Karachi: Pakistan Synthetics Limited, a prominent player in the manufacturing sector, has reported a significant increase in profits for the fiscal year ending June 30, 2026, according to its annual report released on October 5, 2026. The company announced a profit of 811.45 million rupees, marking a very large or significant move from the previous year's 367.45 million rupees.
The company's assets saw extensive growth, with total assets increasing to 12.67 billion rupees from 11.20 billion rupees the previous year. This expansion was primarily driven by an increase in non-current assets, which rose to 5.42 billion rupees from 4.45 billion rupees. Key contributors to this growth include property, plant, and equipment, which expanded to 4.15 billion rupees from 3.42 billion rupees, and investment in associates, which increased to 1.10 billion rupees from 974.90 million rupees.
In terms of revenue, Pakistan Synthetics Limited experienced a decline, reporting 15.67 billion rupees, down from 16.87 billion rupees the previous year. The cost of sales also decreased to 13.63 billion rupees from 14.90 billion rupees, resulting in a gross profit of 2.04 billion rupees compared to the previous year's 1.98 billion rupees.
According to information available from the Pakistan Stock Exchange (PSX), the company's share capital and reserves increased to 5.44 billion rupees from 4.63 billion rupees, with reserves climbing to 4.05 billion rupees from 3.24 billion rupees. This financial bolstering is indicative of a robust equity position.
The company's operating profit rose to 1.65 billion rupees from 1.48 billion rupees, bolstered by a substantial increase in other income, which surged to 342.26 million rupees from 29.81 million rupees. Conversely, finance costs decreased to 602.76 million rupees from 664.89 million rupees, further supporting the profitability increase.
However, the taxation and levy expenses increased to 577.67 million rupees from 270.02 million rupees, reflecting an elevated tax burden. Despite this, the profit before taxation and levy nearly doubled to 1.39 billion rupees from 637.47 million rupees, showcasing operational efficiency and strategic financial management.
Pakistan Synthetics Limited's earnings per share also saw a considerable increase, rising to 5.85 rupees from 2.65 rupees, underlining the company's enhanced financial performance and shareholder value. The company's ability to navigate challenges and leverage asset growth highlights its strategic acumen in the competitive manufacturing market.