KARACHI: Mehran Sugar Mills Limited (PSX: MEHR) has announced its financial results for the third quarter and nine-month period ended June 30, 2026, reporting a net profit of Rs516.49 million for the nine months while deciding not to announce any cash dividend, bonus shares, or right shares. The results were approved by the company’s Board of Directors at its meeting held on July 30, 2026.
According to the financial statement, the company recorded net turnover of Rs9.35 billion during the nine-month period, compared with Rs10.73 billion in the corresponding period last year. Gross profit also declined to Rs1.18 billion from Rs1.47 billion a year earlier, reflecting challenging operating conditions.
Despite the lower revenue, Mehran Sugar Mills remained profitable, posting a net profit of Rs516.49 million, compared with Rs1.25 billion in the same period of the previous year. Earnings per share (EPS) stood at Rs6.89, down from Rs16.68 recorded a year earlier.
For the quarter ended June 30, 2026, the company earned Rs285.56 million, compared with Rs504.22 million in the corresponding quarter of last year. Quarterly earnings per share came in at Rs3.81, reflecting the impact of lower profitability during the period.
The company also reported other comprehensive income of Rs21.07 million arising from the remeasurement of investments, taking total comprehensive income for the nine-month period to Rs537.56 million.
In its notification to the Pakistan Stock Exchange, the board confirmed that no cash dividend, bonus shares, right shares, or any other corporate action would be announced alongside the financial results. The company further stated that there was no other price-sensitive information to disclose.
The latest results indicate that while Mehran Sugar Mills remained profitable during the first nine months of FY2025-26, earnings moderated significantly compared with the previous year amid lower sales and compressed operating performance.
