Stylers International Posts Rs768 Million Nine-Month Profit, Declares 5% Interim Cash Dividend

KARACHI: Stylers International Limited has announced its financial results for the nine months ended March 31, 2026, reporting a profit after tax of Rs768.18 million, while also declaring a second interim cash dividend of Rs0.50 per share (5%) for shareholders. This is in addition to the interim dividend of Rs0.25 per share (2.5%) already paid earlier in the financial year.

According to the company’s notification to the Pakistan Stock Exchange (PSX), the Board of Directors approved the unaudited condensed interim financial statements at its meeting held on April 29, 2026. The company did not announce any bonus shares or right shares.

For the nine-month period, Stylers International posted net sales of Rs13.72 billion, compared with Rs15.88 billion in the corresponding period last year. Gross profit stood at Rs2.42 billion, while operating profit reached Rs1.57 billion. Profit before tax came in at Rs1.28 billion, reflecting a decline from Rs1.50 billion recorded during the same period last year. Profit after tax also fell from Rs930.20 million to Rs768.18 million, with earnings per share (EPS) decreasing to Rs1.57 from Rs1.91 a year earlier.

For the third quarter alone, the company earned Rs219.20 million, compared with Rs420.51 million in the corresponding quarter of the previous year. Quarterly EPS declined to Rs0.45 from Rs0.86, reflecting softer profitability amid lower sales and higher financing costs.

Despite the earnings decline, Stylers maintained a healthy financial position. As of March 31, 2026, the company reported total assets of Rs19.61 billion and shareholders’ equity of Rs13.83 billion, while cash and bank balances improved to Rs1.94 billion from Rs1.43 billion at the beginning of the financial year.

The company generated Rs1.61 billion in net cash from operating activities during the nine-month period, demonstrating continued strength in its core business operations despite challenging market conditions.

Stylers International also announced that its share transfer books will remain closed from May 7 to May 8, 2026, for the purpose of determining entitlement to the interim dividend. Additionally, an Extraordinary General Meeting (EOGM) has been scheduled for May 20, 2026, at the company’s registered office in Lahore, with shareholders also encouraged to participate via video conferencing.