Karachi: Security Papers Limited has released its financial report for the period ending March 31, 2026, revealing substantial movements within its financial metrics. The report, dated June 11, 2026, highlights important changes in both assets and liabilities, as well as a significant decrease in profitability compared to the previous year.
The company's fixed assets, including Capital Work in Progress (CWIP), increased to 2,468 million Pakistani Rupees (Rs) from 1.999 million Rs, showing a considerable uptick of 470 million Rs. Long-term investments witnessed a decrease, falling by 20 million Rs to 3,788 million Rs. On the other hand, short-term investments saw a sizable reduction, dropping by 502 million Rs to 2,220 million Rs. Overall, total assets decreased to 11,107 million Rs from 11,350 million Rs, marking a downturn.
According to information available from the Pakistan Stock Exchange (PSX), the shareholders' equity rose moderately by 98 million Rs to reach 9,099 million Rs. Deferred taxation experienced a decline of 30 million Rs, standing at 285 million Rs. The company's unpaid dividend increased by 95 million Rs to 711 million Rs, while trade and other payables decreased notably by 271 million Rs to 962 million Rs.
In terms of financial performance, Security Papers Limited reported sales of 5,316 million Rs for the year-to-date period ending March 31, 2026, compared to 5,825 million Rs during the same period in the previous year. This represents a reduction in sales by 510 million Rs. The gross profit also fell to 1,166 million Rs from 1,599 million Rs, a decrease of 433 million Rs. Concurrently, other income registered a decrease of 207 million Rs, totaling 503 million Rs, while profit after taxation plummeted to 631 million Rs from 1,101 million Rs, illustrating a downturn of 470 million Rs.
The gross profit to sales ratio experienced a very large or significant move, dropping to 22% from 27% in March 2025. The current ratio improved from 2.64 times to 2.85 times, indicating enhanced liquidity. However, earnings per share saw a substantial decline from 18.59 Rs to 10.66 Rs, reflecting decreased profitability. The share price at the period end marked a very large or significant move downward, closing at 132.59 Rs, compared to 170.23 Rs in March 2025.
Security Papers Limited, situated within the designated market category of the Pakistan Stock Exchange, continues to navigate these financial challenges as it aims to stabilize its earnings and asset base amidst fluctuating market conditions.