Fast Cables Posts 11% Growth in Nine-Month Profit as Revenue Climbs Above Rs26.3 Billion

Fast Cables reports higher earnings for nine months ended March 2026

Fast Cables Limited has announced its financial results for the nine-month period ended March 31, 2026, reporting solid growth in revenue and profitability compared with the corresponding period last year. The Board of Directors approved the unaudited financial statements at its meeting held on April 27, 2026. The company did not announce any cash dividend, bonus shares, right shares, or other corporate actions.

During the nine-month period, the company’s revenue increased to Rs26.31 billion, up from Rs24.20 billion recorded in the same period of 2025. Higher sales contributed to an improvement in gross profit, which rose to Rs4.76 billion from Rs4.16 billion a year earlier.

Operating performance also strengthened, with operating profit reaching Rs3.19 billion, compared with Rs2.85 billion in the corresponding period last year. Despite higher finance costs, the company posted a profit before taxation of Rs1.99 billion, reflecting continued resilience in its core operations.

After accounting for taxation, net profit for the period increased to Rs1.26 billion, compared with Rs1.13 billion in the same period of the previous year, representing a year-on-year growth of nearly 11%.

The improvement in earnings was reflected in shareholders’ returns, with earnings per share (EPS) rising to Rs1.95, compared with Rs1.76 in the corresponding nine-month period of 2025.

On the financial position side, total assets expanded to Rs38.77 billion as of March 31, 2026, compared with Rs35.01 billion at the end of June 2025. Shareholders’ equity also strengthened, reaching Rs15.47 billion, supported by retained earnings generated during the period.

The company ended the reporting period with cash and cash equivalents of Rs141.76 million. Meanwhile, short-term borrowings increased during the period, indicating continued financing to support working capital and business operations.

Fast Cables’ latest results highlight steady business growth driven by stronger sales and improved operating profitability. While finance costs remained elevated, the company’s higher earnings and improved EPS demonstrate its ability to sustain profitability amid a challenging economic environment.