Highnoon Labs profit rises 3% to around Rs2bn in 1HCY26

Highnoon Laboratories reported a 3% rise in profit after tax for the half year ended June 30, 2026, reaching Rs1.78bn compared with Rs1.74bn a year earlier, according to Mettis Global. Basic and diluted earnings per share rose to Rs33.66 from Rs32.75 in the same period last year. The result reflected growth in both revenue and gross profit.

Net revenue rose 6% to Rs13.98bn from Rs13.19bn, while cost of revenue slipped marginally to Rs5.92bn. That left gross profit up 11% at Rs8.07bn, against Rs7.26bn previously. Distribution, selling and promotional expenses increased 11% to Rs4.04bn, and other operating expenses jumped 53% to Rs290.95m.

Profit from operations grew 11% to Rs2.92bn, while other income fell 30% to Rs161.10m. Finance cost declined 10% to Rs53.14m, lifting profit before tax 8% to Rs3.03bn. Taxation climbed 16% to Rs1.24bn, absorbing part of the pre-tax gain and holding net profit growth to 3%.