Supernet Technologies Limited has reported a phenomenal surge in financial performance for the nine months ended March 31, 2026, with consolidated net profit climbing more than fourfold to Rs333.68 million compared to a restated Rs81.01 million in the corresponding period last year, representing a 312 percent increase. Earnings per share, both basic and diluted, skyrocketed to Rs2.89 from Rs0.74 in the nine months of fiscal year 2025, reflecting the scale of the bottom-line transformation the company has undergone over the past year.
The primary driver of this exceptional profitability was a near-threefold expansion in the company’s top line. Net revenue surged 178 percent year-on-year to Rs5.72 billion from Rs2.06 billion, an increase of scale that substantially outpaced the 169 percent rise in cost of services to Rs4.34 billion. The resulting gross profit climbed 207 percent to Rs1.38 billion compared to Rs448.98 million in the prior year period, delivering a gross margin expansion that provided the foundation for strong bottom-line growth even as operating expenses scaled rapidly to support the company’s growth. Administrative and other expenses rose 183 percent to Rs517.51 million and distribution costs increased 259 percent to Rs225.37 million as the business expanded its operational footprint, while expected credit losses rose 151 percent to Rs49.64 million and other income fell sharply by 90 percent to Rs13.73 million. The company did benefit from a positive exchange gain of Rs3.54 million, a turnaround from a loss in the prior year period.
Despite the heavy increase in operating costs and the drop in secondary income, operating profit still rose 94 percent to Rs604.02 million on the strength of gross margin expansion. Below the operating line, the company found significant relief in debt servicing, with finance costs falling 55 percent to Rs50.86 million from Rs114.16 million in nine months of fiscal year 2025. Profit before taxation reached Rs483.03 million after accounting for a Rs70.13 million levy, and after absorbing a 78 percent higher taxation expense of Rs149.35 million, Supernet Technologies closed the nine-month period with a net profit of Rs333.68 million. On a quarterly basis, the company posted revenue of Rs2.13 billion and profit after tax of Rs158 million in the third quarter alone, reflecting sustained momentum in its core business verticals. Total consolidated assets as of March 31, 2026 stood at Rs6.16 billion, with shareholders’ equity reaching Rs2.49 billion. The Board of Directors, at its meeting held on April 30, 2026, did not recommend any cash dividend, bonus shares, or right shares for the period, opting instead to retain capital in support of the company’s continued growth trajectory.
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