Sitara Chemical profit falls 43% to Rs199m in 1QFY27

Sitara Chemical Industries reported net profit of Rs199m for the first quarter of FY27, down 42.90% from Rs349m a year earlier, Mettis Global reported. Earnings per share declined to Rs9.30 from Rs16.29 for the three months ended September 30, 2026.

Revenue increased 11.98% to Rs8.87bn, but cost of sales rose 12.88%, limiting gross-profit growth to 7.68%. Finance costs climbed 77.18% to Rs618m, while distribution and administrative expenses also increased; a lower tax provision helped moderate the fall in net earnings. The company’s Rs111m levy also contrasted with a Rs3m final tax charge in the corresponding period last year.