KARACHI: Tandlianwala Sugar Mills Limited (PSX: TSML) reported a robust financial performance for the nine months ended June 30, 2026, posting a significant increase in profitability on the back of strong revenue growth despite higher finance costs and taxation.

According to the company’s financial results, net sales surged to Rs46.05 billion during the nine-month period, compared to Rs30.30 billion in the corresponding period last year, representing an increase of nearly 52%. The rise in revenue was driven by improved sales volumes and market conditions in the sugar sector.

Gross profit stood at Rs3.94 billion, slightly lower than Rs4.05 billion recorded a year earlier. However, improved operating efficiency and higher other income helped the company maintain strong operating performance, with profit from operations reaching Rs3.22 billion.

Despite facing substantial finance costs of Rs2.13 billion, the company reported a profit before taxation of Rs957.76 million, up from Rs638.91 million in the same period of last year. After accounting for taxation, profit after tax climbed to Rs462.74 million, marking an increase of approximately 61% from Rs287.77 million reported in the corresponding period of 2025.

Earnings per share (EPS) improved to Rs3.93, compared with Rs2.44 in the same period last year, reflecting the company’s stronger profitability.

For the quarter ended June 30, 2026, Tandlianwala Sugar Mills posted net sales of Rs8.20 billion, compared with Rs6.22 billion a year earlier. Quarterly profit after tax increased sharply to Rs124.72 million, while quarterly EPS rose to Rs1.06, up from Rs0.19 in the corresponding quarter last year.

The Board of Directors did not recommend any cash dividend, bonus shares, or right shares along with the financial results for the nine-month period.

The results indicate that Tandlianwala Sugar Mills benefited from strong top-line growth during the period, enabling it to deliver higher earnings despite elevated borrowing costs and tax expenses. Continued improvement in operational performance and market dynamics will remain key factors influencing the company’s performance in the final quarter of the financial year.