Karachi: Sindh Modaraba, a financial services entity, has released its quarterly financial report for the period ending September 30, 2026. The report, dated October 19, 2026, highlights various financial metrics and compares them with the previous quarter and the same quarter last year.
The company’s total assets stood at approximately 3.25 billion rupees, showing a minor decrease from 3.26 billion rupees recorded in June 2026. Non-current assets decreased to 624.25 million rupees from 868.17 million rupees, while current assets rose to 2.63 billion rupees from 2.39 billion rupees in the previous quarter, indicating a strategic shift in asset allocation.
Income from diminishing musharaka, a key revenue stream for the company, was recorded at 67.58 million rupees, up from 65.17 million rupees in the same quarter last year. Meanwhile, income from Morabaha financing saw a significant increase to 26.83 million rupees from 5.55 million rupees, contributing to the overall revenue growth.
Administrative and operating expenses rose to 31.78 million rupees from 25.58 million rupees in the corresponding quarter of the previous year. Despite the increase in expenses, the net reversal of provisions against financing assets grew to 3.40 million rupees from 2.62 million rupees, providing some relief to the bottom line.
According to information available from the Pakistan Stock Exchange (PSX), Sindh Modaraba’s profit for the quarter was 52.47 million rupees, marking a big move from 36.39 million rupees recorded in the same quarter of 2025. Earnings per certificate improved to 1.17 rupees, compared to 0.81 rupees a year earlier.
The report detailed that investment income also increased to 17.22 million rupees from 9.68 million rupees, and other income, though reduced, remained at 256,683 rupees compared to 467,387 rupees.
Sindh Modaraba’s total equity amounted to 3.08 billion rupees, a slight decline from 3.09 billion rupees reported in the previous quarter. The company's liabilities, both current and non-current, rose modestly to 169.25 million rupees from 166.31 million rupees.
The company’s management emphasized its commitment to navigating the challenging economic landscape and optimizing its financial strategies to sustain growth and profitability.