April 17, 2026 (MLN):  Ghandhara Automobiles Limited (PSX: GAL) reported a stellar financial performance for the nine months ended March 31, 2026, with its net profit surging 2.23 times to Rs2.87bn, up from Rs1.29bn in the corresponding period last year.

Reflecting this massive bottom-line expansion, the company's earnings per share (EPS) more than doubled, reaching Rs50.40 compared to Rs22.56 in 9MFY25.

The primary engine behind this phenomenal growth was a massive spike in top-line sales. The company's net revenue skyrocketed reaching Rs21.70bn compared to Rs8.38bn in the previous year.

While the cost of sales also grew significantly by 2.5 times to Rs17.22bn, it expanded at a slightly slower pace than revenue. As a result, GAL's gross profit nearly tripled, jumping an impressive 198% to Rs4.49bn from Rs1.51bn.

On the operating front, overheads naturally increased alongside the expanding business volume.

Distribution costs rose by 73% to Rs223.90m, while administrative expenses saw a moderate 26% increase to Rs260.59m. Other expenses also nearly doubled, surging 94% to Rs176.23m.

However, the company received a healthy boost from its other income, which grew 39% to Rs772.37m.

Powered by the surging gross margins and solid secondary income, profit from operations recorded a massive 2.8 times jump to Rs4.60bn from Rs1.64bn.

Below the operating line, Ghandhara Automobiles found further relief as its finance costs plummeted by 74%, dropping to just Rs34.14m from the Rs132.91m recorded in the same period last year.

This combination of soaring operational profit and slashed debt-servicing costs pushed the profit before income tax up by 198% to Rs4.49bn.

The company did face a substantially heavier tax burden, booking a total taxation expense of Rs1.61bn a massive 7.4 fold spike from the Rs218.43m paid last year.

Despite this heavy tax hit, the sheer strength of the company's top-line growth easily absorbed the impact, allowing the final net profit to comfortably secure a 123% increase.

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