Lahore: The Directors of Diamond Industries Limited have reported a significant financial turnaround for the fiscal year ending June 30, 2026, according to their recently released Annual Report. The company, which resumed its manufacturing operations in January 2026, has shown substantial improvement in its financial performance, driven by a strategic revival and positive market response.

On October 7, 2026, the Annual Report detailed that Diamond Industries achieved a net sales revenue of Rs. 693.87 million, a substantial increase from Rs. 18.10 million in the previous year. This growth was accompanied by a gross profit of Rs. 62.94 million, contrasting with a gross loss of Rs. 150.88 million reported for the year 2025.

The company's operating expenses rose to Rs. 49.58 million from Rs. 17.87 million last year. However, an increase in other operating income to Rs. 30.35 million, up from Rs. 15.37 million, contributed to a profit from operations of Rs. 43.70 million. This is a marked improvement from the operating loss of Rs. 153.36 million reported the previous year.

According to information available from the Pakistan Stock Exchange (PSX), the company incurred a financial cost of Rs. 0.038 million and received a share of profit from associated companies amounting to Rs. 0.837 million. After accounting for levies and taxation of Rs. 6.24 million, the net profit after taxation stood at Rs. 38.26 million. This positive result is a stark contrast to the net loss of Rs. 153.76 million recorded in 2025.

The significant move in earnings per share, which reached Rs. 4.25 from a loss of Rs. 17.08 per share, reflects the company's successful efforts to reclaim its market position and profitability. An interim cash dividend of 10%, equivalent to Rs. 1 per ordinary share, was declared on April 27, 2026, further highlighting the company's financial recovery.

The revival of operations has been supported by the company's Directors, Sponsors, and Associated Undertakings, enabling Diamond Industries to bolster its production capabilities and market share. The management remains committed to enhancing operational efficiency and dealer networks to ensure sustainable profitability in the future.