate Net Profit

QoQ Growth in quarter ended Dec 2025 is 65.46% vs 11.28% in Sep 2025

Operating Profit (PBDIT) excl Other Income

QoQ Growth in quarter ended Dec 2025 is 52.10% vs 48.71% in Sep 2025

Interest

QoQ Growth in quarter ended Dec 2025 is -4.80% vs -3.14% in Sep 2025

Operating Profit Margin (Excl OI)

QoQ Growth in quarter ended Dec 2025 has improved from Sep 2025

Compare Quarterly Results Of Thal Ltd. With

Select Peers

Figures in Million

Consolidate Quarterly Results

Change(PKR)

Change(%)

Net Sales

10,244.90

3,500.45

6,744.45

192.67%

Other Operating Income

0.00

Total Operating income

10,244.90

3,500.45

6,744.45

192.67%

Raw Material Cost

9,323.43

2,916.30

6,407.13

219.70%

Purchase of Finished goods

0.00

(Increase) / Decrease In Stocks

0.00

Employee Cost

0.00

Power Cost

0.00

Manufacturing Expenses

158.49

193.62

-35.13

-18.14%

Selling and Distribution Expenses

835.97

395.83

440.14

111.19%

Other Expenses

-15.85

-19.36

3.51

18.13%

Total Expenditure (Excl Depreciation)

10,159.40

3,312.13

6,847.27

206.73%

Operating Profit (PBDIT) excl Other Income

85.50

188.32

-102.82

-54.60%

Other Income

1,383.83

-2.11

1,385.94

65,684.36%

Operating Profit (PBDIT)

1,911.32

186.22

1,725.10

926.38%

Interest

158.49

193.62

-35.13

-18.14%

Exceptional Items

0.00

Gross Profit (PBDT)

921.47

584.15

337.32

57.75%

Depreciation

450.82

0.00

450.82

Profit Before Tax

1,302.00

-7.41

1,309.41

17,670.85%

Tax

1,094.53

41.06

1,053.47

2,565.68%

Provisions and contingencies

0.00

Profit After Tax

3,241.68

-48.47

3,290.15

6,788.01%

Extraordinary Items

0.00

Prior Period Expenses

0.00

Other Adjustments

0.00

Net Profit

3,241.68

-48.47

3,290.15

6,788.01%

Share in Profit of Associates

0.00

Minority Interest

205.89

0.00

205.89

Other related items

0.00

Consolidated Net Profit

3,447.57

-48.47

3,496.04

7,212.79%

Equity Capital

0.00

Face Value

5.00

10.00

0.00

Reserves

56,861.60

6,973.44

49,888.16

715.40%

Earnings per share (EPS)

40.01

-6.24

46.25

741.19%

Diluted Earnings per share

40.01

-6.24

46.25

741.19%

Operating Profit Margin (Excl OI)

0.75%

5.38%

0.00

-4.63%

Gross Profit Margin

17.11%

-0.21%

0.00

17.32%

PAT Margin

31.64%

-1.38%

0.00

33.02%

Public Share Holdings (%)

0.00

0.00%

Pledged Promotor Holding (%)

0.00

0.00%

Quarterly - Net Sales

Net Sales 1,024.49 Million

in Dec 2025

Figures in Million

QoQ Growth in quarter ended Dec 2025 is -1.66% vs 7.25% in Sep 2025

YoY Growth in quarter ended Dec 2025 is 22.29% vs 45.60% in Dec 2024

Quarterly - Consolidate Net Profit

Consolidate Net Profit 344.76 Million

in Dec 2025

Figures in Million

QoQ Growth in quarter ended Dec 2025 is 65.46% vs 11.28% in Sep 2025

YoY Growth in quarter ended Dec 2025 is 73.12% vs -35.14% in Dec 2024

Quarterly - Operating Profit (PBDIT)

Operating Profit (PBDIT) 52.75 Million

in Dec 2025

Figures in Million

QoQ Growth in quarter ended Dec 2025 is 52.10% vs 48.71% in Sep 2025

YoY Growth in quarter ended Dec 2025 is -4.82% vs 196.68% in Dec 2024

Quarterly - Interest

Interest 15.85 Million

in Dec 2025

Figures in Million

QoQ Growth in quarter ended Dec 2025 is -4.80% vs -3.14% in Sep 2025

YoY Growth in quarter ended Dec 2025 is -28.73% vs -19.62% in Dec 2024

Quarterly - Operating Profit Margin (Excl OI)

Operating Profit Margin (Excl OI) 0.75%

in Dec 2025

Figures in %

QoQ Growth in quarter ended Dec 2025 has improved from Sep 2025

YoY Growth in quarter ended Dec 2025 has fallen from Dec 2024