Shabbir Tiles and Ceramics Limited has reported an increase in sales for the quarter ended September 30, 2026, while its net loss widened compared with the corresponding period last year, according to the company’s latest unaudited financial results submitted to the Pakistan Stock Exchange.
The company’s net turnover increased to Rs3.697 billion during the quarter, compared with Rs3.191 billion in the same period of the previous year, reflecting year-on-year growth of approximately 15.9%.
Gross profit also improved, reaching Rs559.9 million against Rs504 million in the corresponding quarter last year. However, higher operating expenses and a substantial increase in finance costs continued to weigh on the company’s overall financial performance.
Selling and distribution expenses rose to Rs662.1 million from Rs559.5 million, while administrative expenses increased to Rs190.2 million from Rs162 million. Consequently, the company recorded an operating loss of Rs256.7 million, compared with an operating loss of Rs202.9 million in the same quarter last year.
Finance costs increased sharply to Rs130.7 million from Rs48.4 million, adding further pressure to the bottom line. As a result, the company’s loss before taxation reached Rs387.4 million, compared with Rs260.8 million in the corresponding period of 2025.
After taxation, Shabbir Tiles and Ceramics posted a net loss of Rs386.9 million for the quarter, significantly higher than the Rs192 million loss reported a year earlier. Loss per share also increased to Rs1.62 from Rs0.80.
The company’s balance sheet showed total assets of approximately Rs9.59 billion as of September 30, 2026, compared with Rs9.46 billion at June 30, 2026. Cash and bank balances stood at Rs310.5 million, up from Rs257.3 million at the end of the previous financial year.
Despite the improvement in revenue and gross profit, the latest results highlight the financial challenges facing the company. Rising operating expenses and higher financing costs remain important factors affecting profitability.
The company’s ability to manage expenses, improve operational efficiency and control financing costs will be important in determining its financial performance in the coming quarters.
The board of directors, in its meeting held on October 30, 2026, did not recommend any cash dividend, bonus shares or right shares for the quarter ended September 30, 2026.
