Lahore: Sitara Petroleum Service Limited has revealed its financial results for the nine-month period and quarter ending March 31, 2026, demonstrating a substantial increase in profits despite the decision to not declare any dividends. This announcement was made following the Board of Directors’ meeting held on June 11, 2026.
The company’s financial performance for the period shows a notable increase, with sales reaching 106.42 billion rupees, up from 85.82 billion rupees in the previous year. This represents a very large move in sales figures. The company’s gross profit for the period stood at 6.67 billion rupees, compared to 3.93 billion rupees in the same period last year.
According to information available from the Pakistan Stock Exchange (PSX), Sitara Petroleum’s profit before income tax and levy increased to 5.51 billion rupees from 2.99 billion rupees, indicating a significant move. The net profit for the period surged to 4.41 billion rupees from 2.32 billion rupees, marking a very large move in profitability. The earnings per share also rose to 3.15 rupees from 1.66 rupees.
The Board of Directors, however, decided against recommending any dividends for the period. The decision comes as the company focuses on reinvestment and strategic growth initiatives. The comprehensive income for the year, including remeasurements and deferred tax adjustments, added up to 4.40 billion rupees.
The company’s issued, subscribed, and paid-up capital remained at 1.40 billion rupees, with total equity including surplus and unappropriated profit amounting to 8.66 billion rupees as of March 31, 2026. The financial results are set to be disseminated through PUCARS and will be available on the company’s website, ensuring transparency and accessibility for stakeholders.
The market awaits further details on the company’s strategic plans and its impact on future financial outcomes.