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Modarabas

SINDM Sindh Modaraba

Latest results: FY2026 · Jun 2026

Last close · 16 Oct 2026

Rs 50.46 +9.41%

Quarterly · Q1 FY2022 – Q4 FY2026

Sindh Modaraba (SINDM) quarterly income statement

Sindh Modaraba reported revenue of Rs 114.6 mn for Q4 FY2026 (Apr – Jun 2026), up 40.0% on Q4 FY2025. Tax of Rs 23.7 mn took 32.5% of pre-tax profit. Profit attributable to shareholders was Rs 49.2 mn, up 32.0% on Q4 FY2025, or Rs 1.10 per share.

SINDM income statement (quarterly) (Rs mn)
Rs mn TTM to Jun 2026 Q4 FY2026 Apr – Jun 2026 Q3 FY2026 Jan – Mar 2026 Q2 FY2026 Oct – Dec 2025 Q1 FY2026 Jul – Sep 2025 Q4 FY2025 Apr – Jun 2025 Q3 FY2025 Jan – Mar 2025 Q2 FY2025 Oct – Dec 2024 Q1 FY2025 Jul – Sep 2024 Q4 FY2024 Apr – Jun 2024 Q3 FY2024 Jan – Mar 2024 Q2 FY2024 Oct – Dec 2023 Q1 FY2024 Jul – Sep 2023 Q4 FY2023 Apr – Jun 2023 Q3 FY2023 Jan – Mar 2023 Q2 FY2023 Oct – Dec 2022 Q1 FY2023 Jul – Sep 2022 Q4 FY2022 Apr – Jun 2022 Q3 FY2022 Jan – Mar 2022 Q2 FY2022 Oct – Dec 2021 Q1 FY2022 Jul – Sep 2021
Revenue 363.4 114.6 95.7 72.6 80.4 81.9 76.7 85.4 97.9 100.7 104.1 103.1 99.5 79.8 73.2 65.5 61.3 51.3 40.4 37.4 37.8
Operating expenses (131.3) (40.2) (38.8) (23.1) (29.1) (24.0) (25.0) (28.0) (28.4) (35.3) (20.9) (20.9) (23.7) (20.1) (19.7) (28.0) (17.3) (25.8) (15.1) (13.9) (11.5)
Profit before tax 230.5 72.9 56.9 49.5 51.2 57.9 51.7 57.4 69.4 65.4 83.2 82.2 75.8 59.7 53.4 37.5 44.0 25.5 25.2 23.5 26.4
Taxation (69.2) (23.7) (20.4) (10.3) (14.9) (20.6) (15.0) (0.5) (20.1) (35.7) (24.1) (23.4) (22.0) (25.1) (15.5) (10.8) (12.8) (12.6) (7.3) (6.8) (7.7)
Profit after tax 161.3 49.2 36.6 39.2 36.4 37.3 36.7 56.9 49.3 29.7 59.0 58.8 53.8 34.6 37.9 26.6 31.2 12.9 17.9 16.7 18.7
Profit attributable to shareholders 161.3 49.2 36.6 39.2 36.4 37.3 36.7 56.9 49.3 29.7 59.0 58.8 53.8 34.6 37.9 26.6 31.2 12.9 17.9 16.7 18.7
Per share
EPS – basic (Rs) Rs 3.59 1.10 0.81 0.87 0.81 0.83 0.82 1.26 1.10 0.66 1.31 1.31 1.20 0.77 0.84 0.59 0.69 0.28 0.40 0.37 0.42
Dividend per share (Rs) Rs 1.40 1.40 0.00 0.00 0.00 1.35 0.00 0.00 0.00 1.25 0.00 0.00 0.00 1.25 0.00 0.00 0.00 1.20 0.00 0.00 0.00
SINDM income statement — year-on-year change (Rs mn)
Rs mn Q4 FY2026 Apr – Jun 2026 Q3 FY2026 Jan – Mar 2026 Q2 FY2026 Oct – Dec 2025 Q1 FY2026 Jul – Sep 2025 Q4 FY2025 Apr – Jun 2025 Q3 FY2025 Jan – Mar 2025 Q2 FY2025 Oct – Dec 2024 Q1 FY2025 Jul – Sep 2024 Q4 FY2024 Apr – Jun 2024 Q3 FY2024 Jan – Mar 2024 Q2 FY2024 Oct – Dec 2023 Q1 FY2024 Jul – Sep 2023 Q4 FY2023 Apr – Jun 2023 Q3 FY2023 Jan – Mar 2023 Q2 FY2023 Oct – Dec 2022 Q1 FY2023 Jul – Sep 2022 Q4 FY2022 Apr – Jun 2022 Q3 FY2022 Jan – Mar 2022 Q2 FY2022 Oct – Dec 2021 Q1 FY2022 Jul – Sep 2021
Revenue +40.0% +24.9% -15.0% -17.8% -18.7% -26.3% -17.2% -1.6% +26.2% +42.2% +57.5% +62.4% +55.3% +81.2% +74.9% +61.8% +56.4% +23.6% +11.4% -3.3%
Operating expenses +67.6% +55.4% -17.4% +2.5% -32.0% +19.5% +33.8% +19.8% +75.8% +5.9% -25.2% +37.3% -22.3% +30.3% +101.2% +50.9% +54.5% -4.0% -0.5% -28.2%
Profit before tax +25.9% +10.1% -13.8% -26.2% -11.5% -37.8% -30.2% -8.4% +9.6% +55.6% +119.3% +72.3% +133.8% +111.6% +59.3% +66.6% +58.3% +49.3% +20.0% +13.9%
Taxation +14.9% +35.8% +1,823.5% -26.2% -42.2% -37.8% -97.7% -8.4% +42.2% +55.6% +116.1% +72.3% +99.4% +111.6% +58.8% +66.6% — — — —
Profit after tax +32.0% -0.4% -31.1% -26.2% +25.4% -37.8% -3.3% -8.4% -14.1% +55.6% +120.5% +72.3% +167.3% +111.6% +59.6% +66.6% -19.7% +6.0% -14.8% -19.1%
Profit attributable to shareholders +32.0% -0.4% -31.1% -26.2% +25.4% -37.8% -3.3% -8.4% -14.1% +55.6% +120.5% +72.3% +167.3% +111.6% +59.6% +66.6% -19.7% +6.0% -14.8% -19.1%
Per share
EPS – basic (Rs) +31.8% -1.2% -31.0% -26.4% +25.5% -37.4% -3.5% -8.0% -13.7% +56.0% +120.5% +72.3% +169.7% +110.0% +59.6% +66.6% -20.5% +6.4% -14.8% -19.1%
Dividend per share (Rs) +3.7% — — — +8.0% — — — 0.0% — — — +4.2% — — — +20.0% — — —

Change against the same quarter a year earlier; shown when the earlier figure is positive.

SINDM income statement — common size (Rs mn)
Rs mn Q4 FY2026 Apr – Jun 2026 Q3 FY2026 Jan – Mar 2026 Q2 FY2026 Oct – Dec 2025 Q1 FY2026 Jul – Sep 2025 Q4 FY2025 Apr – Jun 2025 Q3 FY2025 Jan – Mar 2025 Q2 FY2025 Oct – Dec 2024 Q1 FY2025 Jul – Sep 2024 Q4 FY2024 Apr – Jun 2024 Q3 FY2024 Jan – Mar 2024 Q2 FY2024 Oct – Dec 2023 Q1 FY2024 Jul – Sep 2023 Q4 FY2023 Apr – Jun 2023 Q3 FY2023 Jan – Mar 2023 Q2 FY2023 Oct – Dec 2022 Q1 FY2023 Jul – Sep 2022 Q4 FY2022 Apr – Jun 2022 Q3 FY2022 Jan – Mar 2022 Q2 FY2022 Oct – Dec 2021 Q1 FY2022 Jul – Sep 2021
Revenue 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0%
Operating expenses (35.1%) (40.5%) (31.9%) (36.3%) (29.3%) (32.6%) (32.8%) (29.1%) (35.0%) (20.1%) (20.3%) (23.9%) (25.2%) (27.0%) (42.8%) (28.2%) (50.3%) (37.5%) (37.2%) (30.3%)
Profit before tax 63.6% 59.5% 68.1% 63.7% 70.7% 67.4% 67.2% 70.9% 65.0% 79.9% 79.7% 76.1% 74.8% 73.0% 57.2% 71.8% 49.7% 62.5% 62.8% 69.7%
Taxation (20.7%) (21.3%) (14.2%) (18.5%) (25.2%) (19.6%) (0.6%) (20.6%) (35.4%) (23.2%) (22.7%) (22.1%) (31.5%) (21.2%) (16.5%) (20.8%) (24.5%) (18.1%) (18.2%) (20.2%)
Profit after tax 42.9% 38.2% 54.0% 45.3% 45.5% 47.9% 66.6% 50.4% 29.5% 56.7% 57.0% 54.1% 43.4% 51.9% 40.7% 51.0% 25.2% 44.4% 44.6% 49.5%
Profit attributable to shareholders 42.9% 38.2% 54.0% 45.3% 45.5% 47.9% 66.6% 50.4% 29.5% 56.7% 57.0% 54.1% 43.4% 51.9% 40.7% 51.0% 25.2% 44.4% 44.6% 49.5%

Each line as a percentage of revenue.

Figures in Pakistani rupees as reported by the company; costs and cash outflows in brackets; "—" = not reported. TTM = the latest four quarters added together. Updated 17 Oct 2026.

All reported line items 81
SINDM income statement — all reported line items (Rs mn)
Rs mn Q4 FY2026 Apr – Jun 2026 Q3 FY2026 Jan – Mar 2026 Q2 FY2026 Oct – Dec 2025 Q1 FY2026 Jul – Sep 2025 Q4 FY2025 Apr – Jun 2025 Q3 FY2025 Jan – Mar 2025 Q2 FY2025 Oct – Dec 2024 Q1 FY2025 Jul – Sep 2024 Q4 FY2024 Apr – Jun 2024 Q3 FY2024 Jan – Mar 2024 Q2 FY2024 Oct – Dec 2023 Q1 FY2024 Jul – Sep 2023
Investment Income - Gross - Investment 9.9 18.6 8.4 9.7 14.4 17.3 37.7 55.1 56.1 49.9 49.1 44.8
Interest Income - Investment 9.9 18.6 8.4 9.7 14.4 17.3 37.7 55.1 56.1 49.9 49.1 44.8
Revenue from Business-Related Activities - Other - Total 104.8 77.1 64.2 70.7 67.5 59.4 47.7 42.8 44.5 54.1 54.1 54.7
Revenue from Business Activities - Total 114.6 95.7 72.6 80.4 81.9 76.7 85.4 97.9 100.7 104.1 103.1 99.5
Selling, General & Administrative Expenses - Total 38.5 34.0 33.4 31.4 27.6 29.2 28.0 29.3 23.2 27.0 25.2 23.8
Selling, General & Administrative Expenses - Unclassified 30.1 27.6 27.1 25.4 20.9 23.2 21.3 21.2 15.4 17.3 15.6 15.0
Depreciation in Selling, General & Administrative Expenses — — 0.8 0.2 0.2 0.2 0.2 0.3 0.3 0.3 0.3 0.3
Amortization of Intangibles in Selling, General & Administrative Expenses — — 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Other Operating Expense/(Income) - Net 0.8 0.7 0.6 0.4 (2.5) (2.9) 23.9 0.9 1.2 1.2 1.1 1.0
Other Operating Income - Total 0.5 0.3 0.2 0.5 3.5 3.8 0.4 0.2 0.4 0.0 0.2 0.1
Operating Expenses - Total 40.2 38.8 23.1 29.1 24.0 25.0 28.0 28.4 35.3 20.9 20.9 23.7
Provision & Impairment for Loan Losses 0.9 4.1 (10.9) (2.6) (1.1) (1.3) (23.8) (1.8) 10.8 (7.3) (5.3) (1.1)
Labor & Related Expenses including Stock-Based Compensation in Selling, General & Administrative Expenses 8.4 6.4 5.6 5.8 6.5 5.8 6.5 7.8 7.5 9.4 9.3 8.5
Operating Profit before Non-Recurring Income/(Expense) 74.4 56.9 49.5 51.2 57.9 51.7 57.4 69.4 65.4 83.2 82.2 75.8
Other Operating Expense — — — — — — 23.3 — — — — —
Operating Provisions - Increase/(Decrease) 1.3 1.0 0.8 0.9 1.0 0.9 1.0 1.2 1.7 1.2 1.2 1.1
Other Non-Operating Income/(Expense) - Total (1.5) — — — — — — — — — — —
Normalized Pre-tax Profit 72.9 56.9 49.5 51.2 57.9 51.7 57.4 69.4 65.4 83.2 82.2 75.8
Provision for Income Tax Expense- Unclassified 23.7 20.4 10.3 14.9 20.6 15.0 0.5 20.1 35.7 24.1 23.4 22.0
Income before Taxes 72.9 56.9 49.5 51.2 57.9 51.7 57.4 69.4 65.4 83.2 82.2 75.8
Income Taxes 23.7 20.4 10.3 14.9 20.6 15.0 0.5 20.1 35.7 24.1 23.4 22.0
Net Income after Tax 49.2 36.6 39.2 36.4 37.3 36.7 56.9 49.3 29.7 59.0 58.8 53.8
Income before Discontinued Operations & Extraordinary Items 49.2 36.6 39.2 36.4 37.3 36.7 56.9 49.3 29.7 59.0 58.8 53.8
Net Income before Minority Interest 49.2 36.6 39.2 36.4 37.3 36.7 56.9 49.3 29.7 59.0 58.8 53.8
Net Income after Minority Interest 49.2 36.6 39.2 36.4 37.3 36.7 56.9 49.3 29.7 59.0 58.8 53.8
Income Available to Common Shares 49.2 36.6 39.2 36.4 37.3 36.7 56.9 49.3 29.7 59.0 58.8 53.8
DPS - Common - Gross - Issue - By Period End Date Rs 1.40 0.00 0.00 0.00 1.35 0.00 0.00 0.00 1.25 0.00 0.00 0.00
Net Income - Basic - including Extraordinary Items Applicable to Common - Total 49.2 36.6 39.2 36.4 37.3 36.7 56.9 49.3 29.7 59.0 58.8 53.8
Income available to Common excluding Extraordinary Items 49.2 36.6 39.2 36.4 37.3 36.7 56.9 49.3 29.7 59.0 58.8 53.8
Shares used to calculate Basic EPS - Total mn 44.9 45.1 45.0 44.9 44.8 44.8 45.1 44.8 44.9 45.1 45.0 45.0
EPS - Basic - including Extraordinary Items Applicable to Common - Total Rs 1.10 0.81 0.87 0.81 0.83 0.82 1.26 1.10 0.66 1.31 1.31 1.20
EPS - Basic - excluding Extraordinary Items Applicable to Common - Total Rs 1.10 0.81 0.87 0.81 0.83 0.82 1.26 1.10 0.66 1.31 1.31 1.20
EPS - Basic - excluding Extraordinary Items - Normalized - Total Rs 1.10 0.81 0.87 0.81 0.83 0.82 1.26 1.10 0.66 1.31 1.31 1.20
Allocated Net Income including Extraordinary Items Applicable to Common - Issue Specific 49.2 36.6 39.2 36.4 37.3 36.7 56.9 49.3 29.7 59.0 58.8 53.8
Earnings Allocation Factor - Basic - Issue Specific 1.00× 1.00× 1.00× 1.00× 1.00× 1.00× 1.00× 1.00× 1.00× 1.00× 1.00× 1.00×
Shares used to calculate Basic EPS - Issue Specific mn 44.9 45.1 45.0 44.9 44.8 44.8 45.1 44.8 44.9 45.1 45.0 45.0
EPS - Basic - including Extraordinary Items Applicable to Common - Issue Specific Rs 1.10 0.81 0.87 0.81 0.83 0.82 1.26 1.10 0.66 1.31 1.31 1.20
EPS - Basic - excluding Extraordinary Items Applicable to Common - Issue Specific Rs 1.10 0.81 0.87 0.81 0.83 0.82 1.26 1.10 0.66 1.31 1.31 1.20
EPS - Basic - excluding Extraordinary Items - Normalized - Issue Specific Rs 1.10 0.81 0.87 0.81 0.83 0.82 1.26 1.10 0.66 1.31 1.31 1.20
EPS - Basic from Discontinued Operations & Extraordinary Items Rs 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Income - Diluted - including Extraordinary Items Applicable to Common - Total 49.2 36.6 39.2 36.4 37.3 36.7 56.9 49.3 29.7 59.0 58.8 53.8
Diluted Income available to Common excluding Extraordinary Items 49.2 36.6 39.2 36.4 37.3 36.7 56.9 49.3 29.7 59.0 58.8 53.8
Shares used to calculate Diluted EPS - Total mn 44.9 243.7 45.0 44.9 44.8 44.8 45.1 44.8 44.9 45.1 45.0 45.0
EPS - Diluted - including Extraordinary Items Applicable to Common - Total Rs 1.10 0.15 0.87 0.81 0.83 0.82 1.26 1.10 0.66 1.31 1.31 1.20
EPS - Diluted - excluding Extraordinary Items Applicable to Common - Total Rs 1.10 0.15 0.87 0.81 0.83 0.82 1.26 1.10 0.66 1.31 1.31 1.20
EPS - Diluted - excluding Extraordinary Items - Normalized - Total Rs 1.10 0.15 0.87 0.81 0.83 0.82 1.26 1.10 0.66 1.31 1.31 1.20
Allocated Diluted Net Income including Extraordinary Items Applicable to Common - Issue Specific 49.2 36.6 39.2 36.4 37.3 36.7 56.9 49.3 29.7 59.0 58.8 53.8
Earnings Allocation Factor - Diluted - Issue Specific 1.00× 1.00× 1.00× 1.00× 1.00× 1.00× 1.00× 1.00× 1.00× 1.00× 1.00× 1.00×
Shares used to calculate Diluted EPS - Issue Specific mn 44.9 243.7 45.0 44.9 44.8 44.8 45.1 44.8 44.9 45.1 45.0 45.0
EPS - Diluted - including Extraordinary Items Applicable to Common - Issue Specific Rs 1.10 0.15 0.87 0.81 0.83 0.82 1.26 1.10 0.66 1.31 1.31 1.20
EPS - Diluted - excluding Extraordinary Items Applicable to Common - Issue Specific Rs 1.10 0.15 0.87 0.81 0.83 0.82 1.26 1.10 0.66 1.31 1.31 1.20
EPS - Diluted - excluding Extraordinary Items - Normalized - Issue Specific Rs 1.10 0.15 0.87 0.81 0.83 0.82 1.26 1.10 0.66 1.31 1.31 1.20
EPS - Diluted from Discontinued Operations & Extraordinary Items Rs 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
DPS - Common - Gross - Issue - By Announcement Date Rs 0.00 0.00 0.00 1.35 0.00 0.00 0.00 1.25 0.00 0.00 0.00 1.25
DPS - Common - Net - Issue - By Announcement Date Rs 0.00 0.00 0.00 1.22 0.00 0.00 0.00 1.13 0.00 0.00 0.00 1.13
Earnings before Interest & Taxes (EBIT) 74.4 56.9 49.5 51.2 57.9 51.7 57.4 69.4 65.4 83.2 82.2 75.8
Earnings before Interest, Taxes, Depreciation & Amortization (EBITDA) 75.5 58.0 50.2 51.4 58.1 51.9 57.6 69.7 65.7 83.4 82.4 76.1
Depreciation & Amortization - Supplemental — — 0.8 0.2 0.2 0.2 0.2 0.3 0.3 0.3 0.3 0.3
Depreciation Expense - Total - Supplemental — — 0.8 0.2 0.2 0.2 0.2 0.3 0.3 0.3 0.3 0.3
Amortization - Total - Supplemental — — 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Intangible Amortization - Other - Supplemental — — 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Amortization of Computer Software - Supplemental — — 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Depreciation, Depletion & Amortization - Total 1.1 1.1 0.8 0.2 0.2 0.2 0.2 0.3 0.3 0.3 0.3 0.3
Depreciation - Total 1.0 1.1 0.8 0.2 0.2 0.2 0.2 0.3 0.3 0.3 0.3 0.3
Amortization of Intangible Assets excluding Goodwill - Total 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Islamic Income 104.8 77.1 64.2 70.7 67.5 59.4 47.7 42.8 44.5 54.1 54.1 54.7
Normalized after Tax Profit 49.2 36.6 39.2 36.4 37.3 36.7 56.9 49.3 29.7 59.0 58.8 53.8
Normalized Net Income from Continuing Operations 49.2 36.6 39.2 36.4 37.3 36.7 56.9 49.3 29.7 59.0 58.8 53.8
Normalized Net Income - Bottom Line 49.2 36.6 39.2 36.4 37.3 36.7 56.9 49.3 29.7 59.0 58.8 53.8
Earnings before Interest & Taxes (EBIT) - Normalized 72.9 56.9 49.5 51.2 57.9 51.7 57.4 69.4 65.4 83.2 82.2 75.8
Earnings before Interest, Taxes, Depreciation & Amortization (EBITDA) - Normalized 74.0 58.0 50.2 51.4 58.1 51.9 57.6 69.7 65.7 83.4 82.4 76.1
Operating Expenses 40.2 38.8 23.1 29.1 24.0 25.0 28.0 28.4 35.3 20.9 20.9 23.7
Selling, General & Administrative Expenses excluding Research & Development Expenses 38.5 34.0 33.4 31.4 27.6 29.2 28.0 29.3 23.2 27.0 25.2 23.8
Income before Taxes & Provision for Loan Losses 73.8 61.0 38.6 48.6 56.8 50.4 33.6 67.6 76.2 75.9 76.9 74.6
DPS - Common - Gross - Issue - By Payable Date Rs 0.00 0.00 1.35 0.00 0.00 0.00 1.25 0.00 0.00 0.00 1.25 0.00
DPS - Common - Gross - Issue - By Ex Date Rs 0.00 0.00 1.35 0.00 0.00 0.00 1.25 0.00 0.00 0.00 1.25 0.00
Tax Adjusted Operating Income 49.2 36.6 39.2 36.4 37.3 36.7 56.9 49.3 29.7 59.0 58.8 53.8
Operating Expenses excluding Non-Cash Charges - Total 39.1 37.7 22.4 29.0 23.8 24.7 27.8 28.2 35.0 20.6 20.7 23.4
Income Available to Common Shares before Depreciation & Amortization 50.3 37.6 39.9 36.6 37.5 36.9 57.1 49.5 30.0 59.3 59.0 54.1
Estimated Tax Rate 0.29× 0.29× 0.29× 0.29× 0.29× 0.29× 0.29× 0.29× 0.29× 0.29× 0.29× 0.29×
Total Common & Spl DPS -Gross - Issue - By Announcement Date Rs 0.00 0.00 0.00 1.35 0.00 0.00 0.00 1.25 0.00 0.00 0.00 1.25

Every line the company reported, in the original order and wording, without regrouping or signs changed. Latest 12 periods; the table above goes back further.