Lahore: Sitara Petroleum Service Limited announced its financial results for the nine months and quarter ending March 31, 2026, following a board meeting held on June 11, 2026. The company reported substantial growth in profits, yet decided not to declare any dividends for the period.
The company’s sales for the nine months ending March 31, 2026, stood at 106.42 billion rupees, a noticeable rise from the 85.82 billion rupees reported for the same period in 2025. This increase in sales led to a gross profit of 6.67 billion rupees, compared to 3.93 billion rupees in the previous year, signifying a very large or significant move in profitability.
For the quarter ending March 31, 2026, sales were recorded at 33.81 billion rupees, up from 31.55 billion rupees in the same quarter of 2025. The gross profit for this period was 2.64 billion rupees, as opposed to 1.68 billion rupees previously, indicating another very large or significant move.
The company managed to achieve a profit before taxation of 5.51 billion rupees for the nine-month period, compared to 2.99 billion rupees last year. After accounting for tax provisions, the profit for the year settled at 4.41 billion rupees, a substantial increase from 2.32 billion rupees in 2025.
Despite these gains, Sitara Petroleum’s board opted for a ‘NIL’ dividend recommendation. The decision aligns with the company’s strategic focus on reinvestment and strengthening its financial position.
According to information available from the Pakistan Stock Exchange (PSX), Sitara Petroleum’s earnings per share rose to 3.15 rupees for the nine-month period, compared to 1.66 rupees in the previous year. The quarterly earnings per share also saw an upturn, reaching 1.21 rupees from 0.81 rupees.
The company’s financial documentation, including the Condensed Interim Financial Statements, will be released separately and can be accessed on their official website. The reports will also be transmitted through the Pakistan Unified Corporate Action Reporting System (PUCARS) within the prescribed timeframe.
Sitara Petroleum’s decision to withhold dividends, despite significant profit growth, indicates a focus on maintaining robust cash reserves and potentially funding future growth initiatives within the designated market category.