Lahore: Fast Cables Limited announced its financial results for the quarter ended March 31, 2026, revealing a steady performance with no dividend declaration, according to a statement released after the Board of Directors’ meeting on April 27, 2026.
The Board, convening at 11:00 a.m. in Lahore, approved the quarterly financial statements, which reported no cash dividend, bonus shares, right shares, or other entitlements for the period. The company’s financial data will be transmitted through PUCARS within the specified timeframe.
The company’s assets totaled 38.77 billion rupees, a notable increase from the 35.01 billion rupees recorded as of June 30, 2025. This includes an increment in non-current assets, which rose to 10.36 billion rupees from 9.59 billion rupees, primarily due to investments in property, plant, and equipment. Similarly, current assets increased to 28.41 billion rupees from 25.42 billion rupees, driven by higher stock in trade and trade debts.
On the liabilities front, Fast Cables reported a slight rise in non-current liabilities, reaching 1.42 billion rupees. Current liabilities also increased to 21.88 billion rupees, up from 19.06 billion rupees, primarily influenced by a rise in short-term borrowings, which stood at 14.99 billion rupees as compared to 11.47 billion rupees previously.
The company’s revenue for the nine months ended March 31, 2026, reached 26.31 billion rupees, up from 24.20 billion rupees in the same period last year. This reflects a very large or significant move in revenue. The cost of revenue also increased slightly to 21.55 billion rupees from 20.04 billion rupees. Consequently, the company’s gross profit showed an upward trend, rising to 4.76 billion rupees from the previous 4.16 billion rupees.
Operating profit for the nine months stood at 3.19 billion rupees, an improvement from 2.85 billion rupees, while profit before taxation was recorded at 1.99 billion rupees, compared to 1.84 billion rupees in the previous year. These figures underscore the company’s stable operational performance.
According to information available from the Pakistan Stock Exchange (PSX), Fast Cables Limited’s net profit for the period was 1.26 billion rupees, reflecting a moderate move. Earnings per share, both basic and diluted, stood at 1.95 rupees, up from 1.76 rupees in the prior year.
Despite the steady financial performance, the absence of dividend declarations and other entitlements remains a key point of interest for shareholders and market analysts. Fast Cables Limited continues to navigate the complex economic landscape with a focus on maintaining its financial stability and operational efficiency.