Singer (Sri Lanka) achieved a net profit of 2.15 billion rupees in the three months ending June 30, 2026, representing substantial growth driven by increased revenue across multiple business segments.
Singer (Sri Lanka) posted a quarterly profit of 2.15 billion rupees for the period ended June 30, 2026, marking a 43.9 percent increase compared to the same quarter in 2025. The conglomerate's earnings per share rose to 1.84 rupees from 1.28 rupees in the corresponding period of the previous year, reflecting improved operational performance.
The company's strong results were underpinned by a 41 percent surge in group revenue to 38.72 billion rupees, up from 27.55 billion rupees year-on-year. Home appliances emerged as the largest revenue contributor with 13.60 billion rupees, followed by financial services at 7.18 billion rupees. Digital products generated 6.93 billion rupees, while automobile and other segments added 4.72 billion rupees. The remaining revenue came from consumer electronics and furniture, contributing 3.64 billion rupees and 1.63 billion rupees respectively.
Operating profit increased 59 percent to 4.80 billion rupees during the quarter. However, the company faced mounting financial pressures, with direct interest costs rising significantly to 2.37 billion rupees and net finance costs more than doubling to 971.85 million rupees. Tax expenses also climbed 58 percent to 1.23 billion rupees following the profitability gains. Despite these headwinds, the Board declared a first interim dividend of 0.50 rupees per share.
The group's balance sheet showed total assets of 188.80 billion rupees as of June 30, 2026. Interest-bearing loans and borrowings reached 80.32 billion rupees across current and non-current liabilities, while bank overdrafts increased to 3.91 billion rupees. Share trading activity reflected market confidence, with shares closing at 77.50 rupees, up 0.78 percent.
