Hi-Tech Lubricants Limited
By PSX Investors Zone · Updated October 24, 2026
Hi-Tech Lubricants Limited (PSX: HTL) is a Pakistan Stock Exchange-listed company engaged in the procurement, blending, marketing and distribution of lubricants and petroleum products. Its business has expanded beyond lubricants into petroleum retail and automotive services, including HTL Fuel Stations and HTL Express Centers. In FY2026, the company reported sales of Rs36.973 billion, profit after tax of Rs413.222 million and EPS of Rs2.97, compared with a net loss of Rs318.781 million in FY2025. HTL was classified as Shariah-compliant in the PSX-KMI All Share Islamic Index recomposition published in May 2026, based on December 2025 financial data. However, the official PSX company page currently displays a Risk Warning Alert regarding potential suspension of trading or delisting. Investors should review the exchange notice, the company's latest disclosures, its financial performance and the latest Shariah screening before making investment decisions.
Hi-Tech Lubricants Limited (PSX: HTL) is a Pakistan Stock Exchange-listed company engaged in the procurement, blending, marketing and distribution of lubricants and petroleum products. Its business has expanded into petroleum retail and automotive services, giving it exposure to several parts of Pakistan's lubricants and fuel-distribution markets.
The company began operations in March 1997 as an Association of Persons and was incorporated as a public limited company in September 2008, according to PACRA. Its headquarters are located at 1-A, Danepur Road, GOR-I, Lahore, Pakistan.
Important PSX Risk Warning
The official PSX company page displays the following Risk Warning Alert:
The Company is in continuous violation as specified in Clauses 5.11.1. or 5.11.2. and carry risk of suspension of trading or being delisted from the Exchange and may be subject to such terms and conditions as specified by the Exchange.
This is a material exchange warning and should not be omitted from this profile. It indicates a risk of trading suspension or delisting, but the displayed wording alone does not establish that suspension or delisting has already occurred.
Investors should review the company's latest PSX announcements and applicable exchange requirements to understand the nature of the violation, any remedial action, and whether the warning has subsequently been updated or withdrawn.
Official reference: PSX — Hi-Tech Lubricants Limited.
Business Overview
Hi-Tech Lubricants operates across lubricant procurement, blending, marketing and distribution, alongside petroleum products and fuel-retail activities. PACRA's June 2026 rating report describes a business with an established lubricant-market presence and a distribution network that includes HTL Fuel Stations and HTL Express Centers.
The company's performance can be influenced by lubricant and petroleum-product demand, procurement costs, currency movements, inventory requirements, fuel-retail margins, competition and working-capital management. Its expansion plans and distribution infrastructure may also affect capital expenditure and financing requirements.
In August 2026, the company disclosed the acquisition of land for an oil-storage depot and expansion of its retail network in Sindh. Investors should consult the original announcement for the project's precise scope, expenditure commitments and implementation timeline.
Official references: Company announcements and PACRA rating report.
Financial Performance
For the year ended June 30, 2026, Hi-Tech Lubricants reported a return to annual profitability after a loss in FY2025.
| Financial Metric | FY2026 | FY2025 |
|---|---|---|
| Sales | Rs36.973 billion | Rs33.043 billion |
| Profit after tax | Rs413.222 million | -Rs318.781 million |
| Earnings per share | Rs2.97 | -Rs2.29 |
| Gross profit margin | 8.40% | 6.17% |
| Net profit margin | 1.12% | -0.96% |
Sales increased by approximately 11.9% year over year. The company moved from a net loss to a net profit, while its reported gross profit margin improved.
The improvement is relevant, but the net profit margin remained relatively narrow at 1.12%. Investors should assess whether profitability is supported by recurring operating performance and cash generation, rather than relying solely on the return to positive earnings.
The latest annual report and audited financial statements should be used to examine operating costs, finance costs, cash flow, borrowings, working capital and the sustainability of the recovery.
Official source: PSX company profile and financials.
Quarterly Performance
The PSX financial table lists the following figures for the quarters labelled Q3 2026 and Q3 2025:
| Financial Metric | Q3 2026 | Q3 2025 |
|---|---|---|
| Sales | Rs8.783 billion | Rs7.909 billion |
| Profit after tax | Rs228.255 million | -Rs117.050 million |
| Earnings per share | Rs1.64 | -Rs0.84 |
Sales increased by approximately 11.1% year over year, and the company moved from a quarterly loss to a profit. The results indicate improved reported performance compared with the corresponding quarter.
Quarterly figures should not be treated as a substitute for the full-year accounts. Investors should review the original interim report to understand the drivers of the improvement and whether the performance continued in subsequent periods.
Shariah Compliance Status
Hi-Tech Lubricants Limited was classified as Shariah-compliant in the PSX-KMI All Share Islamic Index recomposition published on May 15, 2026. The screening was based on financial data as of December 31, 2025.
The published screening ratios were:
- Debt ratio: 23.19%
- Non-compliant investment ratio: 1.51%
- Non-compliant income ratio: 0.01%
- Illiquid assets ratio: 73.79%
These ratios relate to the stated screening date and methodology. They should not be represented as freshly calculated FY2026 ratios or as proof that the company will remain compliant in future screenings.
Investors seeking Shariah-compliant investments should check the latest official PSX-KMI All Share Islamic Index screening and any subsequent company-specific Shariah disclosures before making a decision.
Official reference: PSX-KMI recomposition notice, May 2026.
Credit Rating
PACRA assigned Hi-Tech Lubricants Limited an initial long-term entity rating of A and short-term rating of A2, with a Stable outlook, on June 24, 2026.
These ratings are credit assessments, not recommendations to buy or sell the company's shares. PACRA notes that maintaining market share and profitability, managing working capital and sustaining financial discipline remain relevant to the company's credit profile.
Official reference: PACRA rating report.
Key Factors Investors Should Monitor
- Profitability: Whether the FY2026 recovery continues and margins remain sustainable.
- Sales and demand: Growth in lubricant distribution, petroleum products and retail operations.
- Working capital: Inventory levels, receivables, supplier payments and cash conversion.
- Financing: Borrowings, finance costs and funding requirements for expansion.
- Expansion plans: Progress, cost and execution of the announced storage-depot and retail-network development.
- Regulatory and exchange status: The exact reason for the PSX Risk Warning Alert, remedial steps and any later exchange notice.
- Shariah screening: The latest official classification and screening ratios.
Frequently Asked Questions
What is Hi-Tech Lubricants Limited's PSX symbol?
Its Pakistan Stock Exchange symbol is HTL.
What does Hi-Tech Lubricants do?
The company procures, blends, markets and distributes lubricants and petroleum products. It also operates fuel stations and automotive-service centres.
Was HTL profitable in FY2026?
Yes. It reported profit after tax of Rs413.222 million and EPS of Rs2.97 for FY2026, following a loss in FY2025.
Is HTL Shariah-compliant?
HTL was classified as compliant in the PSX-KMI All Share Islamic Index recomposition published in May 2026, based on December 2025 financial data. Investors should confirm the latest screening before relying on this status.
What does the PSX Risk Warning Alert mean?
The current PSX company page warns of potential trading suspension or delisting due to continuing violations under the specified PSX clauses. The exact underlying violation and its current resolution status should be checked in official exchange announcements.
Does the Risk Warning mean HTL has already been delisted?
No such conclusion should be drawn from the warning wording alone. Check the latest official PSX notices for any subsequent regulatory action or status change.
Official Sources
- Pakistan Stock Exchange — HTL company profile, financials and announcements
- Hi-Tech Lubricants — Official website
- Company notices and announcements
- PSX-KMI All Share Islamic Index recomposition, May 2026
- PACRA — June 2026 rating report
This profile reflects the cited reporting periods and screening date. Before publication, recheck the latest PSX risk-warning status, subsequent regulatory announcements, annual-report details and current Shariah classification.
This profile is for educational purposes and is not a recommendation to buy or sell any security.