Bolan Castings Reports Strong Turnaround in FY2026, Posts Rs69.9 Million Profit

Bolan Castings Limited has reported a significant improvement in its financial performance for the year ended June 30, 2026, turning last year’s loss into a substantial profit of Rs69.94 million.

According to the company’s financial statements, revenue from contracts with customers stood at Rs1.694 billion during FY2026, compared with Rs1.713 billion in the previous year. Despite the slight decline in revenue, the company achieved a notable improvement in profitability.

Gross Profit Rises Sharply

Bolan Castings’ cost of sales declined to Rs1.433 billion from Rs1.556 billion a year earlier. As a result, gross profit increased substantially to Rs260.65 million, compared with Rs156.75 million in FY2025.

The improvement at the gross-profit level indicates that the company generated stronger margins despite the modest reduction in revenue.

Operating profit also increased significantly, reaching Rs109.90 million compared with Rs34.32 million in the previous year. The company’s finance cost fell to Rs13.37 million from Rs34.87 million, further supporting its bottom-line recovery.

Company Moves Back Into the Black

Bolan Castings reported profit before tax of Rs96.53 million for FY2026, compared with a loss before tax of Rs554,941 in FY2025.

After accounting for income tax expense of Rs26.58 million, the company recorded a net profit of Rs69.94 million, against a net loss of Rs19.15 million in the previous financial year.

Earnings per share also improved considerably, moving from a loss of Rs1.67 per share in FY2025 to Rs6.10 per share in FY2026.

Comprehensive Income Strengthens

The company also reported other comprehensive income of Rs6.46 million during FY2026. This brought total comprehensive income for the year to Rs76.41 million, compared with a total comprehensive loss of Rs14.19 million in FY2025.

The statement of changes in equity shows that total equity increased from Rs321.36 million at June 30, 2025, to Rs397.77 million at June 30, 2026.

Cash Position Improves

Bolan Castings also ended FY2026 with a considerably stronger cash position. Net cash generated from operating activities amounted to Rs95.64 million, compared with Rs55.12 million a year earlier.

Investing activities generated net cash of Rs60.26 million, while financing activities used Rs84.87 million during the year.

After these movements, cash and cash equivalents increased from Rs29.52 million at the beginning of FY2026 to Rs100.54 million at year-end.

Assets and Equity

The company’s total assets stood at Rs781.67 million as of June 30, 2026, compared with Rs796.78 million a year earlier.

Current assets amounted to approximately Rs650.13 million, while non-current assets stood at Rs131.54 million. Total liabilities declined to Rs383.90 million from Rs475.42 million, while total equity increased to Rs397.77 million.

Outlook

Bolan Castings’ FY2026 results reflect a marked turnaround in profitability. While revenue was slightly lower than the previous year, reductions in the cost of sales and finance costs contributed to a substantial improvement in gross profit, operating profit and net earnings.

The company’s stronger operating cash generation and higher year-end cash balance also represent notable changes in its financial position.

Overall, the financial statements for FY2026 show Bolan Castings moving from a Rs19.15 million net loss in FY2025 to a Rs69.94 million net profit, marking a significant improvement in its reported financial performance.