KARACHI: Dandot Cement Company Limited has reported an improved financial performance for the nine months ended March 31, 2026, significantly reducing its net loss compared to the same period last year, driven by higher sales and stronger operating profitability.

According to the company’s unaudited financial results, net sales increased to Rs5.21 billion during the first nine months of FY2026, up from Rs4.49 billion in the corresponding period of the previous year, reflecting a healthy rise in demand and revenue generation. Gross profit climbed to Rs513.14 million, compared with Rs376.31 million a year earlier, as the company maintained better operational efficiency despite rising production costs.

The company’s operating profit also improved substantially, reaching Rs465.06 million, compared to Rs327.42 million in the same period last year. However, elevated finance costs of Rs496.46 million continued to weigh on overall profitability, resulting in a loss before taxation of Rs94.11 million.

Following a deferred tax adjustment, Dandot Cement posted a net loss after tax of Rs70.49 million, a notable improvement from the Rs99.31 million loss recorded during the corresponding period of FY2025. Consequently, the company’s loss per share narrowed to Rs0.22, compared with Rs0.31 per share in the previous year.

On a quarterly basis, the company returned to profitability, reporting a net profit of Rs0.89 million for the quarter ended March 31, 2026, compared with a loss of Rs5.63 million in the same quarter last year. Quarterly operating profit also strengthened to Rs202.49 million, supported by higher sales and improved gross margins.

The balance sheet shows total assets increased to Rs14.60 billion as of March 31, 2026, from Rs14.12 billion at the end of June 2025, mainly due to higher inventories and current assets. Meanwhile, cash and bank balances declined to Rs20.88 million from Rs170.60 million, reflecting operating and financing cash outflows during the period.

The Board of Directors did not recommend any cash dividend, bonus shares, right shares, or any other corporate action for the period ended March 31, 2026. The company stated that its quarterly report will be transmitted separately through PUCARS within the prescribed timeline.