Karachi: On June 30, 2025, Sakrand Sugar Mills Limited reported a big move in its financial performance for the quarter, ending with notable improvements in sales and profitability, despite a decrease in sugar recovery rates. The company presented its un-audited condensed interim financial statements, highlighting a significant operational and financial turnaround.

During the 2024-25 crushing season, Sakrand Sugar Mills crushed 289,400 metric tons of sugarcane, improving over the previous year's figure of 257,489 metric tons. The average daily crushing capacity increased, although the sugar recovery rate dropped to 9.819% from the prior year's 10.202%. This decline in recovery was attributed to the poor quality of sugarcane received.

Financially, the company experienced a big move with net sales reaching Rs. 3,759.70 million, a considerable increase from Rs. 2,985.49 million in the previous period. Gross profit rose to Rs. 209.99 million, a stark contrast to last year's Rs. 3.25 million. Profit before taxation improved to Rs. 123.26 million from a loss of Rs. 64.28 million, while earnings per share climbed to Rs. 1.75 from a negative Rs. 2.28.

According to information available from the Pakistan Stock Exchange (PSX), the company's ability to export its allocated government sugar quota contributed significantly to its profitability. The shift in market dynamics, influenced by the de-regulation policy for the sugar industry, meant that the company procured sugarcane at prevailing market rates without a minimum support price, enhancing its competitiveness.

The directors of Sakrand Sugar Mills expressed gratitude to government entities, financial institutions, suppliers, and shareholders for their continued support, emphasizing the cooperative efforts that facilitated the company's progress and prosperity.