Biafo Industries Q1 profit falls 35% to Rs101m

Biafo Industries’ profit after tax fell 34.75% year on year to Rs100.74 million in the quarter ended September 30, 2026, Mettis Global reported. Earnings per share also decreased, from Rs3.33 to Rs2.17. Revenue contracted 22.57% to Rs865.39 million, while gross profit dropped 39.21% to Rs265.66 million as sales costs declined less sharply than revenue.

Lower distribution expenses and finance costs helped limit the decline, but did not offset the weaker revenue and gross margin. Distribution expenses fell 78.52% to Rs18.12 million and finance costs were down 75.17% to Rs6.38 million, while administrative expenses increased 10.93% to Rs75.23 million. Operating profit decreased 35.38% to Rs176.31 million, and a 23.62% reduction in income tax left quarterly profit at Rs100.74 million.