Lahore: On May 29, 2026, Jauharabad Sugar Mills Limited (JSML) reported its financial and operational performance for the half year ending March 31, 2026. The company, operating within the designated market category of sugar production, highlighted significant achievements despite fluctuating market dynamics.
During the 2025/26 crushing season, sugarcane cultivation increased by 1.8%, contributing to a national sugar production of approximately 7.5 million metric tons. This output surpasses the country's annual domestic consumption requirement of around 6.8 million metric tons. The surplus, along with existing stock, has led to promising opportunities for sugar exports, boosting the industry's potential to enhance foreign exchange earnings.
The province of Punjab, a key player in sugarcane production, recorded a 4.8% increase in cultivated area, reaching 856,000 hectares. Sugarcane production in the province rose by 2.7%, totaling 61.73 million metric tons. This growth was facilitated by improved agronomic practices and favorable weather conditions, ensuring stable crop yields.
Notably, the Government continued its policy of not setting a Minimum Support Price (MSP) for sugarcane for the second consecutive season, allowing market forces to determine prices. This shift resulted in higher sugarcane prices, benefiting growers with attractive returns and bolstering agricultural activity.
JSML commenced its 2025-26 crushing season on November 15, 2025, six days earlier than the previous year, and extended operations for 125 days, surpassing last season's 110 days. The company crushed 865,689 metric tons of sugarcane, significantly more than the 623,733 metric tons processed in the prior season. The sugar recovery rate was maintained at 10.07%, underscoring the company's operational efficiency.
According to information available from the Pakistan Stock Exchange (PSX), JSML reported a revenue of Rs. 5,285 million for this period, a decrease from the Rs. 5,660 million recorded in the previous year. However, the company achieved a gross profit of Rs. 802 million, an improvement from Rs. 686 million, due to enhanced operational efficiencies and optimized production costs.
Additionally, JSML successfully settled all cane liabilities within 24 hours of the season's close, reflecting strong financial discipline and commitment to growers. This operational excellence was acknowledged in communications with the Cane Commissioner Office.
The company's management continues to focus on improving operational efficiencies and optimizing recovery levels to maintain its competitive edge in the sugar industry. The auditors of JSML reviewed the financial statements and authorized their issuance, noting no material changes impacting the company's financial position since the report's conclusion.