Karachi: Al-Noor Sugar Mills Limited has announced its un-audited financial results for the period ending March 31, 2026, showcasing a mixed performance in both production and financial terms. According to the company’s directors’ report, notable achievements in sugar and molasses production were offset by a decline in overall financial performance.

The sugar mill recorded a substantial increase in sugarcane processing, crushing 886,406 metric tons compared to 747,944 metric tons in the previous year. This resulted in the production of 90,853 metric tons of sugar, marking a 27.04 percent increase from the 71,515 metric tons produced in the same period last year. The improvement in the sugar recovery rate from 9.56 percent to 10.25 percent also contributed significantly to the higher output. Molasses production increased to 45,580 metric tons from 39,072 metric tons. Meanwhile, the MDF Board Division saw a minor rise in production to 36,233 cubic meters from 35,725 cubic meters.

Financially, Al-Noor Sugar Mills reported sales revenue of 6.59 billion rupees, down from 7.47 billion rupees in the prior year, indicating a very large or significant move. Cost of sales decreased to 5.28 billion rupees from 6.32 billion rupees, leading to a gross profit of 1.31 billion rupees compared to 1.15 billion rupees previously. Despite the increase in gross profit, the company faced higher administrative and distribution costs, alongside increased financial costs. However, a notable reduction in levies and taxation provisions helped the company to report a profit after tax of 151.12 million rupees, a considerable improvement from a loss of 25.69 million rupees in the previous year.

According to information available from the Pakistan Stock Exchange (PSX), Al-Noor Sugar Mills’ performance reflects the broader market trends and challenges faced by the industry. The company reported a profit per share of 7.38 rupees, in stark contrast to a loss per share of 1.25 rupees last year.

The directors’ report highlighted that the financial year was marked by a favorable cane crop season, which was pivotal in achieving the production increases. The company anticipates that the surplus sugar production may potentially be exported, contributing to foreign exchange earnings. Additionally, the MDF Board Division’s slight uptick in production is expected to continue, given the stable availability of raw materials.

Despite the encouraging production figures, the financial outlook remains challenging, with the management focused on reducing costs further while capitalizing on any export opportunities in the sugar market.