Lahore: Service Industries Limited announced its financial results for the first quarter ending March 31, 2026, with a notable decrease in revenue and a substantial increase in profit after tax. The Board of Directors approved the financial statements during a meeting held on April 28, 2026, at the company’s registered office. Despite the financial outcomes, no cash dividends, bonus shares, or right shares were recommended for this period.
The company reported a net revenue of 1.31 billion rupees for the quarter, a very large decline from the 2.45 billion rupees registered in the same period last year. The cost of sales also decreased significantly to 1.10 billion rupees compared to the previous year’s 2.26 billion rupees, contributing to a gross profit of 213.12 million rupees, up from 190.19 million rupees.
Despite the increased gross profit, Service Industries Limited faced higher distribution and administrative expenses, totaling 230.97 million rupees, compared to 191.24 million rupees in the first quarter of 2025. Other expenses escalated to 22.17 million rupees from 8.56 million rupees in the previous year.
A notable feature of this quarter’s performance was the surge in other income, which reached 903.52 million rupees, significantly up from the 432.91 million rupees recorded last year. Consequently, the profit from operations soared to 885.67 million rupees from 431.87 million rupees.
Finance costs decreased to 262.34 million rupees from the previous year’s 376.29 million rupees. As a result, the profit before levy and taxation rose to 623.33 million rupees, a very large increase from 55.57 million rupees in the same quarter of the previous year. After accounting for taxation of 91.03 million rupees, the profit after taxation amounted to 532.31 million rupees, compared to 64.88 million rupees last year, marking a very large increase.
Earnings per share experienced a significant rise, increasing from 1.38 rupees to 11.33 rupees. However, the company reported an other comprehensive loss of 16.25 million rupees, driven by a deficit arising from the remeasurement of investment at fair value. This resulted in a total comprehensive income of 516.06 million rupees for the quarter, compared to 61.26 million rupees in the previous year.
According to information available from the Pakistan Stock Exchange (PSX), Service Industries Limited operates within the designated market category, reflecting these financial developments. The company’s quarterly report, detailing these outcomes, will be transmitted through PUCARS within the specified timeframe.