KARACHI: Sitara Peroxide Limited has posted a strong turnaround in its financial performance for the nine-month period ended March 31, 2026, reporting a net profit of Rs223.70 million compared to a net loss of Rs144.96 million in the corresponding period last year. The company’s earnings per share (EPS) improved to Rs4.06, reversing last year’s loss per share of Rs2.63.
The company attributed its improved performance primarily to a substantial increase in other income, which surged to Rs375.72 million during the period, compared with Rs7.19 million a year earlier. This significantly strengthened profitability despite administrative expenses remaining broadly stable.
For the third quarter alone, Sitara Peroxide reported a net loss of Rs24.22 million, an improvement from the Rs52.64 million loss recorded in the same quarter of the previous year. Quarterly loss per share narrowed to Rs0.44 from Rs0.96, reflecting a gradual improvement in operating performance.
On the balance sheet, the company’s total assets stood at Rs2.61 billion as of March 31, 2026, compared with Rs2.78 billion at the end of June 2025. Shareholders’ equity increased to Rs1.18 billion, supported by the return to profitability and a reduction in accumulated losses.
Cash flow from operating activities remained negative during the nine-month period, with a net operating cash outflow of approximately Rs77.27 million. However, investing activities generated Rs157.59 million, mainly from proceeds related to the disposal of a non-current asset held for sale, partially offsetting financing-related cash outflows. Cash and cash equivalents stood at Rs1.03 million at the end of the period.
The Board of Directors, in its meeting held on April 29, 2026, did not recommend any cash dividend, bonus shares, or right shares for the period ended March 31, 2026.
The latest results mark a notable turnaround for Sitara Peroxide, with the company moving back into profitability after losses in the previous year. Sustaining this recovery through stronger core operations and improved cash generation will remain a key focus for management in the coming quarters.
