KARACHI: Pakistan Synthetics Limited (PSL) has reported a strong improvement in profitability for the nine months ended March 31, 2026, despite a decline in revenue, reflecting effective cost management and improved operational efficiency. The company’s board approved the unaudited financial results in its meeting held on April 28, 2026.
According to the financial statement, PSL posted a profit after tax of Rs395.46 million during the first nine months of FY2026, marking a 34.7% increase compared to Rs293.59 million earned in the corresponding period last year.
The company’s earnings per share (EPS) improved to Rs2.85, up from Rs2.12 recorded in the same period of FY2025, reflecting stronger returns for shareholders.
Despite the earnings growth, net sales declined to Rs10.65 billion from Rs12.22 billion a year earlier. However, Pakistan Synthetics managed to maintain its gross profit at Rs1.53 billion, almost unchanged from the previous year’s level, indicating better control over production costs and improved gross margins.
Operating profit stood at Rs1.15 billion, slightly lower than Rs1.20 billion in the corresponding period last year. Meanwhile, finance costs increased to Rs454.86 million, compared with Rs541.03 million in the previous period, while taxation amounted to Rs264.29 million. Even with these factors, the company delivered a notable rise in bottom-line earnings.
For the third quarter alone, Pakistan Synthetics reported a profit after tax of Rs176.66 million, compared with Rs124.80 million in the same quarter of FY2025. Quarterly EPS improved to Rs1.27, up from Rs0.90 a year earlier.
On the balance sheet, the company’s total assets increased to Rs13.62 billion as of March 31, 2026, from Rs11.20 billion at the end of June 2025, while total equity also strengthened to Rs5.02 billion, reflecting improved financial stability.
The Board of Directors did not recommend any cash dividend, bonus shares, or right shares for the nine-month period ended March 31, 2026.
The latest results highlight Pakistan Synthetics’ ability to enhance profitability despite a challenging revenue environment, supported by disciplined cost control and resilient operational performance.
