In recent financial disclosures, Millat Tractors Limited (MTL) reported a significant 20% year-on-year decline in profit after tax (PAT) for the first half of FY26, amounting to Rs. 2.92 billion. The company's second quarter results showed a PAT of Rs. 2.4 billion, translating to an earnings per share (EPS) of Rs. 12.06, which reflects a 21% decrease compared to the same period last year, although it marked a substantial increase of 4.7 times quarter-on-quarter. Despite the drop in profits, MTL managed to increase net sales by 7% year-on-year and 2.8 times quarter-on-quarter, indicating a complex financial landscape for the company. As reported by TechJuice, "The decline in profits is concerning, especially given the backdrop of rising operational costs and market competition."