Sitara Energy Returns to Profit with Rs63.2 Million Earnings in Nine Months of FY2026
KARACHI: Sitara Energy Limited has announced a strong turnaround in its financial performance for the nine months ended March 31, 2026, reporting a net profit of Rs63.19 million compared to a loss of Rs121.69 million recorded during the same period last year. The financial results were approved by the company’s Board of Directors at its meeting held on April 29, 2026.
The company posted net sales of Rs19.23 million, while the cost of generation stood at Rs35.12 million, resulting in a gross loss of Rs15.89 million. However, a significant increase in other income to Rs183.16 million helped offset operational losses and supported the company’s return to profitability.
Operating expenses declined to Rs47.15 million, compared with Rs71.33 million in the corresponding period last year, reflecting improved cost management. Finance costs also fell sharply to Rs37.51 million from Rs60.11 million, further strengthening the bottom line.
As a result, Sitara Energy reported a profit before taxation of Rs82.33 million, compared with a pre-tax loss of Rs119.89 million a year earlier. After accounting for taxation of Rs19.14 million, the company earned a net profit of Rs63.19 million, translating into earnings per share (EPS) of Rs3.31, versus a loss per share of Rs6.37 in the same period of FY2025.
For the third quarter alone, the company posted a net loss of Rs35.31 million (EPS: Rs1.85 loss per share), compared with a loss of Rs32.44 million in the corresponding quarter last year, indicating that profitability for the nine-month period was largely supported by earlier quarters and non-operating income.
The Board of Directors did not recommend any interim cash dividend, bonus shares, right shares, or any other corporate action for the period under review.
The latest results highlight a notable financial recovery for Sitara Energy, driven by higher non-core income, lower operating expenses, and reduced finance costs, despite continued pressure on revenue from its core power generation business.
