Data Agro Limited reported an improved financial performance for the third quarter of FY2026, significantly reducing its quarterly losses despite continued pressure from financing costs. The company’s latest unaudited financial results for the nine months ended March 31, 2026, reflect stronger operational efficiency and higher revenue growth, although it remained in the red on a cumulative basis.
During the third quarter, the company posted net revenue of Rs. 82.32 million, up from Rs. 75.20 million recorded in the same period last year. Improved sales and better cost management helped Data Agro achieve a gross profit of Rs. 11.17 million, compared with a gross loss of Rs. 10.51 million in the corresponding quarter of FY2025.
The company’s operating performance also improved considerably. Data Agro reported an operating profit of Rs. 2.41 million during the quarter, reversing an operating loss of Rs. 20.71 million posted a year earlier. Administrative expenses declined while distribution costs remained largely stable, contributing to the turnaround in core operations.
However, elevated finance costs continued to weigh heavily on profitability. The company incurred finance costs of Rs. 11.18 million during the quarter, resulting in a net loss of Rs. 8.61 million, a notable improvement from the Rs. 26.51 million loss reported in the same quarter last year. Loss per share also improved to Rs. 2.15, compared with Rs. 6.63 a year earlier.
For the nine-month period ended March 31, 2026, Data Agro generated revenue of Rs. 283.09 million, an increase from Rs. 261.66 million in the corresponding period of FY2025. Gross profit rose to Rs. 31.10 million, reflecting improved production efficiency and cost control. Despite this progress, the company reported a net loss of Rs. 24.43 million, significantly lower than the Rs. 49.14 million loss recorded during the same period last year.
On the financial position front, total assets increased to Rs. 622.62 million as of March 31, 2026, compared with Rs. 604.69 million at the end of June 2025. Trade receivables and working capital requirements expanded, while short-term borrowings rose to Rs. 287.81 million, highlighting the company’s continued reliance on external financing.
Overall, Data Agro’s latest results indicate meaningful operational improvement, with stronger revenue growth and a substantial reduction in losses. While higher borrowing costs remain a challenge, the company’s improved gross margins and operating profitability suggest that its efforts to strengthen business performance are beginning to deliver positive results.
