Dewan Farooque Motors Posts Rs441.4mn Loss in Nine Months
KARACHI: Dewan Farooque Motors Limited (DFML) has posted a net loss of Rs441.4 million for the nine months ended March 31, 2026, compared with a loss of Rs328.1 million in the corresponding period of the previous fiscal year, according to the company’s unaudited financial results.
The company’s loss per share increased to Rs1.75 from Rs2.36 in the same period last year, reflecting a deterioration in its overall financial performance.
The company assembles the KIA Shehzore light commercial pickup, including Standard Cabin, King Cabin and other cabin configurations. It is aimed at businesses, goods transporters and small commercial operators. The DFML is also a BMW dealer in Pakistan.
DFML’s net sales declined to Rs726.4 million during the nine-month period, down from Rs763.1 million a year earlier. The cost of sales stood at Rs979.2 million, resulting in a gross loss of Rs252.8 million, compared with a gross loss of Rs179.5 million in same period last year.
The company’s operating loss widened to Rs363.2 million from Rs274.3 million, as marketing and distribution expenses amounted to Rs56.4 million, while administration and general expenses reached Rs54 million.
Other losses increased to Rs67.9 million from Rs43.6 million, while finance costs rose to Rs1.27 million from Rs396,000. After accounting for levies of Rs9.08 million, the company’s loss before income tax stood at Rs441.4 million.
For the third quarter ended March 31, 2026, DFML recorded net sales of Rs326.9 million, compared with Rs363.5 million in the same quarter of the previous year.
The company posted a gross loss of Rs129.5 million for the quarter, against Rs56.2 million a year earlier. Its operating loss also widened to Rs175.8 million from Rs86.9 million.
The quarterly loss before income tax increased to Rs209.2 million from Rs95.7 million in the corresponding period last year. The net loss for the quarter stood at Rs209 million, compared with Rs95.7 million a year earlier.
However, the company reported a quarterly loss per share of Rs0.07, compared with Rs0.69 in the same period last year, according to the financial statement.
The results indicate continued pressure on the company’s sales and operating performance, with losses widening on both a nine-month and quarterly basis.
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