KARACHI: Sakrand Sugar Mills Limited has announced its unaudited financial results for the nine months ended June 30, 2026, reporting a net profit after tax of Rs77.91 million, significantly lower than the Rs287.73 million profit recorded during the corresponding period last year, reflecting pressure on profitability despite higher sales.
According to the financial statement approved by the company’s Board of Directors on July 29, 2026, net sales increased sharply to Rs3.76 billion, compared with Rs2.43 billion in the same period of the previous year. However, the increase in sales was accompanied by a substantial rise in the cost of sales, which reached Rs3.55 billion, resulting in gross profit falling to Rs209.99 million from Rs435.26 million a year earlier.
Operating profit also declined considerably to Rs81.14 million, compared with Rs311.68 million in the corresponding period last year. The company reported finance costs of Rs21.59 million, while other income stood at Rs84.21 million, partially offsetting the impact of higher expenses. Profit before taxation and levy amounted to Rs123.26 million, while the levy expense totaled Rs45.35 million, resulting in a net profit after tax of Rs77.91 million.
On a quarterly basis, Sakrand Sugar Mills returned to profitability by posting a Rs3.87 million profit after tax for the quarter ended June 30, 2026, compared with a loss of Rs41.19 million during the same quarter last year. Earnings per share (EPS) for the nine-month period declined to Rs1.75, down from Rs6.45 in the corresponding period of 2025.
The company’s financial position remained stable, with total assets increasing to Rs4.63 billion as of June 30, 2026, from Rs4.12 billion at the end of September 2025. Cash and bank balances improved to Rs41.03 million, while shareholders’ equity rose to Rs1.02 billion, supported by the period’s profit and a reduction in accumulated losses.
The Board of Directors did not recommend any cash dividend, bonus shares, right shares, or any other corporate entitlement for the period under review.
Despite the year-on-year decline in earnings, the latest results indicate that Sakrand Sugar Mills maintained profitability amid rising production costs and challenging operating conditions, while achieving significant growth in revenue during the nine-month period.
