Sitara Petroleum Service Limited (PSL) has announced its financial results for the nine months and third quarter ended March 31, 2026, reflecting strong growth in profitability and a significant expansion in its asset base.<\/p>\n
According to the company’s approved condensed interim financial statements, net sales for the nine-month period reached Rs106.42 billion, representing an increase of approximately 24% compared to Rs85.82 billion recorded during the corresponding period last year.<\/p>\n
The company reported a gross profit of Rs6.67 billion, up from Rs3.93 billion in the same period of FY2025. Profit after tax surged to Rs4.41 billion, nearly doubling from Rs2.32 billion achieved a year earlier. Earnings per share (EPS) also improved significantly to Rs3.15 compared with Rs1.66 in the corresponding period last year.<\/p>\n
For the quarter ended March 31, 2026, Sitara Petroleum posted sales of Rs33.81 billion and earned a net profit of Rs1.69 billion, translating into quarterly earnings per share of Rs1.21, compared with Rs0.81 during the same quarter last year.<\/p>\n
The company’s financial position strengthened considerably during the period. Total assets increased to Rs25.45 billion from Rs19.83 billion as of June 30, 2025. Current assets grew to Rs15.78 billion, supported by higher trade receivables and stock levels, while non-current assets expanded following investments in property, plant and equipment and related-party investments.<\/p>\n
Shareholders’ equity rose sharply to Rs13.07 billion from Rs8.66 billion at the end of the previous financial year, primarily due to the substantial increase in retained earnings. Unappropriated profit reached Rs10.21 billion, compared with Rs5.80 billion previously.<\/p>\n
Despite the strong financial performance, the Board of Directors has recommended no dividend for the period. The board approved the financial results at its meeting held on June 11, 2026.<\/p>\n
The results highlight Sitara Petroleum’s continued operational growth, improved profitability, and stronger balance sheet, positioning the company for sustained expansion in Pakistan’s petroleum products and energy distribution sector.<\/p>\n","protected":false},"excerpt":{"rendered":"
Sitara Petroleum Service Limited (PSL) has announced its financial results for the nine months and third quarter ended March 31, 2026, reflecting strong growth in profitability and a significant expansion in its asset base. According to the company’s approved condensed interim financial statements, net sales for the nine-month period reached Rs106.42 billion, representing an increase […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[133],"tags":[55],"class_list":["post-387","post","type-post","status-publish","format-standard","hentry","category-sitara-petroleum-service-limited-spsl-psx","tag-financial-results","et-doesnt-have-format-content","et_post_format-et-post-format-standard"],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/finance.brands.pk\/index.php?rest_route=\/wp\/v2\/posts\/387","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/finance.brands.pk\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/finance.brands.pk\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/finance.brands.pk\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/finance.brands.pk\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=387"}],"version-history":[{"count":1,"href":"https:\/\/finance.brands.pk\/index.php?rest_route=\/wp\/v2\/posts\/387\/revisions"}],"predecessor-version":[{"id":388,"href":"https:\/\/finance.brands.pk\/index.php?rest_route=\/wp\/v2\/posts\/387\/revisions\/388"}],"wp:attachment":[{"href":"https:\/\/finance.brands.pk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=387"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/finance.brands.pk\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=387"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/finance.brands.pk\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=387"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}