ATBA profit shrinks 81% to Rs3m in 9MFY26
29-Apr-2026
MettisGlobal
April 29, 2026 (MLN): Atlas Battery Limited (PSX: ATBA) reported a sharp 81.46% year-on-year contraction in profit for the period for the nine months ended March 31, 2026, recording Rs2.93m compared to Rs15.82m in the corresponding period last year.
The company's earnings per share (EPS) declined 82.22% to
Rs0.08, down from Rs0.45 in 9MFY25, showing significant value erosion for
shareholders during the period.
ATBA's net sales declined 3.93% to Rs23.65bn from
Rs24.62bn. Cost of sales contracted at a lesser pace of 2.21% to Rs21.32bn,
compressing the gross level. This resulted in gross profit declining 17.19% to
Rs2.33bn from Rs2.82bn.
Distribution costs rose 12.38% to Rs1.19bn while
administrative expenses moderated by 11.50% to Rs434.35m. Other expenses
declined by 42.57% to Rs42.52m, providing some relief.
The combined effect resulted in profit from operations
declining sharply by 41.93% to Rs732.99m from Rs1.26bn.
Finance costs declined by 25.18% to Rs681.86m from
Rs911.28m, providing a partial offset. However, profit before income tax and
levies still contracted by 85.43% to Rs51.13m from Rs350.95m.
Levies escalated by 42.38% to Rs284.56m from Rs199.86m,
pushing the company into a loss before income tax of Rs233.44m, against a
profit of Rs151.10m in 9MFY25.
A deferred tax credit of Rs265.56m against Rs31.91m in
the prior year provided critical relief, enabling the company to close the
period in a marginal profit position.
After accounting for total taxation, Atlas Battery
Limited closed the nine-month period with a profit for the period of Rs2.93m,
representing an 81.46% contraction over the Rs15.82m reported in the
corresponding period of last year.
|
STATEMENT OF PROFIT OR
LOSS FOR THE NINE MONTH ENDED MARCH 31, 2026 (Rs.000) |
|||
|
Description |
2026 |
2025 |
Change (%) |
|
Sales - net |
23,654,071 |
24,621,060 |
-3.93% |
|
Cost of sales |
(21,322,635) |
(21,805,549) |
-2.21% |
|
Gross profit |
2,331,436 |
2,815,511 |
-17.19% |
|
Distribution cost |
(1,186,783) |
(1,056,007) |
12.38% |
|
Administrative expenses |
(434,347) |
(490,796) |
-11.50% |
|
Other income |
65,203 |
67,556 |
-3.48% |
|
Other expenses |
(42,519) |
(74,031) |
-42.57% |
|
Profit from operations |
732,990 |
1,262,233 |
-41.93% |
|
Finance cost |
(681,864) |
(911,279) |
-25.18% |
|
Profit before income tax
and levies |
51,126 |
350,954 |
-85.43% |
|
Levies |
(284,564) |
(199,858) |
42.38% |
|
(Loss) / profit before
income tax |
(233,438) |
151,096 |
-254.50% |
|
Current tax - For the
period |
(24,148) |
(164,677) |
-85.34% |
|
Current tax - for the
prior years |
(5,037) |
(2,512) |
100.52% |
|
Deferred tax |
265,557 |
31,914 |
732.10% |
|
Profit for the period |
2,934 |
15,821 |
-81.46% |
|
Total comprehensive
income |
2,934 |
15,821 |
-81.46% |
|
Earnings per share
(Rupees) |
0.08 |
0.45 |
-82.22% |
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