Sazgar Engineering Works Limited (SAZEW) reported its 9MFY26 profit after tax first, posting Rs. 14,879 million (EPS: Rs. 246.2), up 16 percent year-on-year (YoY), reflecting strong cumulative performance.

The company continued its growth momentum in 3QFY26, achieving its highest-ever quarterly profit after tax (PAT) of Rs. 6,438 million (EPS: Rs. 106.5), up 3 percent YoY.

Revenue for 9MFY26 rose to Rs. 115,202 million, up 41 percent YoY. In 3QFY26, net revenue increased 29 percent YoY to Rs. 47,356 million, driven mainly by strong Haval sales volumes of 5,420 units, up 47 percent YoY.

Gross margins, however, came under pressure, declining to 25.6 percent in 9MFY26 from 30.5 percent in 9MFY25. In 3QFY26, margins stood at 26.8 percent versus 32.6 percent last year, mainly due to removal of concessionary duties, rupee depreciation, and a shift toward higher petrol variant sales.

Distribution expenses rose 62 percent YoY to Rs. 4,171 million in 9MFY26, also up 62 percent YoY in 3QFY26, reflecting higher delivery volumes.

Other income in 3QFY26 surged 155 percent YoY to Rs. 761 million, supported by higher cash balances, while finance cost increased 98 percent YoY to Rs. 102 million. For 9MFY26, finance cost rose 50 percent YoY to Rs. 301 million.

The effective tax rate remained broadly stable at 39.1 percent in 3QFY26, compared to 39.0 percent in 9MFY26 and 38.9 percent in 9MFY25.

The company announced a cash dividend of Rs. 20.0 per share for 3QFY26, taking total payout to Rs. 50.0 per share for 9MFY26.