Karachi: Shabbir Tiles and Ceramics Limited has reported its financial results for the quarter ending September 30, 2026, revealing an increase in turnover accompanied by a rise in financial losses. The results were released on October 30, 2026.
The company's turnover for the quarter reached 3.70 billion rupees, up from 3.19 billion rupees in the same period the previous year. Despite this increase, the cost of sales rose to 3.14 billion rupees from 2.69 billion rupees, resulting in a gross profit of 559.85 million rupees compared to 504.00 million rupees last year.
Selling and distribution expenses increased to 662.06 million rupees from 559.54 million rupees, and administrative expenses climbed to 190.22 million rupees from 161.95 million rupees. The company recorded a reversal of allowance for expected credit loss amounting to 9.45 million rupees, contrasting with a previous allowance of 0.22 million rupees, bringing total expenses to 842.83 million rupees from 721.72 million rupees last year.
According to information available from the Pakistan Stock Exchange (PSX), Shabbir Tiles and Ceramics reported other income of 26.30 million rupees, up from 14.86 million rupees, but faced an operating loss that widened to 256.68 million rupees from 202.86 million rupees. Finance costs increased significantly to 130.68 million rupees from 48.37 million rupees, contributing to a loss before taxation of 387.36 million rupees compared to 260.84 million rupees the previous year.
The company recorded a taxation credit of 0.49 million rupees, compared to a credit of 68.81 million rupees last year, resulting in a loss after taxation of 386.86 million rupees, up from 192.02 million rupees. This translates to a loss per share of 1.62 rupees, compared to 0.80 rupees in the same quarter last year.
The financial results indicate a very large or significant move in the company's financial performance, reflecting substantial challenges in managing rising costs and financial expenses despite increased turnover. The results provide insight into the company's financial health, highlighting areas of concern in its financial management and cost control.