KARACHI: Chashma Sugar Mills Limited has reported a turnaround in its financial performance for the nine months ended June 30, 2026, posting a net profit of Rs139.95 million compared to a net loss of Rs1.48 billion in the corresponding period last year, according to the company’s latest financial results.
The improved performance was primarily driven by a significant increase in sales and stronger operating profitability during the nine-month period. Net sales surged to Rs25.05 billion, up from Rs15.44 billion a year earlier, reflecting robust growth in the company’s core business. Gross profit also rose sharply to Rs4.75 billion, compared with Rs1.40 billion in the same period of the previous year.
Operating profit climbed to Rs2.73 billion, a substantial improvement from Rs253.15 million recorded in the corresponding period last year. Although finance costs remained high at Rs2.34 billion, they were lower than the Rs2.66 billion reported a year earlier, helping the company return to profitability.
On a per-share basis, earnings stood at Rs4.88, compared with a loss per share of Rs51.65 during the same nine-month period last year.
For the quarter ended June 30, 2026, however, Chashma Sugar Mills remained in the red, posting a net loss of Rs170.70 million, an improvement from the quarterly loss of Rs239.56 million recorded in the corresponding quarter of 2025. Quarterly net sales increased to Rs8.27 billion from Rs5.48 billion, while gross profit improved to Rs1.46 billion from Rs1.06 billion. Despite stronger operational performance, elevated finance costs and tax-related charges weighed on the bottom line during the quarter.
The company’s balance sheet showed total assets of Rs49.79 billion as of June 30, 2026, compared with Rs33.92 billion at the end of September 2025. Shareholders’ equity also improved to Rs10.35 billion, supported by the profit earned during the reporting period.
The financial results were approved by the Board of Directors at its meeting held on July 29, 2026, and the company stated that its nine-month financial statements would be submitted electronically through the Pakistan Unified Corporate Action Reporting System (PUCARS).
