KARACHI: Karam Ceramics Limited has announced its financial results for the nine months and third quarter ended March 31, 2026, reporting a reduction in losses as the company continued to navigate a difficult business environment marked by high inflation, elevated energy costs, and subdued construction activity. The Board of Directors also declared that no cash dividend, bonus shares, or right shares would be issued for the period.
According to the company’s financial statements, net sales for the nine-month period increased to Rs500.34 million, compared with Rs496.96 million in the corresponding period last year. Gross profit improved significantly to Rs24.37 million, reversing a gross loss of Rs439.04 million recorded a year earlier.
Despite the operational improvement, Karam Ceramics posted a loss after tax of Rs63.43 million for the nine months ended March 31, 2026, compared with a loss of Rs467.76 million in the same period last year. Earnings per share (EPS) improved to negative Rs4.36, from negative Rs32.15 in the corresponding period of 2025. The quarterly loss also narrowed to Rs27.90 million, compared with Rs217.51 million in the same quarter last year.
In its directors’ report, the company stated that the operating environment remained challenging due to persistent inflation, high fuel and electricity prices, and weaker demand from the construction sector. However, management emphasized that operational efficiencies, cost controls, and prudent resource management helped improve financial performance during the period.
The company also highlighted its focus on improving production efficiency, maintaining product quality, and enhancing customer satisfaction while continuing efforts to strengthen its long-term financial position. Management expressed confidence that ongoing restructuring initiatives and expected improvements in economic conditions could support future growth.
Karam Ceramics’ balance sheet showed total assets of approximately Rs1.50 billion as of March 31, 2026, while shareholders’ equity stood at around Rs860.96 million, reflecting the impact of accumulated losses despite operational progress.
The company reiterated its commitment to operational excellence and sustainable growth, while acknowledging the continued support of its employees, customers, suppliers, and shareholders as it works to strengthen its financial performance in the coming quarters.
