SLM FY26 profit crosses Rs13bn

Service Long March Tyres Ltd (PSX: SLM) posted a 35 per cent rise in consolidated net profit for the year to June 30, 2026, taking it to Rs13.50bn from Rs10.03bn a year earlier, according to Mettis Global. Basic earnings per share rose to Rs1.827, up from a restated Rs1.399 in FY25, while diluted EPS reached Rs1.822 against Rs1.376. Separately, the firm disclosed a cash payout of Rs0.83 per share.

Revenue from customer contracts jumped 44 per cent to Rs71.71bn, while cost of sales rose 37 per cent to Rs53.56bn, leaving gross profit up 69 per cent at Rs18.15bn. Distribution costs nearly doubled, rising 98 per cent to Rs2.35bn, and administrative expenses went up 28 per cent to Rs1.57bn, lifting operating profit 71 per cent to Rs14.23bn. According to the report, the higher overheads supported greater market activity and a wider distribution network.

Below the operating line, finance costs and other charges fell 33 per cent to Rs752.63m, while other income rose 10 per cent to Rs328.87m. The company recorded a net tax credit of Rs469.38m, whereas the prior year carried a Rs2.92bn tax charge. Despite an 88 per cent rise in other expenses, profit before tax climbed 83 per cent to Rs13.03bn.