{
  "id": 9045670,
  "title": "Atlas Battery Limited",
  "url": "https://urgent.news/2026/09/22/atlas-battery-limited",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-22T00:15:08.000Z",
  "source": {
    "name": "Business Recorder",
    "slug": "business-recorder",
    "url": "https://www.brecorder.com/news/40440582/atlas-battery-limited"
  },
  "original_language": "en",
  "account": "Atlas Battery Limited (ATBA), incorporated in Pakistan in 1966, manufactures and sells automotive, motorcycle, and energy storage batteries. The company is owned by Shirazi Investments (Private) Limited, which holds 58.86 percent of its shares. In 2021, ATBA experienced a significant turnaround, despite an upward trajectory until 2023 and a decline in the following years. The company's top-line growth was driven by a stable macroeconomic environment and the recovery of the automobile industry, with a 59 percent increase in top-line revenue to Rs.19,955.087 million. This growth led to a significant improvement in gross profit, multiplying by 159.58 percent, with a gross profit margin of 11.43 percent. The company's workforce grew from 296 employees in 2020 to 337 employees in 2021, leading to an increase in payroll and administrative expenses. However, operating expenses remained stable as a proportion of sales. Other income rose by 55.58 percent in 2021, but was offset by a 135.81 percent increase in other expenses, resulting in an operating profit margin of 6.7 percent. In 2022, ATBA's top-line grew by 25.43 percent year-on-year, reaching Rs.25,029.244 million, driven by improved volumes, better sales mix, and prices. However, the increased cost of sales, due to higher raw material prices and inflation, resulted in a decrease in the gross profit margin to 10.87 percent. Despite a 19.28 percent increase in gross profit, distribution and administrative expenses increased, leading to a decrease in operating profit and net profit compared to the previous year.",
  "summary": "Atlas Battery Limited (PSX: ATBA) was incorporated in Pakistan as a public limited company in 1966. The company manufactures and sells automotive, motorcycle batteries and energy storage batteries and allied products. Shirazi Investments (Private) Limited is the holding company of ATBA holding 58.86 percent of its shares. The company has signed a technical collaboration with Japan Storage Battery…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}