Lahore: Noon Sugar Mills Limited has announced its financial results for the quarter and six-month period ending March 31, 2026, revealing a significant increase in profits despite deciding against issuing cash dividends, bonus shares, or right shares. The results were disclosed following a Board of Directors meeting on May 23, 2026.
The company's net sales for the quarter amounted to 2.69 billion rupees, a slight decrease from 2.81 billion rupees in the same period the previous year. However, for the six-month period, net sales increased to 8.34 billion rupees from 5.88 billion rupees in the prior year. The gross profit for the quarter rose to 227.85 million rupees, up from 214.72 million rupees the previous year.
According to information available from the Pakistan Stock Exchange (PSX), Noon Sugar Mills Limited's profit from operations for the quarter surged to 258.02 million rupees, compared to 132.33 million rupees in the corresponding period last year. This increase was largely attributed to a notable rise in other income, which totaled 282.64 million rupees for the quarter, significantly higher than the 76.82 million rupees recorded in the previous year.
Despite these gains, the company reported a finance cost of 201.94 million rupees for the quarter, up from 84.62 million rupees in the previous year. The profit before minimum and final tax levies for the quarter was 56.08 million rupees, up from 47.72 million rupees last year. After accounting for tax levies, the profit for the quarter was 19.23 million rupees, an increase from 11.80 million rupees in the previous year.
The company's earnings per share for the quarter stood at 1.16 rupees, a big move from 0.71 rupees in the same period last year. For the six-month period, earnings per share rose to 6.61 rupees from 8.08 rupees in the previous year.
Noon Sugar Mills Limited's cash flow statement revealed that net cash used in operating activities amounted to 4.24 billion rupees, while net cash generated from financing activities was 4.96 billion rupees. This resulted in a net increase in cash and cash equivalents to 472.35 million rupees at the end of the period, up from 59.05 million rupees at the beginning.
Despite the improved financial performance, the Board of Directors opted not to declare any cash dividends, bonus shares, or right shares. The company's reserves as of March 31, 2026, showed a total of 2.10 billion rupees, up from 1.53 billion rupees in the previous year.