Al-Noor Sugar Mills Limited has announced its financial results for the half year ended March 31, 2026, showing a notable recovery in profitability compared with the same period last year.
The company posted sales of approximately Rs 6.59 billion during the six-month period, compared with Rs 7.47 billion in the corresponding period of 2025. Despite lower revenue, operational efficiency improved significantly, helping the company record a profit after tax of Rs 151.1 million, reversing a loss of Rs 25.7 million in the same period last year. Earnings per share also improved to Rs 7.38, compared with a loss per share of Rs 1.25 previously.
For the quarter ended March 31, 2026, the company earned Rs 49.15 million, up from Rs 16.02 million in the same quarter of 2025. This reflects stronger margins, disciplined cost management, and improved contribution from associated operations. The company also reported share of profit from associates amounting to Rs 48.95 million during the half year.
On the balance sheet side, total assets increased substantially to Rs 25.36 billion as of March 31, 2026, compared with Rs 16.31 billion at the close of September 2025. Current assets rose sharply, mainly due to higher stock in trade and increased cash balances. However, current liabilities also expanded, particularly short-term borrowings, which reached Rs 9.79 billion.
The Board of Directors, in its meeting held on May 20, 2026, did not recommend any cash dividend, bonus shares, or rights issue for the period. The company stated that the full quarterly report would be transmitted separately through PUCARS within the prescribed time.
The results indicate that Al-Noor Sugar Mills has managed to improve profitability despite lower top-line sales, signaling stronger operational resilience amid challenging market conditions in Pakistan’s sugar sector. Investors may view the turnaround positively, particularly the recovery from loss to profit and the improved earnings per share.
