Karachi, July 27, 2026 – Shahmurad Sugar Mills Limited has announced its financial results for the nine-month period ended June 30, 2026, reporting a decline in profitability despite recording robust sales during the latest quarter. The company’s Board of Directors approved the financial statements in its meeting held on July 27, 2026, while announcing that no cash dividend, bonus shares, or right shares would be issued for the period.
According to the company’s unaudited financial statements, net sales for the nine-month period stood at Rs. 15.20 billion, compared to Rs. 17.00 billion in the corresponding period last year, reflecting a decline of around 10.6%. Gross profit also fell to Rs. 1.70 billion from Rs. 1.89 billion a year earlier.
Operating profit decreased to Rs. 1.15 billion, down from Rs. 1.30 billion in the same period last year. Lower other income and continued finance costs further impacted earnings, resulting in profit before tax of Rs. 849.25 million, compared with Rs. 940.91 million in the corresponding period of 2025.
After accounting for taxation, Shahmurad Sugar Mills posted a net profit of Rs. 515.81 million for the nine months ended June 30, 2026, compared with Rs. 652.23 million in the same period last year, representing a decline of approximately 21%. Consequently, earnings per share (EPS) fell to Rs. 24.42 from Rs. 30.88 recorded in the previous year.
Despite the weaker nine-month performance, the company delivered a stronger fourth-quarter result. Quarterly sales for the April–June 2026 period increased to Rs. 7.89 billion, significantly higher than Rs. 6.02 billion recorded in the corresponding quarter of last year. Quarterly gross profit also improved to Rs. 727.00 million, while quarterly net profit reached Rs. 196.09 million. However, this remained below the Rs. 293.97 million earned during the same quarter of 2025, reflecting the impact of higher taxation and finance costs.
The company’s financial position remained solid, with total assets rising to Rs. 26.68 billion as of June 30, 2026, compared with Rs. 22.82 billion at the end of September 2025. Shareholders’ equity also improved to Rs. 13.02 billion, supported by retained earnings and revaluation reserves.
In its corporate announcement, Shahmurad Sugar Mills confirmed that the Board did not recommend any interim cash dividend, bonus issue, or right shares for the period ended June 30, 2026.
While the company experienced lower profitability over the nine-month period compared to last year, the strong quarterly revenue growth indicates improving business momentum. Investors will be closely monitoring future performance to assess whether higher sales can translate into stronger earnings amid ongoing cost and financing pressures.
