Karachi: Shield Corporation Limited has released its financial results for the period ending March 31, 2026, revealing a significant decline in profits compared to the previous year. The announcement was made following a Board of Directors meeting on April 28, 2026.

For the nine months ending March 31, 2026, the company reported a net sales figure of approximately 2.00 billion rupees, a decrease from the 2.36 billion rupees recorded during the same period in 2025. The cost of sales also decreased, amounting to 1.41 billion rupees, down from 1.77 billion rupees the previous year. Consequently, the gross profit for the period stood at 591.35 million rupees, slightly above the 590.36 million rupees reported in 2025.

The financial statement showed that selling and distribution expenses decreased to 460.48 million rupees from 491.06 million rupees, and administrative and general expenses also saw a reduction, recorded at 49.65 million rupees compared to 50.04 million rupees in the prior year. Despite these reductions, Shield Corporation Limited posted a loss before income tax of 3.84 million rupees for the nine months ending March 31, 2026, a reversal from the 195.76 million rupees profit reported in the corresponding period of 2025.

According to information available from the Pakistan Stock Exchange (PSX), the company’s loss for the period totaled 8.86 million rupees, a stark contrast to the 188.73 million rupees profit achieved in the same timeframe last year. This resulted in a loss per share of 2.27 rupees, a dramatic shift from the earnings per share of 48.39 rupees in 2025.

The company’s assets as of March 31, 2026, totaled 2.17 billion rupees, a decrease from 2.24 billion rupees as of June 30, 2025. The current assets were reported at 931.43 million rupees, down from 960.62 million rupees, while non-current assets showed a slight increase to 1.24 billion rupees from 1.23 billion rupees.

The Board of Directors has recommended no cash dividend, bonus shares, or right shares for the period. The quarterly report for the period ending March 31, 2026, is set to be transmitted separately through PUCARS within the designated timeframe.

In the designated market category, Shield Corporation Limited’s financial results underscore a challenging period for the company, as it navigates a significant downturn in profitability and revenue amidst reduced operational expenses.