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Sugar & Allied Industries

SML Shakarganj Limited

Latest results: FY2025 · Sep 2025

Last close · 15 Oct 2026

Rs 92.66 0.00%

Annual · FY2006 – FY2025

Shakarganj Limited (SML) income statement

Shakarganj Limited reported revenue of Rs 14.0 bn for FY2025 (Oct 2024 – Sep 2025), down 35.8% on FY2024. Gross profit came to -Rs 1.3 bn, a gross margin of -9.6%. Operating profit was -Rs 2.9 bn (an operating margin of -20.5%). Finance cost was Rs 166.9 mn, down 56.5% on FY2024. The loss attributable to shareholders was Rs 2.6 bn, or Rs -21.17 per share.

SML income statement (annual) (Rs bn)
Rs bn FY2025 Oct 2024 – Sep 2025 FY2024 Oct 2023 – Sep 2024 FY2023 Oct 2022 – Sep 2023 FY2022 Oct 2021 – Sep 2022 FY2021 Oct 2020 – Sep 2021
Revenue 14.0 21.8 24.6 30.3 27.0
Cost of revenue (15.3) (22.2) (22.4) (27.5) (25.2)
Gross profit (1.3) (0.4) 2.2 2.9 1.8
Selling, general & administrative expenses (1.4) (1.7) (2.0) (2.6) (2.2)
Operating profit (2.9) (2.3) 0.4 0.4 (0.4)
Finance cost (0.2) (0.4) (0.4) (0.3) (0.5)
Profit before tax (3.4) (3.1) (0.2) (0.3) (0.9)
Taxation 0.3 0.1 (0.2) 0.2 (0.5)
Profit after tax (3.1) (3.0) (0.4) (0.2) (1.5)
Profit attributable to shareholders (2.6) (2.9) (0.5) (0.2) (1.5)
Per share & other
EPS – basic (Rs) Rs (21.17) (23.52) (4.92) (1.69) (12.18)
EPS – diluted (Rs) Rs (21.17) (23.52) (4.92) (1.69) (12.18)
Dividend per share (Rs) Rs 0.00 0.00 0.00 0.00 0.00
EBITDA (1.8) (1.1) 1.7 1.8 0.6
Depreciation & amortisation 1.1 1.2 1.3 1.4 0.9
Weighted average shares mn 125.0 125.0 106.0 125.0 125.0
SML income statement — year-on-year change (Rs mn)
Rs mn FY2025 Oct 2024 – Sep 2025 FY2024 Oct 2023 – Sep 2024 FY2023 Oct 2022 – Sep 2023 FY2022 Oct 2021 – Sep 2022 FY2021 Oct 2020 – Sep 2021
Revenue -35.8% -11.4% -18.8% +12.2% +26.1%
Cost of revenue -30.9% -0.7% -18.6% +8.8% +21.0%
Gross profit — -117.7% -21.3% +59.8% +215.7%
Selling, general & administrative expenses -15.5% -13.6% -23.8% +15.8% -1.9%
Operating profit — -619.9% +14.6% — —
Finance cost -56.5% -5.7% +21.9% -28.5% -0.8%
Profit before tax — — — — —
Taxation — -140.4% — -133.1% —
Profit after tax — — — — —
Profit attributable to shareholders — — — — —
Per share & other
EPS – basic (Rs) — — — — —
EPS – diluted (Rs) — — — — —
Dividend per share (Rs) — — — — —
EBITDA — -164.1% -2.8% +223.0% +766.6%
Depreciation & amortisation -6.0% -9.5% -7.6% +53.5% -7.4%
Weighted average shares — — — — —

Change against the previous fiscal year; shown when the earlier figure is positive.

SML income statement — common size (Rs mn)
Rs mn FY2025 Oct 2024 – Sep 2025 FY2024 Oct 2023 – Sep 2024 FY2023 Oct 2022 – Sep 2023 FY2022 Oct 2021 – Sep 2022 FY2021 Oct 2020 – Sep 2021
Revenue 100.0% 100.0% 100.0% 100.0% 100.0%
Cost of revenue (109.6%) (101.8%) (90.9%) (90.6%) (93.4%)
Gross profit (9.6%) (1.8%) 9.1% 9.4% 6.6%
Selling, general & administrative expenses (10.2%) (7.8%) (8.0%) (8.5%) (8.2%)
Operating profit (20.5%) (10.4%) 1.8% 1.3% (1.3%)
Finance cost (1.2%) (1.8%) (1.7%) (1.1%) (1.7%)
Profit before tax (24.3%) (14.1%) (0.9%) (1.1%) (3.4%)
Taxation 2.0% 0.4% (0.9%) 0.6% (2.0%)
Profit after tax (22.2%) (13.6%) (1.8%) (0.5%) (5.4%)
Profit attributable to shareholders (18.9%) (13.5%) (2.1%) (0.7%) (5.6%)
Per share & other
EBITDA (12.6%) (5.1%) 7.0% 5.9% 2.0%
Depreciation & amortisation 7.8% 5.4% 5.2% 4.6% 3.4%

Each line as a percentage of revenue.

Figures in Pakistani rupees as reported by the company; costs and cash outflows in brackets; "—" = not reported. Updated 15 Oct 2026.

All reported line items 165
SML income statement — all reported line items (Rs bn)
Rs bn FY2025 Oct 2024 – Sep 2025 FY2024 Oct 2023 – Sep 2024 FY2023 Oct 2022 – Sep 2023 FY2022 Oct 2021 – Sep 2022 FY2021 Oct 2020 – Sep 2021
Revenue from Goods & Services 14.0 21.8 24.6 30.3 27.0
Sales of Goods & Services - Net - Unclassified — — 24.6 30.3 1.4
Sales Returns, Allowances & Other Revenue Adjustments — — — — 2.9
Revenue Taxes 2.4 2.0 — — 2.9
Gross Revenue from Business Activities - Total 16.4 23.8 — — 31.4
Revenue from Business Activities - Total 14.0 21.8 24.6 30.3 27.0
Cost of Operating Revenue 15.3 22.2 22.4 27.5 25.2
Cost of Revenues - Total 15.3 22.2 22.4 27.5 25.2
Cost of Revenues - Unclassified 4.3 6.4 21.1 26.1 —
Selling, General & Administrative Expenses - Total 1.4 1.7 2.0 2.6 2.2
Production Taxes & Royalty Expenses — — — — —
Selling, General & Administrative Expenses - Unclassified 1.4 1.7 1.9 2.5 1.0
Amortization in Cost of Revenues — — — — —
Depreciation in Cost of Revenues 1.1 1.1 1.3 1.4 0.9
Depreciation in Selling, General & Administrative Expenses 0.0 0.0 0.0 0.0 0.0
Labor & Related Expenses including Stock-Based Compensation in Cost of Revenues — — — — 0.8
Amortization of Intangibles in Selling, General & Administrative Expenses 0.0 0.0 0.0 0.0 0.0
Material Expenses 10.0 14.7 — — 15.9
Other Operating Expense/(Income) - Net 0.1 0.2 (0.2) (0.1) (0.1)
Changes in Inventory — — — — —
Other Operating Income - Total — — 0.3 0.1 0.2
Materials Purchased 10.0 14.7 — — 15.8
Ground leases/Rental Expenses in Cost of Revenues — — — — 0.1
Cost of Revenues - Other - Total — — — — 7.7
Gross Profit - Industrials/Property - Total (1.3) (0.4) 2.2 2.9 1.8
Operating Expenses - Total 16.9 24.1 24.2 29.9 27.4
Labor & Related Expenses including Stock-Based Compensation in Selling, General & Administrative Expenses — — — — 0.7
Research & Development Expense — — — — 0.0
Selling, General & Administrative Expenses - Other - Total — — — — 0.5
Advertising Expense — — — — 0.4
Operations & Maintenance (Utility) — — — — 0.0
Rental Expense — — — — 0.0
Operating Profit before Non-Recurring Income/(Expense) (2.9) (2.3) 0.4 0.4 (0.4)
Financing Income/(Expense) - Net - Total (0.5) (0.8) (0.8) (0.7) (0.6)
Interest Expense - Net of (Interest Income) 0.2 0.4 0.4 0.3 0.5
Other Operating Expense — — 0.2 0.0 0.1
Interest Expense - Net of Capitalized Interest 0.2 0.4 0.4 0.3 0.5
Operating Provisions - Increase/(Decrease) — — — — —
Provision for Doubtful Accounts & Write-off — — — — 0.0
Non-Interest Financial Income/(Expense) - Total (0.4) (0.4) (0.4) (0.4) (0.1)
Non-Interest Financial Income/(Expense) - Other - Net (0.4) (0.4) (0.4) (0.4) (0.1)
Sale of Tangible & Intangible Fixed Assets - Gain/Loss 0.1 0.1 0.1 0.0 0.0
Equity Earnings/(Loss) - before Taxes including Non-Recurring — — — — —
Other Non-Operating Income/(Expense) - Total (0.1) (0.1) 0.0 — 0.0
Non-Operating Rental Income — — 0.0 — 0.0
Foreign Exchange Gain/(Loss) - Non-Business — — — — 0.0
Normalized Pre-tax Profit (3.4) (3.1) (0.2) (0.3) (0.9)
Non-Recurring Income/Expense - Total 0.0 (0.0) (0.0) (0.0) (0.0)
Impairment - Tangible & Intangible Fixed Assets — — — — —
Impairment - Fixed Assets — — — — —
Interest Income - Non-Bank — — — — 0.0
Impairment - Intangibles excluding Goodwill — — — — —
Interest Expense on Capital Financing - Gross — — — — —
Dividend & Investment Income — — — — —
Sale of Investments Held for Sale, Maturity & Trading - Gain/(Loss) — — — — —
Fair Value Adjustments - Financial Investments — — — — —
Derivatives - Hedging - Realized Gain/(Loss) — — — — —
Non-Recurring Income/(Expense) - Other - Total — — — — —
Provision for Income Tax Expense- Unclassified (0.3) (0.1) 0.2 (0.2) —
Income before Taxes (3.4) (3.1) (0.2) (0.3) (0.9)
Income Taxes (0.3) (0.1) 0.2 (0.2) 0.5
Impairment - Goodwill — — — — —
Income Taxes for the Year - Current — — — — 0.4
Income Taxes - Domestic - Current — — — — 0.4
Income Taxes - Other (KFAS/NLST) - Current — — — — 0.0
Income Taxes - Deferred — — — — 0.2
Income Taxes - Other - Deferred — — — — —
Income Taxes - Other (by Type) — — — — —
Fair Value Adjustments - Biological Assets 0.0 (0.0) (0.0) (0.0) (0.0)
Net Income after Tax (3.1) (3.0) (0.4) (0.2) (1.5)
Income before Discontinued Operations & Extraordinary Items (3.1) (3.0) (0.4) (0.2) (1.5)
Net Income before Minority Interest (3.1) (3.0) (0.4) (0.2) (1.5)
Minority Interest (0.5) (0.0) 0.1 0.1 0.1
Net Income after Minority Interest (2.6) (2.9) (0.5) (0.2) (1.5)
Income Available to Common Shares (2.6) (2.9) (0.5) (0.2) (1.5)
Extraordinary Activities - after Tax - Gain/(Loss) — — — — —
Discontinued Operations - Net of Taxes - Total - Income/(Expense) — — — — —
Other Comprehensive Income - Starting Line — — — — (1.5)
Discontinued Operations - Net - Income/(Expense) — — — — —
Other Comprehensive Income - Unrealized Investment Gain/(Loss) — — — — (0.0)
Other Comprehensive Income - Revaluation of Tangible & Intangible Assets — — — — 5.9
Other Comprehensive Income - Associated Companies — — — — —
Other Comprehensive Income - Pension Related — — — — (0.0)
Other Comprehensive Income - Net of Tax - Total — — — — 5.9
Comprehensive Income before Minority Interest - Total — — — — 4.4
Comprehensive Income - Attributable to Minority Interest - Total — — — — 0.1
Comprehensive Income - Attributable to Parent Company Equity Holders - Total — — — — 4.4
DPS - Common - Gross - Issue - By Period End Date Rs 0.00 0.00 0.00 0.00 0.00
Net Income - Basic - including Extraordinary Items Applicable to Common - Total (2.6) (2.9) (0.5) (0.2) (1.5)
Income available to Common excluding Extraordinary Items (2.6) (2.9) (0.5) (0.2) (1.5)
Shares used to calculate Basic EPS - Total mn 125.0 125.0 106.0 125.0 125.0
EPS - Basic - including Extraordinary Items Applicable to Common - Total Rs (21.17) (23.52) (4.92) (1.69) (12.18)
EPS - Basic - excluding Extraordinary Items Applicable to Common - Total Rs (21.17) (23.52) (4.92) (1.69) (12.18)
EPS - Basic - excluding Extraordinary Items - Normalized - Total Rs (21.17) (23.51) (4.91) (1.59) (12.14)
Allocated Net Income including Extraordinary Items Applicable to Common - Issue Specific (2.6) (2.9) (0.5) (0.2) (1.5)
Earnings Allocation Factor - Basic - Issue Specific 1.00× 1.00× 1.00× 1.00× 1.00×
Shares used to calculate Basic EPS - Issue Specific mn 125.0 125.0 106.0 125.0 125.0
EPS - Basic - including Extraordinary Items Applicable to Common - Issue Specific Rs (21.17) (23.52) (4.92) (1.69) (12.18)
EPS - Basic - excluding Extraordinary Items Applicable to Common - Issue Specific Rs (21.17) (23.52) (4.92) (1.69) (12.18)
EPS - Basic - excluding Extraordinary Items - Normalized - Issue Specific Rs (21.17) (23.51) (4.91) (1.59) (12.14)
EPS - Basic from Discontinued Operations & Extraordinary Items Rs 0.00 0.00 0.00 0.00 0.00
Comprehensive Earnings Per Share - Basic - Issue Specific Rs — — — — 34.81
Dilution Adjustment — — — — —
Net Income - Diluted - including Extraordinary Items Applicable to Common - Total (2.6) (2.9) (0.5) (0.2) (1.5)
Diluted Income available to Common excluding Extraordinary Items (2.6) (2.9) (0.5) (0.2) (1.5)
Shares used to calculate Diluted EPS - Total mn 125.0 125.0 106.0 125.0 125.0
EPS - Diluted - including Extraordinary Items Applicable to Common - Total Rs (21.17) (23.52) (4.92) (1.69) (12.18)
EPS - Diluted - excluding Extraordinary Items Applicable to Common - Total Rs (21.17) (23.52) (4.92) (1.69) (12.18)
EPS - Diluted - excluding Extraordinary Items - Normalized - Total Rs (21.17) (23.51) (4.91) (1.59) (12.14)
Allocated Diluted Net Income including Extraordinary Items Applicable to Common - Issue Specific (2.6) (2.9) (0.5) (0.2) (1.5)
Earnings Allocation Factor - Diluted - Issue Specific 1.00× 1.00× 1.00× 1.00× 1.00×
Shares used to calculate Diluted EPS - Issue Specific mn 125.0 125.0 106.0 125.0 125.0
EPS - Diluted - including Extraordinary Items Applicable to Common - Issue Specific Rs (21.17) (23.52) (4.92) (1.69) (12.18)
EPS - Diluted - excluding Extraordinary Items Applicable to Common - Issue Specific Rs (21.17) (23.52) (4.92) (1.69) (12.18)
EPS - Diluted - excluding Extraordinary Items - Normalized - Issue Specific Rs (21.17) (23.51) (4.91) (1.59) (12.14)
EPS - Diluted from Discontinued Operations & Extraordinary Items Rs 0.00 0.00 0.00 0.00 0.00
Comprehensive Earnings Per Share - Diluted - Issue Specific Rs — — — — 34.81
DPS - Common - Gross - Issue - By Announcement Date Rs 0.00 0.00 0.00 0.00 0.00
DPS - Common - Net - Issue - By Announcement Date Rs 0.00 0.00 0.00 0.00 0.00
Earnings before Interest & Taxes (EBIT) (2.9) (2.3) 0.4 0.4 (0.4)
Earnings before Interest, Taxes, Depreciation & Amortization (EBITDA) (1.8) (1.1) 1.7 1.8 0.6
Earnings before Interest, Taxes, Depreciation & Amortization (EBITDA) and Operating Lease Payments — — — — 0.7
Depreciation & Amortization - Supplemental 1.1 1.1 1.3 1.4 0.9
Depreciation Expense - Total - Supplemental 1.1 1.1 1.3 1.4 0.9
Depreciation - Financial Lease Right-of-Use Assets - Supplemental 0.0 0.0 0.1 0.1 0.1
Amortization - Total - Supplemental 0.0 0.0 0.0 0.0 0.0
Intangible Amortization - Other - Supplemental 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
Depreciation, Depletion & Amortization - Total 1.1 1.2 1.3 1.4 0.9
Depreciation - Total 1.1 1.2 1.3 1.4 0.9
Amortization of Intangible Assets including Goodwill - Total — — — — —
Amortization of Intangible Assets excluding Goodwill - Total 0.0 0.0 0.0 0.0 0.0
Labor & Related Expenses - Total — — — — 1.5
Labor & Related Expenses - Supplemental — — — — 1.5
Research & Development Expense - Expensed & Capitalized - Total - Supplemental — — — — 0.0
Research & Development Expense - Supplemental — — — — 0.0
Auditor Fees — — — — —
Audit-Related Fees — — — — —
Fees - Other — — — — —
Normalized after Tax Profit (3.1) (3.0) (0.4) (0.1) (1.5)
Normalized Net Income from Continuing Operations (3.1) (3.0) (0.4) (0.1) (1.5)
Normalized Net Income - Bottom Line (2.6) (2.9) (0.5) (0.2) (1.5)
Earnings before Interest & Taxes (EBIT) - Normalized (3.2) (2.7) 0.2 0.0 (0.5)
Earnings before Interest, Taxes, Depreciation & Amortization (EBITDA) - Normalized (2.1) (1.5) 1.5 1.4 0.4
Depreciation of Financial Lease Right-of-Use Assets 0.0 0.0 0.1 0.1 0.1
Interest Expense on Financial Lease Liabilities - Supplemental 0.0 0.0 0.0 — 0.1
Derivatives - Hedging - Gain/(Loss) - Total - Supplemental — — — — —
Rental/Operating Lease Expense — — — — 0.1
Advertising Expenses - Supplemental — — — — 0.4
Derivatives - Hedging - Realized Gain/(Loss) - Total - Supplemental — — — — —
Interest Expense 0.2 0.4 0.4 0.3 0.5
Operating Expenses 16.9 24.1 24.2 29.9 27.4
Selling, General & Administrative Expenses excluding Research & Development Expenses 1.4 1.7 2.0 2.6 2.2
Income before Taxes & Provision for Loan Losses (3.4) (3.1) (0.2) (0.3) (0.9)
Cost of Revenue including Operation & Maintenance (Utility) - Total 15.3 22.2 22.4 27.5 25.3
Cost of Revenues excluding Depreciation 14.3 21.1 21.1 26.1 24.4
Generation Cost — — — — 25.3
DPS - Common - Gross - Issue - By Payable Date Rs 0.00 0.00 0.00 0.00 0.00
DPS - Common - Gross - Issue - By Ex Date Rs 0.00 0.00 0.00 0.00 0.00
Tax Adjusted Operating Income — — — — —
Operating Expenses excluding Non-Cash Charges - Total 15.8 22.9 22.9 28.5 26.5
Income Available to Common Shares before Depreciation & Amortization (1.6) (1.8) 0.8 1.2 (0.6)
Fixed Charges 0.2 0.4 0.4 0.3 0.5
Estimated Tax Rate 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 0.00 0.00

Every line the company reported, in the original order and wording, without regrouping or signs changed.