KARACHI: Siddiqsons Tin Plate Limited has returned to profitability during the first nine months of FY2025-26, reporting a net profit after tax of Rs33.03 million for the period ended March 31, 2026, compared with a net loss of Rs174.25 million recorded in the corresponding period last year. The company announced its financial results following a meeting of its Board of Directors held on April 29, 2026.
The turnaround was supported by a notable increase in revenue. Net sales rose to Rs2.16 billion, up from Rs1.53 billion in the same period of the previous year, reflecting stronger business activity. Gross profit also improved to Rs301.14 million, although the gross margin eased to 14% from 16% a year earlier.
The company reported profit before tax of Rs60.01 million, reversing a pre-tax loss of Rs154.97 million in the comparable period last year. After accounting for taxation of Rs26.98 million, Siddiqsons Tin Plate posted earnings per share (EPS) of Rs0.14, compared with a loss per share of Rs0.76 in the corresponding period of FY2025.
For the third quarter alone, the company earned a net profit of Rs7.38 million, compared with a loss of Rs20.43 million in the same quarter last year, indicating continued operational improvement.
Despite the earnings recovery, the Board of Directors did not recommend any cash dividend, bonus shares, right shares, or any other corporate action for the period under review.
According to the company’s statement of financial position, total assets stood at Rs4.38 billion as of March 31, 2026, while shareholders’ equity improved to approximately Rs940.49 million, reflecting the positive impact of the latest earnings.
The latest results highlight Siddiqsons Tin Plate’s successful return to profitability after a challenging previous year, driven by higher sales and improved operating performance, although financing costs and administrative expenses continue to weigh on overall margins.
