Last close · 16 Oct 2026
Rs 51.00 -0.43%
Quarterly · Q1 FY2022 – Q4 FY2026
Ghani Value Glass Limited (GVGL) quarterly income statement
Ghani Value Glass Limited reported revenue of Rs 2.0 bn for Q4 FY2026 (Apr – Jun 2026), up 40.2% on Q4 FY2025. Gross profit came to Rs 861.1 mn, a gross margin of 43.9%. Operating profit was Rs 312.7 mn (an operating margin of 15.9%). Tax of Rs 186.0 mn took 46.7% of pre-tax profit. Profit attributable to shareholders was Rs 212.3 mn, down 4.8% on Q4 FY2025, or Rs 1.41 per share.
| Rs mn | TTM to Jun 2026 | Q4 FY2026 Apr – Jun 2026 | Q3 FY2026 Jan – Mar 2026 | Q2 FY2026 Oct – Dec 2025 | Q1 FY2026 Jul – Sep 2025 | Q4 FY2025 Apr – Jun 2025 | Q3 FY2025 Jan – Mar 2025 | Q2 FY2025 Oct – Dec 2024 | Q1 FY2025 Jul – Sep 2024 | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 6,971.9 | 1,960.8 | 1,816.4 | 1,780.4 | 1,414.3 | 1,398.7 | 1,699.5 | 1,738.9 | 1,081.7 | ||||||||||||
| Cost of revenue | (4,305.0) | (1,099.7) | (1,072.9) | (1,165.8) | (966.6) | (893.2) | (1,091.5) | (1,034.2) | (719.2) | ||||||||||||
| Gross profit | 2,666.9 | 861.1 | 743.5 | 614.5 | 447.7 | 505.6 | 608.0 | 704.7 | 362.5 | ||||||||||||
| Selling, general & administrative expenses | (1,154.7) | (510.8) | (249.0) | (232.1) | (162.8) | (194.2) | (225.6) | (229.5) | (165.1) | ||||||||||||
| Operating profit | 1,389.9 | 312.7 | 462.7 | 354.2 | 260.3 | 277.4 | 358.3 | 457.1 | 177.3 | ||||||||||||
| Profit before tax | 1,649.3 | 398.3 | 551.4 | 394.2 | 305.4 | 314.2 | 406.6 | 508.2 | 219.3 | ||||||||||||
| Taxation | (663.8) | (186.0) | (225.7) | (135.1) | (117.0) | (91.2) | (74.9) | (133.5) | (64.1) | ||||||||||||
| Profit after tax | 985.6 | 212.3 | 325.8 | 259.2 | 188.4 | 223.0 | 331.7 | 374.7 | 155.2 | ||||||||||||
| Profit attributable to shareholders | 985.6 | 212.3 | 325.8 | 259.2 | 188.4 | 223.0 | 331.7 | 374.7 | 155.2 | ||||||||||||
| Per share & other | |||||||||||||||||||||
| EPS – basic (Rs) Rs | 6.57 | 1.41 | 2.17 | 1.73 | 1.26 | 1.48 | 2.21 | 2.50 | 1.04 | ||||||||||||
| EPS – diluted (Rs) Rs | 6.57 | 1.41 | 2.17 | 1.73 | 1.26 | 1.48 | 2.21 | 2.50 | 1.04 | ||||||||||||
| Dividend per share (Rs) Rs | 2.00 | 1.00 | 0.00 | 0.00 | 1.00 | 0.00 | 1.00 | 1.00 | 1.00 | ||||||||||||
| EBITDA | 1,620.5 | 376.2 | 518.9 | 418.4 | 307.0 | 329.5 | 410.7 | 508.3 | 229.1 | ||||||||||||
| Depreciation & amortisation | 230.6 | 63.5 | 56.2 | 64.2 | 46.7 | 52.2 | 52.5 | 51.2 | 51.8 | ||||||||||||
| Weighted average shares mn | 150.2 | 150.2 | 150.1 | 149.8 | 149.5 | 150.2 | 150.1 | 149.9 | 149.2 | ||||||||||||
| Rs mn | Q4 FY2026 Apr – Jun 2026 | Q3 FY2026 Jan – Mar 2026 | Q2 FY2026 Oct – Dec 2025 | Q1 FY2026 Jul – Sep 2025 | Q4 FY2025 Apr – Jun 2025 | Q3 FY2025 Jan – Mar 2025 | Q2 FY2025 Oct – Dec 2024 | Q1 FY2025 Jul – Sep 2024 | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | +40.2% | +6.9% | +2.4% | +30.8% | +24.9% | +29.1% | +12.5% | +9.1% | ||||||||||||
| Cost of revenue | +23.1% | -1.7% | +12.7% | +34.4% | +23.7% | +24.2% | +6.9% | +9.7% | ||||||||||||
| Gross profit | +70.3% | +22.3% | -12.8% | +23.5% | +27.0% | +39.1% | +21.9% | +7.9% | ||||||||||||
| Selling, general & administrative expenses | +163.0% | +10.4% | +1.1% | -1.4% | +9.3% | +74.5% | +53.3% | +15.7% | ||||||||||||
| Operating profit | +12.8% | +29.1% | -22.5% | +46.8% | +49.7% | +25.9% | +14.4% | +1.9% | ||||||||||||
| Profit before tax | +26.8% | +35.6% | -22.4% | +39.2% | +16.2% | +28.4% | +13.5% | +9.1% | ||||||||||||
| Taxation | +104.0% | +201.3% | +1.2% | +82.6% | +1.4% | -4.0% | +3.4% | +57.8% | ||||||||||||
| Profit after tax | -4.8% | -1.8% | -30.8% | +21.4% | +23.5% | +39.0% | +17.6% | -3.2% | ||||||||||||
| Profit attributable to shareholders | -4.8% | -1.8% | -30.8% | +21.4% | +23.5% | +39.0% | +17.6% | -3.2% | ||||||||||||
| Per share & other | ||||||||||||||||||||
| EPS – basic (Rs) | -4.8% | -1.8% | -30.8% | +21.2% | +22.9% | +39.0% | +17.9% | -2.8% | ||||||||||||
| EPS – diluted (Rs) | -4.8% | -1.8% | -30.8% | +21.2% | +22.9% | +39.0% | +17.9% | -2.8% | ||||||||||||
| Dividend per share (Rs) | — | -100.0% | -100.0% | 0.0% | — | — | — | — | ||||||||||||
| EBITDA | +14.2% | +26.3% | -17.7% | +34.0% | +35.7% | +17.4% | +17.9% | +5.7% | ||||||||||||
| Depreciation & amortisation | +21.7% | +7.2% | +25.4% | -9.8% | -9.6% | -19.8% | +62.4% | +21.1% | ||||||||||||
| Weighted average shares | — | — | — | — | — | — | — | — | ||||||||||||
Change against the same quarter a year earlier; shown when the earlier figure is positive.
| Rs mn | Q4 FY2026 Apr – Jun 2026 | Q3 FY2026 Jan – Mar 2026 | Q2 FY2026 Oct – Dec 2025 | Q1 FY2026 Jul – Sep 2025 | Q4 FY2025 Apr – Jun 2025 | Q3 FY2025 Jan – Mar 2025 | Q2 FY2025 Oct – Dec 2024 | Q1 FY2025 Jul – Sep 2024 | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | ||||||||||||
| Cost of revenue | (56.1%) | (59.1%) | (65.5%) | (68.3%) | (63.9%) | (64.2%) | (59.5%) | (66.5%) | ||||||||||||
| Gross profit | 43.9% | 40.9% | 34.5% | 31.7% | 36.1% | 35.8% | 40.5% | 33.5% | ||||||||||||
| Selling, general & administrative expenses | (26.1%) | (13.7%) | (13.0%) | (11.5%) | (13.9%) | (13.3%) | (13.2%) | (15.3%) | ||||||||||||
| Operating profit | 15.9% | 25.5% | 19.9% | 18.4% | 19.8% | 21.1% | 26.3% | 16.4% | ||||||||||||
| Profit before tax | 20.3% | 30.4% | 22.1% | 21.6% | 22.5% | 23.9% | 29.2% | 20.3% | ||||||||||||
| Taxation | (9.5%) | (12.4%) | (7.6%) | (8.3%) | (6.5%) | (4.4%) | (7.7%) | (5.9%) | ||||||||||||
| Profit after tax | 10.8% | 17.9% | 14.6% | 13.3% | 15.9% | 19.5% | 21.5% | 14.3% | ||||||||||||
| Profit attributable to shareholders | 10.8% | 17.9% | 14.6% | 13.3% | 15.9% | 19.5% | 21.5% | 14.3% | ||||||||||||
| Per share & other | ||||||||||||||||||||
| EBITDA | 19.2% | 28.6% | 23.5% | 21.7% | 23.6% | 24.2% | 29.2% | 21.2% | ||||||||||||
| Depreciation & amortisation | 3.2% | 3.1% | 3.6% | 3.3% | 3.7% | 3.1% | 2.9% | 4.8% | ||||||||||||
Each line as a percentage of revenue.
Figures in Pakistani rupees as reported by the company; costs and cash outflows in brackets; "—" = not reported. TTM = the latest four quarters added together. Updated 16 Oct 2026.
All reported line items 80
| Rs mn | Q4 FY2026 Apr – Jun 2026 | Q3 FY2026 Jan – Mar 2026 | Q2 FY2026 Oct – Dec 2025 | Q1 FY2026 Jul – Sep 2025 | Q4 FY2025 Apr – Jun 2025 | Q3 FY2025 Jan – Mar 2025 | Q2 FY2025 Oct – Dec 2024 | Q1 FY2025 Jul – Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue from Goods & Services | 1,960.8 | 1,816.4 | 1,780.4 | 1,414.3 | 1,398.7 | 1,699.5 | 1,738.9 | 1,081.7 |
| Sales of Goods & Services - Net - Unclassified | 1,960.8 | 1,816.4 | 1,780.4 | 1,414.3 | 1,398.7 | 1,699.5 | 1,738.9 | 1,081.7 |
| Revenue from Business Activities - Total | 1,960.8 | 1,816.4 | 1,780.4 | 1,414.3 | 1,398.7 | 1,699.5 | 1,738.9 | 1,081.7 |
| Cost of Operating Revenue | 1,099.7 | 1,072.9 | 1,165.8 | 966.6 | 893.2 | 1,091.5 | 1,034.2 | 719.2 |
| Cost of Revenues - Total | 1,099.7 | 1,072.9 | 1,165.8 | 966.6 | 893.2 | 1,091.5 | 1,034.2 | 719.2 |
| Cost of Revenues - Unclassified | — | — | — | — | — | — | — | — |
| Selling, General & Administrative Expenses - Total | 510.8 | 249.0 | 232.1 | 162.8 | 194.2 | 225.6 | 229.5 | 165.1 |
| Selling, General & Administrative Expenses - Unclassified | 453.1 | — | — | — | 143.2 | — | — | — |
| Depreciation in Cost of Revenues | — | — | — | — | — | — | — | — |
| Other Operating Expense/(Income) - Net | 37.6 | 31.8 | 28.2 | 24.7 | 34.0 | 24.2 | 18.1 | 20.1 |
| Gross Profit - Industrials/Property - Total | 861.1 | 743.5 | 614.5 | 447.7 | 505.6 | 608.0 | 704.7 | 362.5 |
| Operating Expenses - Total | 1,648.0 | 1,353.8 | 1,426.1 | 1,154.0 | 1,121.4 | 1,341.3 | 1,281.8 | 904.4 |
| Selling, General & Administrative Expenses - Other - Total | 57.7 | — | — | — | 51.0 | — | — | — |
| Operating Profit before Non-Recurring Income/(Expense) | 312.7 | 462.7 | 354.2 | 260.3 | 277.4 | 358.3 | 457.1 | 177.3 |
| Other Operating Expense | 37.6 | 31.8 | 28.2 | 24.7 | 34.0 | 24.2 | 18.1 | 20.1 |
| Provision for Doubtful Accounts & Write-off | 57.7 | — | — | — | 51.0 | — | — | — |
| Other Non-Operating Income/(Expense) - Total | 85.6 | 88.8 | 40.0 | 45.1 | 36.9 | 48.4 | 51.1 | 42.0 |
| Normalized Pre-tax Profit | 398.3 | 551.4 | 394.2 | 305.4 | 314.2 | 406.6 | 508.2 | 219.3 |
| Provision for Income Tax Expense- Unclassified | 186.0 | 225.7 | 135.1 | 117.0 | 91.2 | 74.9 | 133.5 | 64.1 |
| Income before Taxes | 398.3 | 551.4 | 394.2 | 305.4 | 314.2 | 406.6 | 508.2 | 219.3 |
| Income Taxes | 186.0 | 225.7 | 135.1 | 117.0 | 91.2 | 74.9 | 133.5 | 64.1 |
| Net Income after Tax | 212.3 | 325.8 | 259.2 | 188.4 | 223.0 | 331.7 | 374.7 | 155.2 |
| Income before Discontinued Operations & Extraordinary Items | 212.3 | 325.8 | 259.2 | 188.4 | 223.0 | 331.7 | 374.7 | 155.2 |
| Net Income before Minority Interest | 212.3 | 325.8 | 259.2 | 188.4 | 223.0 | 331.7 | 374.7 | 155.2 |
| Net Income after Minority Interest | 212.3 | 325.8 | 259.2 | 188.4 | 223.0 | 331.7 | 374.7 | 155.2 |
| Income Available to Common Shares | 212.3 | 325.8 | 259.2 | 188.4 | 223.0 | 331.7 | 374.7 | 155.2 |
| Earnings Adjustments to Net Income - Other Expense/(Income) | — | — | — | — | — | — | — | — |
| DPS - Common - Gross - Issue - By Period End Date Rs | 1.00 | 0.00 | 0.00 | 1.00 | 0.00 | 1.00 | 1.00 | 1.00 |
| Net Income - Basic - including Extraordinary Items Applicable to Common - Total | 212.3 | 325.8 | 259.2 | 188.4 | 223.0 | 331.7 | 374.7 | 155.2 |
| Income available to Common excluding Extraordinary Items | 212.3 | 325.8 | 259.2 | 188.4 | 223.0 | 331.7 | 374.7 | 155.2 |
| Shares used to calculate Basic EPS - Total mn | 150.2 | 150.1 | 149.8 | 149.5 | 150.2 | 150.1 | 149.9 | 149.2 |
| EPS - Basic - including Extraordinary Items Applicable to Common - Total Rs | 1.41 | 2.17 | 1.73 | 1.26 | 1.48 | 2.21 | 2.50 | 1.04 |
| EPS - Basic - excluding Extraordinary Items Applicable to Common - Total Rs | 1.41 | 2.17 | 1.73 | 1.26 | 1.48 | 2.21 | 2.50 | 1.04 |
| EPS - Basic - excluding Extraordinary Items - Normalized - Total Rs | 1.41 | 2.17 | 1.73 | 1.26 | 1.48 | 2.21 | 2.50 | 1.04 |
| Allocated Net Income including Extraordinary Items Applicable to Common - Issue Specific | 212.3 | 325.8 | 259.2 | 188.4 | 223.0 | 331.7 | 374.7 | 155.2 |
| Earnings Allocation Factor - Basic - Issue Specific | 1.00× | 1.00× | 1.00× | 1.00× | 1.00× | 1.00× | 1.00× | 1.00× |
| Shares used to calculate Basic EPS - Issue Specific mn | 150.2 | 150.1 | 149.8 | 149.5 | 150.2 | 150.1 | 149.9 | 149.2 |
| EPS - Basic - including Extraordinary Items Applicable to Common - Issue Specific Rs | 1.41 | 2.17 | 1.73 | 1.26 | 1.48 | 2.21 | 2.50 | 1.04 |
| EPS - Basic - excluding Extraordinary Items Applicable to Common - Issue Specific Rs | 1.41 | 2.17 | 1.73 | 1.26 | 1.48 | 2.21 | 2.50 | 1.04 |
| EPS - Basic - excluding Extraordinary Items - Normalized - Issue Specific Rs | 1.41 | 2.17 | 1.73 | 1.26 | 1.48 | 2.21 | 2.50 | 1.04 |
| EPS - Basic from Discontinued Operations & Extraordinary Items Rs | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Income - Diluted - including Extraordinary Items Applicable to Common - Total | 212.3 | 325.8 | 259.2 | 188.4 | 223.0 | 331.7 | 374.7 | 155.2 |
| Diluted Income available to Common excluding Extraordinary Items | 212.3 | 325.8 | 259.2 | 188.4 | 223.0 | 331.7 | 374.7 | 155.2 |
| Shares used to calculate Diluted EPS - Total mn | 150.2 | 150.1 | 149.8 | 149.5 | 150.2 | 150.1 | 149.9 | 149.2 |
| EPS - Diluted - including Extraordinary Items Applicable to Common - Total Rs | 1.41 | 2.17 | 1.73 | 1.26 | 1.48 | 2.21 | 2.50 | 1.04 |
| EPS - Diluted - excluding Extraordinary Items Applicable to Common - Total Rs | 1.41 | 2.17 | 1.73 | 1.26 | 1.48 | 2.21 | 2.50 | 1.04 |
| EPS - Diluted - excluding Extraordinary Items - Normalized - Total Rs | 1.41 | 2.17 | 1.73 | 1.26 | 1.48 | 2.21 | 2.50 | 1.04 |
| Allocated Diluted Net Income including Extraordinary Items Applicable to Common - Issue Specific | 212.3 | 325.8 | 259.2 | 188.4 | 223.0 | 331.7 | 374.7 | 155.2 |
| Earnings Allocation Factor - Diluted - Issue Specific | 1.00× | 1.00× | 1.00× | 1.00× | 1.00× | 1.00× | 1.00× | 1.00× |
| Shares used to calculate Diluted EPS - Issue Specific mn | 150.2 | 150.1 | 149.8 | 149.5 | 150.2 | 150.1 | 149.9 | 149.2 |
| EPS - Diluted - including Extraordinary Items Applicable to Common - Issue Specific Rs | 1.41 | 2.17 | 1.73 | 1.26 | 1.48 | 2.21 | 2.50 | 1.04 |
| EPS - Diluted - excluding Extraordinary Items Applicable to Common - Issue Specific Rs | 1.41 | 2.17 | 1.73 | 1.26 | 1.48 | 2.21 | 2.50 | 1.04 |
| EPS - Diluted - excluding Extraordinary Items - Normalized - Issue Specific Rs | 1.41 | 2.17 | 1.73 | 1.26 | 1.48 | 2.21 | 2.50 | 1.04 |
| EPS - Diluted from Discontinued Operations & Extraordinary Items Rs | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| DPS - Common - Gross - Issue - By Announcement Date Rs | 0.00 | 0.00 | 1.00 | 0.00 | 1.00 | 1.00 | 0.00 | 1.00 |
| DPS - Common - Net - Issue - By Announcement Date Rs | 0.00 | 0.00 | 0.90 | 0.00 | 0.90 | 0.90 | 0.00 | 0.90 |
| Earnings before Interest & Taxes (EBIT) | 312.7 | 462.7 | 354.2 | 260.3 | 277.4 | 358.3 | 457.1 | 177.3 |
| Earnings before Interest, Taxes, Depreciation & Amortization (EBITDA) | 376.2 | 518.9 | 418.4 | 307.0 | 329.5 | 410.7 | 508.3 | 229.1 |
| Depreciation & Amortization - Supplemental | — | 55.9 | 64.2 | 46.7 | 52.2 | 52.5 | 51.2 | 51.8 |
| Depreciation Expense - Total - Supplemental | — | 55.9 | 64.2 | 46.7 | 52.2 | 52.5 | 51.2 | 51.8 |
| Depreciation, Depletion & Amortization - Total | 63.5 | 56.2 | 64.2 | 46.7 | 52.2 | 52.5 | 51.2 | 51.8 |
| Depreciation - Total | 63.2 | 55.9 | 64.2 | 46.7 | 52.2 | 52.5 | 51.2 | 51.8 |
| Amortization of Intangible Assets excluding Goodwill - Total | 0.3 | 0.3 | — | — | — | — | — | — |
| Normalized after Tax Profit | 212.3 | 325.8 | 259.2 | 188.4 | 223.0 | 331.7 | 374.7 | 155.2 |
| Normalized Net Income from Continuing Operations | 212.3 | 325.8 | 259.2 | 188.4 | 223.0 | 331.7 | 374.7 | 155.2 |
| Normalized Net Income - Bottom Line | 212.3 | 325.8 | 259.2 | 188.4 | 223.0 | 331.7 | 374.7 | 155.2 |
| Earnings before Interest & Taxes (EBIT) - Normalized | 398.3 | 551.4 | 394.2 | 305.4 | 314.2 | 406.6 | 508.2 | 219.3 |
| Earnings before Interest, Taxes, Depreciation & Amortization (EBITDA) - Normalized | 461.8 | 607.6 | 458.4 | 352.1 | 366.4 | 459.1 | 559.4 | 271.1 |
| Operating Expenses | 1,648.0 | 1,353.8 | 1,426.1 | 1,154.0 | 1,121.4 | 1,341.3 | 1,281.8 | 904.4 |
| Selling, General & Administrative Expenses excluding Research & Development Expenses | 510.8 | 249.0 | 232.1 | 162.8 | 194.2 | 225.6 | 229.5 | 165.1 |
| Income before Taxes & Provision for Loan Losses | 398.3 | 551.4 | 394.2 | 305.4 | 314.2 | 406.6 | 508.2 | 219.3 |
| Cost of Revenue including Operation & Maintenance (Utility) - Total | 1,099.7 | 1,072.9 | 1,165.8 | 966.6 | 893.2 | 1,091.5 | 1,034.2 | 719.2 |
| Cost of Revenues excluding Depreciation | 1,099.7 | 1,072.9 | 1,165.8 | 966.6 | 893.2 | 1,091.5 | 1,034.2 | 719.2 |
| DPS - Common - Gross - Issue - By Payable Date Rs | 0.00 | 0.00 | 1.00 | 0.00 | 1.00 | 1.00 | 1.00 | 0.00 |
| DPS - Common - Gross - Issue - By Ex Date Rs | 0.00 | 0.00 | 1.00 | 0.00 | 1.00 | 1.00 | 1.00 | 0.00 |
| Tax Adjusted Operating Income | 212.3 | 325.8 | 259.2 | 188.4 | 223.0 | 331.7 | 374.7 | 155.2 |
| Operating Expenses excluding Non-Cash Charges - Total | 1,584.5 | 1,297.5 | 1,362.0 | 1,107.4 | 1,069.2 | 1,288.8 | 1,230.6 | 852.6 |
| Income Available to Common Shares before Depreciation & Amortization | 275.8 | 382.0 | 323.3 | 235.0 | 275.2 | 384.2 | 425.9 | 207.0 |
| Estimated Tax Rate | 0.29× | 0.29× | 0.29× | 0.29× | 0.29× | 0.29× | 0.29× | 0.29× |
| Total Common & Spl DPS -Gross - Issue - By Announcement Date Rs | 0.00 | 0.00 | 1.00 | 0.00 | 1.00 | 1.00 | 0.00 | 1.00 |
Every line the company reported, in the original order and wording, without regrouping or signs changed.