KARACHI: Shabbir Tiles & Ceramics Limited (STCL) reported a loss for the quarter ended March 31, 2026, as declining sales, rising operating expenses, and higher finance costs weighed on the company’s financial performance. The board of directors also announced that it had not recommended any cash dividend, bonus shares, right shares, or any other corporate action for the period.
For the third quarter of FY2026, the company posted a net loss after tax of Rs347.76 million, compared with a net profit of Rs18.58 million recorded in the corresponding quarter last year. Consequently, loss per share (LPS) stood at Rs1.45, versus earnings per share (EPS) of Rs0.08 in the same period of FY2025.
Quarterly net turnover declined to Rs2.78 billion, down from Rs3.54 billion a year earlier. Gross profit also fell sharply to Rs496.42 million from Rs717.84 million, reflecting pressure on both sales volumes and profitability.
The company recorded an operating loss of Rs205.28 million during the quarter, compared with an operating profit of Rs59.26 million in the same period last year. Finance costs increased to Rs64.42 million, further impacting the bottom line.
For the nine months ended March 31, 2026, Shabbir Tiles reported a net loss of Rs906.28 million, significantly higher than the Rs133.99 million loss posted during the corresponding period of the previous year. Revenue for the nine-month period fell to Rs8.85 billion from Rs10.63 billion, highlighting continued challenges in market demand and business operations.
The company’s financial position showed total assets of Rs8.53 billion as of March 31, 2026, compared with Rs7.94 billion at the end of June 2025. However, shareholders’ equity declined to Rs1.74 billion from Rs2.65 billion, primarily due to accumulated losses during the reporting period.
In its notification to the Pakistan Stock Exchange, the company confirmed that no dividend or other shareholder entitlement had been approved, with the detailed quarterly financial statements accompanying the announcement.
