Diamond Industries Limited: performance and outlook

Business Recorder published a profile of Diamond Industries Limited (DIIL), a Pakistani firm incorporated in 1989 that makes foam and PVA items for home and industrial users. As of June 30, 2025, its 9 million shares were held by 271 shareholders, with associated companies and related parties controlling 40.83 percent. The local general public held 30.66 percent, while directors, the CEO and their spouses and minor children owned 19.0389 percent.

According to Business Recorder, net sales climbed to Rs1785.56 million in 2022 after production restarted in 2021, but they fell 46.24 percent in 2023 amid weak demand and import restrictions on raw materials. Operations were suspended in the second half of 2023, and no net sales were booked in 2024. In 2025 the company shut its foam business and sold semi-finished foam materials at deeply discounted prices, which left a net loss of Rs153.76 million.

For the nine months of the current fiscal year, net sales reached Rs361.09 million after production resumed on January 1, 2026, and the company posted a net profit of Rs27.449 million, with earnings per share of Rs3.05. That compares with a net loss of Rs151.348 million in the same period last year. The report adds that DIIL leased a Multan Road unit from an associated concern to make mattresses, furniture and allied products, and plans to grow operations with backing from sponsors and associated undertakings.