Millat Tractors FY26 Profit Up 23%

Millat Tractors Limited reported a 23% increase in profit after tax for the fiscal year 2025-26, reaching Rs. 7.84 billion compared to Rs. 6.37 billion the previous year. The company announced a final dividend of Rs. 21 per share, resulting in a total dividend payout of Rs. 21 per share for the year. Net revenue grew by 22% to Rs.

63.76 billion in FY26, up from Rs. 52.11 billion in FY25. Arif Habib Limited credited this growth to higher sales volumes, with Millat Tractors selling 18,874 units, a 1.6% increase year over year. Gross profit expanded by 47% to Rs. 20.36 billion, with the gross profit margin improving to 31.9% from 26.6% in the prior year. The company attributed this improvement to cost efficiencies and a favorable product mix.

Finance costs decreased by 33% to Rs. 1.46 billion, while other income declined by 6% to Rs. 599 million, partly due to lower savings rates. On a per-share basis, earnings per share rose to Rs. 19.65 in FY26 from Rs. 15.97 in FY25. However, the effective tax rate increased to 45.7% from 21% in the previous year. In Q4, revenue grew by 50% year over year to Rs. 18.19 billion.