KARACHI: Sitara Chemical Industries Limited has reported a strong improvement in its financial performance for the nine-month period ended March 31, 2026, driven by higher profitability despite a slight decline in revenue.
According to the company’s financial results approved by its Board of Directors on April 28, 2026, Sitara Chemical posted a profit after tax of Rs1.173 billion, compared with Rs712.1 million in the corresponding period last year, reflecting an increase of nearly 65%. Earnings per share (EPS) rose to Rs54.76, up from Rs33.23 a year earlier.
The company generated net sales of Rs24.32 billion during the nine-month period, slightly lower than Rs24.25 billion reported in the same period last year. However, improved cost management helped increase gross profit to Rs4.72 billion, compared with Rs3.93 billion a year ago.
For the third quarter ended March 31, 2026, Sitara Chemical recorded a profit after tax of Rs448.7 million, up from Rs347.1 million in the corresponding quarter of last year. Quarterly EPS improved to Rs20.94, compared with Rs16.20 previously.
The company also reported an increase in profit before taxation, which reached Rs1.94 billion during the nine months, supported by stronger operating margins and higher other income.
On the balance sheet, total assets increased to Rs49.42 billion as of March 31, 2026, from Rs47.51 billion at the end of June 2025, while shareholders’ equity strengthened to Rs19.93 billion, reflecting the improved earnings during the period.
The Board of Directors did not recommend any interim cash dividend, bonus shares, right shares, or any other corporate action along with the financial results.
The latest results indicate that Sitara Chemical has significantly strengthened its profitability during FY2026, benefiting from improved operational efficiency and stronger margins despite modest pressure on sales.
