Apr 29, 2026, 9:12 AM
Dadex Eternit posts 3Q FY2026 loss of Rs49.6m; board recommends no dividend
Financial ResultDadex Eternit Limited announced board-approved financial results on 2026-04-28. Using the quarter-ended columns for March 31, 2026 as required, the company reported net sales of Rs295.1 million, gross profit of Rs11.1 million, operating loss of Rs28.5 million, and net loss of Rs49.6 million versus a net loss of Rs67.6 million in the same quarter last year. The board recommended nil cash dividend, nil bonus shares, and nil right shares.
Key Findings
- Quarter-ended net sales rose to Rs295.135 million from Rs213.143 million year-on-year.
- Gross profit improved to Rs11.077 million from Rs8.542 million.
- Operating loss narrowed to Rs28.494 million from Rs36.686 million.
- Net loss improved to Rs49.637 million from Rs67.552 million; EPS was negative Rs4.61 versus negative Rs6.28.
- Balance-sheet cash and bank balances increased to Rs682.321 million as of March 31, 2026, while short-term borrowings declined to Rs126.605 million from Rs651.426 million at June 30, 2025.
Financial Performance
| Metric | PreviousQuarter ended March 31, 2025 | CurrentQuarter ended March 31, 2026 | Change |
|---|---|---|---|
| Sales - net | 213,143 | 295,135 | +38.5% |
| Gross profit | 8,542 | 11,077 | +29.7% |
| Operating (loss) / profit | (36,686) | (28,494) | +22.3% |
| Net loss for the period | (67,552) | (49,637) | +26.5% |
| Earnings per share - basic and diluted | (6.28) | (4.61) | +26.6% |
| Finance costs | (25,463) | (14,387) | -43.5% |
| Cash and bank balances | 23,017 | 682,321 | +2,864.4% |
| Short-term borrowings | 651,426 | 126,605 | -80.6% |
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Highlights summarize the key points from the company's official PSX filing. View the original filing for the complete details before making financial decisions.