Apr 30, 2026, 12:04 PM
SERT reports Q3 FY2026 results with lower quarterly loss; no dividend or other corporate action announced
Financial ResultService Industries Textiles Limited announced un-audited financial results for the quarter ended 2026-03-31. The board approved 3rd quarter accounts on 2026-04-30 and recommended no cash dividend, bonus shares, rights shares, or other corporate action. For the selected quarter, sales rose modestly year-on-year while net loss and finance cost improved versus the same quarter last year, though the company remained loss-making.
Key Findings
- Board approved 3rd quarter FY2026 accounts on 2026-04-30.
- No cash dividend, bonus shares, rights shares, or other entitlement/corporate action was announced.
- Quarterly sales increased to Rs. 328,870,123 from Rs. 316,576,933 year-on-year.
- Quarterly net loss narrowed to Rs. 17,916,857 from Rs. 31,328,939.
- Quarterly EPS improved to Rs. (1.30) from Rs. (2.27).
Financial Performance
| Metric | Previous3rd Quarter Ended March 31, 2025 | Current3rd Quarter Ended March 31, 2026 | Change |
|---|---|---|---|
| Sales - net | 316,576,933 | 328,870,123 | +3.9% |
| Gross loss | (14,997,970) | (754,045) | - |
| Operating loss | (25,433,335) | (15,110,237) | - |
| Net loss for the period | (31,328,939) | (17,916,857) | - |
| Loss per share - Basic & Diluted | (2.27) | (1.30) | - |
| Finance cost | (3,163,754) | (1,190,477) | -62.4% |
| Cash and bank balances | 19,660,844 | 24,810,378 | +26.2% |
| Short term borrowings | 21,543,000 | 15,018,001 | -30.3% |
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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.