Diamond Industries Limited has reported a strong financial turnaround for the quarter ended March 31, 2026, posting a profit after a significant loss in the corresponding period last year. Alongside its improved financial performance, the company’s Board of Directors has announced an interim cash dividend of Re.1 per share (10%) for shareholders.
According to the company’s financial results, net sales surged to Rs.361.09 million, compared with Rs.15.98 million in the same period last year. The sharp increase in revenue enabled Diamond Industries to record a gross profit of Rs.38.90 million, reversing a gross loss of Rs.151.02 million reported a year earlier.
The company’s operational performance also improved significantly. Operating profit reached Rs.37.42 million, supported by other operating income of Rs.21.70 million. After accounting for taxation, profit after tax stood at Rs.27.45 million, compared with a loss of Rs.151.35 million during the corresponding period of the previous year. Earnings per share (EPS) improved to Rs.3.05, compared with a loss per share of Rs.16.82 last year.
For the latest quarter alone, Diamond Industries reported a net profit of Rs.29.70 million, translating into earnings per share of Rs.3.30, highlighting continued improvement in business performance.
The company’s financial position also strengthened considerably. Shareholders’ equity increased to Rs.405.16 million as of March 31, 2026, up from Rs.202.18 million at the end of June 2025. Total assets expanded to Rs.801.51 million, reflecting higher investments, inventory, and cash balances.
The Board of Directors has approved an interim cash dividend of Re.1 per ordinary share (10%), while no bonus shares, right shares, or any other corporate actions were announced. The company’s share transfer books will remain closed from May 5 to May 7, 2026, with shareholders on the register as of May 4, 2026, eligible to receive the dividend.
The latest results indicate a notable recovery for Diamond Industries, driven by a substantial increase in sales and improved profitability. The return to earnings and the declaration of a cash dividend reflect management’s confidence in the company’s financial position and operational momentum.
