Oct 28, 2026, 8:46 AM
Waves Home Appliances reports quarterly profit growth as sales decline
Financial ResultThe board approved unaudited results for the quarter ended 30 September 2026. Compared with the same quarter last year, net sales and gross profit declined, while operating profit, profit for the period and EPS increased. No cash dividend, bonus, rights or other entitlement was declared.
Key Findings
- Quarterly net sales were Rs. 705.017 million, down from Rs. 789.276 million.
- Profit for the period increased to Rs. 108.853 million from Rs. 105.560 million; EPS rose to Rs. 0.41 from Rs. 0.39.
- Operating profit increased to Rs. 231.703 million from Rs. 192.728 million, while gross profit decreased to Rs. 170.868 million from Rs. 213.532 million.
- No cash dividend, bonus, rights or other entitlement was declared.
Financial Performance
| Metric | PreviousQuarter ended 30 September 2025 | CurrentQuarter ended 30 September 2026 | Change |
|---|---|---|---|
| Sales - net | 789,276 | 705,017 | -10.7% |
| Gross profit | 213,532 | 170,868 | -20% |
| Profit from operations | 192,728 | 231,703 | +20.2% |
| Profit for the period | 105,560 | 108,853 | +3.1% |
| Earnings per share - basic and diluted | 0.39 | 0.41 | +5.1% |
| Finance costs | (82,211) | (110,466) | -34.4% |
| Cash and bank balances | 17,968 | 522,052 | +2,805.5% |
| Short term borrowings | 691,749 | 443,866 | -35.8% |
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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.