Tri-Star Power Limited has reported a return to profitability for the nine months ended March 31, 2026, marking a significant turnaround from the losses recorded in the corresponding period last year. The company’s latest financial results highlight the positive impact of its strategic move into solar energy generation, which has started contributing to revenue growth.
According to the company’s unaudited financial statements, Tri-Star Power posted a net profit of Rs. 0.55 million during the nine-month period, compared to a net loss of Rs. 5.33 million in the same period of the previous year. Earnings per share (EPS) improved to Rs. 0.04, reversing the loss per share of Rs. 0.36 reported a year earlier.
The company generated revenue of Rs. 9.9 million during the period, compared to no revenue in the corresponding period last year. Management attributed this development to its ongoing efforts in the renewable energy sector, noting that solar panels have been installed and the company has started providing solar energy services.
Gross profit stood at Rs. 9.48 million, a substantial improvement from the gross loss recorded in the same period last year. Meanwhile, administrative and general expenses declined slightly to Rs. 10.21 million, reflecting continued cost management efforts. The company also recorded other income of Rs. 1.5 million during the period.
On the balance sheet front, Tri-Star Power’s shareholders’ equity increased to Rs. 177.90 million as of March 31, 2026, compared to Rs. 173.68 million at the end of June 2025. The improvement was supported by both net profitability and gains on investments recognized through other comprehensive income.
The company reported total comprehensive income of Rs. 4.22 million, compared to a comprehensive loss of Rs. 8.59 million in the corresponding period last year. Unrealized gains on investments contributed positively to the overall result, further strengthening the company’s financial position.
Despite the encouraging performance, management noted that its traditional power plant rental business remains affected by the suspension of gas supply by SSGC since January 2023. The company continues to explore alternative operational measures and expects the situation to improve in the future. In the meantime, its diversification into solar energy appears to be providing a new avenue for growth and revenue generation.
Looking ahead, Tri-Star Power’s focus on renewable energy solutions and its improving financial performance could position the company for further recovery, particularly if its conventional power generation operations resume alongside the expansion of its solar business.
