Lahore: The directors of Tariq Corporation Limited have released the reviewed financial information for the half-year ending on March 31, 2026, showing a notable increase in profit despite a challenging market environment marked by declining sugar prices and oversupply.
According to the company’s un-audited statements, Tariq Corporation Limited reported sales of Rs. 9.76 billion for the first half of the year, an increase from Rs. 8.75 billion during the same period last year. The gross profit also rose to Rs. 356.06 million from Rs. 227.19 million, while profit after taxation improved to Rs. 55.11 million from Rs. 33.47 million previously. Earnings per share increased from 0.51 to 0.83.
Operationally, the company crushed 709,018 metric tons of sugarcane and produced 63,300 metric tons of refined sugar, achieving a sugar recovery rate of 8.92%. These figures compare favorably to the previous year’s crushing of 662,775 metric tons and production of 57,237 metric tons, with a recovery rate of 6.65%. The crushing season extended for 118 days, which marked a 12% increase in duration.
According to information available from the Pakistan Stock Exchange (PSX), the financial performance of Tariq Corporation Limited reflects a strong operational capacity enabled by the Efficiency Improvement Project and the 8MR initiative, contributing to the company’s resilience amid fluctuating sugarcane prices that ranged from Rs. 400 to over Rs. 550 per mound.
Despite an oversupply causing sugar prices to decline to new lows, the sugar industry witnessed improved yields per acre and sucrose recoveries. The increased profitability for Tariq Corporation Limited during this period is attributed to enhanced working capital availability and better recoveries of sugarcane. The directors expressed optimism about the company’s future prospects, buoyed by these operational improvements and strategic initiatives.