Consolidated profit after taxation of Supernet Technologies Limited rose 4.81 percent year on year to Rs. 130.61 million for the quarter ended September 30, 2026, compared with Rs. 124.61 million in the same period last year. Basic and diluted earnings per share (EPS) increased 1.37 percent to Rs. 0.74 from Rs. 0.73 in the corresponding quarter of last year. The growth came from an 87.23 percent cut in finance costs, a slight rise in gross profit and a lower levy. Higher administrative and distribution costs, a decline in operating profit and a heavier tax charge partly offset these gains, so the final increase in profit is modest.
Net revenue fell 4.56 percent to Rs. 1.79 billion from Rs. 1.87 billion. Cost of revenue declined faster, by 6.84 percent, to Rs. 1.28 billion from Rs. 1.38 billion, which lifted gross profit 1.72 percent to Rs. 507.40 million from Rs. 498.83 million. Administrative and other expenses increased 20.85 percent to Rs. 190.61 million from Rs. 157.72 million, while distribution costs rose 15.70 percent to Rs. 72.55 million from Rs. 62.70 million. The loss allowance for expected credit losses fell 20.32 percent to Rs. 14.55 million from Rs. 18.26 million, and net other expenses declined 9.91 percent to Rs. 3.37 million from Rs. 3.75 million.
Total expenses grew 15.94 percent to Rs. 281.08 million from Rs. 242.42 million. As a result, operating profit fell 11.74 percent to Rs. 226.32 million from Rs. 256.41 million. Finance costs plunged 87.23 percent to Rs. 5.38 million from Rs. 42.13 million, which provided significant relief. Profit before taxation and levy grew 3.11 percent to Rs. 220.94 million from Rs. 214.29 million, and the levy fell 39.97 percent to Rs. 24.82 million from Rs. 41.35 million. These changes together took profit before taxation up 13.41 percent to Rs. 196.12 million from Rs. 172.94 million.
Taxation rose 35.56 percent to Rs. 65.51 million from Rs. 48.33 million, and this absorbed part of the gains and left profit after taxation at Rs. 130.61 million. The results show a company whose sales were lower during the quarter, but whose costs of revenue fell by more, and whose borrowing costs dropped sharply, so that profit still grew. The rise in administrative and distribution expenses reduced the benefit, and the larger tax charge meant that the increase in profit after taxation, at 4.81 percent, was smaller than the increase in profit before taxation, which was 13.41 percent.
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