Service Industries’ 9M profit rises 12% to Rs13bn
MG News | October 26, 2026 at 10:30 AM GMT+05:00
October 26, 2026 (MLN): Consolidated profit after taxation of Service Industries Limited (PSX: SRVI) rose 12.41% year-on-year to Rs13.40bn for the nine months ended September 30, 2026, compared with Rs11.92bn in the same period last year.
Basic and diluted earnings per
share (EPS) increased 7.20% to Rs15.78 from Rs14.72 in the corresponding period
last year.
The growth came from higher
revenue, a 29% rise in gross profit and a lower finance cost. A taxation
charge, against a credit last year, absorbed much of the gain at the pre-tax
level.
Net revenue grew 19.97% to
Rs130.86bn from Rs109.08bn. Cost of sales rose at a slower pace of 17.19% to
Rs98.45bn from Rs84.01bn, lifting gross profit 29.30% to Rs32.41bn from
Rs25.07bn.
Distribution cost increased
12.82% to Rs8.62bn from Rs7.64bn, while administrative expenses rose 26.00% to
Rs4.22bn from Rs3.35bn. Other expenses grew 60.71% to Rs1.55bn from Rs962.03m.
Other income rose 37.09% to Rs1.34bn from Rs979.63m.
As a result, profit from
operations climbed 37.41% to Rs19.37bn from Rs14.09bn.
Finance cost fell 10.21% to
Rs3.67bn from Rs4.08bn, providing further relief. Share of profit in
equity-accounted investee, net of taxation, rose 17.82% to Rs91.73m from
Rs77.85m.
Profit before levy and taxation
rose 56.54% to Rs15.79bn from Rs10.09bn. Levy declined 57.29% to Rs52.02m from
Rs121.80m, taking profit before taxation up 57.93% to Rs15.74bn from Rs9.97bn.
The company booked a taxation
charge of Rs2.34bn, against a taxation credit of Rs1.96bn in the same period
last year, which tempered the bottom-line growth and left profit after taxation
at Rs13.40bn.
|
CONSOLIDATED STATEMENT
OF PROFIT OR LOSS FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2026 (Rs.000) |
|||
|
Description |
2026 |
2025 |
Change (%) |
|
CONTINUING OPERATIONS |
|||
|
REVENUE - net |
130,860,488 |
109,075,918 |
19.97% |
|
COST OF SALES |
(98,450,431) |
(84,010,170) |
17.19% |
|
GROSS PROFIT |
32,410,057 |
25,065,748 |
29.30% |
|
DISTRIBUTION COST |
(8,616,607) |
(7,637,721) |
12.82% |
|
ADMINISTRATIVE EXPENSES |
(4,223,205) |
(3,351,650) |
26.00% |
|
OTHER EXPENSES |
(1,546,113) |
(962,028) |
60.71% |
|
OTHER INCOME |
1,342,941 |
979,634 |
37.09% |
|
PROFIT FROM OPERATIONS |
19,367,073 |
14,093,983 |
37.41% |
|
FINANCE COST |
(3,666,028) |
(4,082,919) |
-10.21% |
|
SHARE OF PROFIT IN
EQUITY ACCOUNTED INVESTEE - NET OF TAXATION |
91,726 |
77,850 |
17.82% |
|
PROFIT BEFORE LEVY AND
TAXATION |
15,792,771 |
10,088,914 |
56.54% |
|
LEVY |
(52,022) |
(121,795) |
-57.29% |
|
PROFIT BEFORE TAXATION |
15,740,749 |
9,967,119 |
57.93% |
|
TAXATION |
(2,336,692) |
1,957,147 |
|
|
PROFIT AFTER TAXATION |
13,404,057 |
11,924,266 |
12.41% |
|
EARNINGS PER SHARE -
BASIC AND DILUTED (RUPEES) |
15.78 |
14.72 |
7.20% |
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