Karachi: Shakarganj Limited (PSX: SML) has reported a strong financial turnaround for the nine months ended June 30, 2026, posting a net profit after tax of Rs379.9 million, compared with a loss of Rs954.8 million recorded during the corresponding period last year. The company disclosed its unaudited financial results following a meeting of its Board of Directors held on July 29, 2026.
The impressive recovery was driven by a significant improvement in the company’s operating performance. Shakarganj recorded gross profit of Rs1.07 billion, a sharp turnaround from a gross loss of Rs157.6 million in the same period last year. Revenue also increased to Rs11.07 billion from Rs8.75 billion, reflecting stronger business activity during the period.
The company reported an operating profit of Rs242.3 million, compared with an operating loss of Rs192.5 million a year earlier. Although finance costs remained substantial at approximately Rs954.8 million, the improvement in core operations enabled the company to return to profitability.
For the third quarter ended June 30, 2026, Shakarganj posted a net profit of Rs225.2 million, reversing a loss of Rs338.7 million recorded in the corresponding quarter of the previous year. Quarterly revenue also rose to Rs3.54 billion from Rs2.84 billion, while gross profit reached Rs322.9 million compared with a gross loss in the same quarter last year.
On the corporate side, the Board of Directors did not recommend any cash dividend, bonus shares, right shares, or any other corporate action for the period under review. The company also confirmed that there was no other price-sensitive information to disclose alongside the financial results.
The latest results highlight Shakarganj Limited’s successful turnaround during FY2026, supported by improved revenues and a return to positive operating performance. Investors will be watching closely to see whether the company can sustain this momentum through the remainder of the financial year.
