Diamond Industries Limited has posted a strong turnaround in its financial performance for the quarter ended March 31, 2026, returning to profitability after facing significant challenges over the past year. The company’s latest quarterly report highlights improved operational efficiency, the resumption of production, and renewed focus on expanding its business.
During the third quarter of FY2026, Diamond Industries reported net sales of Rs. 361.09 million, compared with no sales in the corresponding period last year, reflecting the successful restart of commercial operations. The company recorded a gross profit of Rs. 38.90 million, marking a notable recovery from previous losses.
The company posted a profit after tax of Rs. 27.45 million, translating into earnings per share (EPS) of Rs. 3.05, compared with a loss after tax of Rs. 152.55 million and a loss per share of Rs. 16.82 in the same quarter last year. The improvement underscores the positive impact of resumed manufacturing activities and better cost management.
According to the directors’ report, Diamond Industries had remained suspended since January 10, 2023, due to unprecedented import restrictions imposed by the State Bank of Pakistan (SBP) and difficult economic conditions. During the reporting period, the company actively pursued multiple options to restart operations. These efforts culminated in the successful resumption of manufacturing in November 2025, following regulatory approvals and the communication of the development to the Pakistan Stock Exchange.
The management noted that, after accounting for administrative, selling, distribution, and finance costs, the company generated a profit before tax of Rs. 37.42 million. While certain legal proceedings involving customs authorities, the Federal Board of Revenue (FBR), and the State Bank of Pakistan remain unresolved, the company stated that these matters are progressing through the appropriate legal channels with no significant change in their status during the quarter.
Looking ahead, Diamond Industries expressed confidence in sustaining its recovery. The company plans to strengthen its market presence, improve shareholder value, and capitalize on the resumed production capacity. Management believes that continued operational stability and strategic initiatives will support long-term growth and profitability.
