February 10, 2026 (MLN): Baluchistan Wheels Limited (PSX: BWHL) reported a profit after tax of Rs205.37 million for the half year ended December 31, 2025, marked a robust 78.70% YoY increase compared to Rs114.93m in HY24.

Earnings per share (EPS) surged to Rs15.40, up from Rs8.62 in the same period last year.

The company declared an interim cash dividend of Rs10.00 per share (100%) for the second quarter ended December 31, 2025, showing strong operational performance and shareholder-friendly capital allocation.

Net turnover increased 23.00% YoY to Rs1.40bn , demonstrating solid demand momentum across the company's product portfolio.

Cost of sales rose 13.12% to Rs1.01bn, showing improved operational efficiency.

As a result, gross profit surged 58.82% YoY to Rs390.76m, with gross margin expanding significantly due to favorable revenue mix and cost management.

On the expense side, administrative expenses increased 34.50% YoY to Rs107.80m, while selling and distribution costs rose moderately by 6.27% to Rs38.74m.

Other expenses jumped 52.71% to Rs23.02m, and finance costs edged up 5.38% to Rs1.84m.

Consequently, total operating expenses grew 28.46% YoY to Rs171.40m, remaining well below revenue growth and supporting margin expansion.

Other income contributed Rs84.94m during the period, up 4.49% YoY from Rs81.29m, providing additional support to profitability.

Profit before taxation and levy improved 56.93% YoY to Rs304.30m.

Levy and final taxes declined sharply by 93.64% to Rs0.14m, benefiting the overall tax structure.

Profit before taxation stood at Rs304.16m, representing a 58.61% YoY increase.

Taxation rose 28.57% to Rs98.79m, bringing profit after tax to Rs205.37m for HY25.

The strong half-year performance positions Baluchistan Wheels Limited favorably as it navigates evolving market dynamics in Pakistan's automotive components sector.