Karachi: Sakrand Sugar Mills Limited has reported a notable increase in profit after taxation, rising to Rs. 287.73 million for the nine-month period ending June 30, 2026, from Rs. 77.91 million in the same period last year. This surge in profitability comes despite a decrease in net sales, which fell to Rs. 2,430.38 million compared to Rs. 3,759.70 million in the previous year. The decline in sales is attributed to a delayed start of the crushing season, commencing on December 1, 2025, as opposed to November 21, 2024, during the last season.
The reduction in operational days from 85 to 78 also contributed to a lower volume of sugarcane crushed, recorded at 199,765 metric tons, down from 289,400 metric tons in the preceding season. The average crushing per day was 2,561 metric tons, a decrease from 3,405 metric tons. Consequently, sugar production fell to 21,339 metric tons from 27,994 metric tons, with molasses production also declining to 10,155 metric tons from 13,470 metric tons.
Despite these operational challenges, Sakrand Sugar Mills managed to improve its gross profit, which nearly doubled to Rs. 435.26 million from Rs. 209.99 million. Profit before taxation also showed a significant increase, reaching Rs. 346.67 million compared to Rs. 123.26 million in the previous year. Earnings per share rose to Rs. 6.45 from Rs. 1.75.
According to information available from the Pakistan Stock Exchange (PSX), the company’s sugar recovery rate improved to 10.702% from 9.819%, while molasses recovery also saw an increase to 5.085% from 4.669%. These enhancements in recovery rates contributed to the improved contribution margin and overall profitability, despite a subdued ex-mill sugar price environment driven by uncertainty over government export policies.
The Sindh sugar industry outlook remains cautiously optimistic, bolstered by improved sugarcane availability and higher recovery levels, though the sector continues to grapple with volatile sugar prices and rising production costs. The company emphasized the importance of timely policy decisions and a stable regulatory framework for sustainable growth. Sakrand Sugar Mills is committed to its Revival Plan, focusing on operational efficiency and financial strengthening to ensure long-term growth.