Karachi: Safe Mix Concrete Limited has released its financial results for the first quarter ending on September 30, 2026, reflecting a notable increase in revenue alongside rising administrative expenses. The company reported these figures in a statement dated October 27, 2026.
The net revenue for the quarter stood at 645.57 million, showing a very large or significant move of 8.26% compared to the 596.29 million reported in the same period of the previous year. This increase in revenue was accompanied by a rise in the cost of revenue, which went up to 533.02 million from 495.78 million.
Despite the escalating costs, Safe Mix Concrete Limited achieved a gross profit of 112.54 million, up from 100.51 million, marking a big move of 11.98%. However, administrative expenses saw a significant rise, totaling 23.21 million compared to 17.52 million in the previous year. Selling and distribution expenses decreased to 5.61 million from 7.13 million.
Operating profit for the quarter was reported at 83.73 million, an uptick from 75.85 million in the previous year. This improvement in operating profit was achieved even as other expenses decreased to 1.23 million from 4.74 million, while other income dropped to 739,243 from 1.11 million, resulting in a net other expenses figure of 491,937 compared to 3.63 million previously.
The company's finance costs increased to 10.34 million from 8.32 million. As a result, the profit before levies and taxation was 72.89 million, compared to 63.91 million in the same quarter last year.
After accounting for levies of 5.10 million and taxation of 18.84 million, the profit after taxation stood at 48.95 million. This reflects a moderate move of 4.96% from the previous year's post-tax profit of 46.64 million.
Earnings per share, both basic and diluted, rose to 1.96 from 1.87, according to information available from the Pakistan Stock Exchange (PSX). The designated market category for Safe Mix Concrete Limited is construction materials.
The financial results illustrate the company's ability to increase revenue and maintain profitability amid rising costs, highlighting its resilience in the current economic environment.