Supernet Technologies Limited (PSX: STL) reported a phenomenal 4.1x surge in its consolidated net profit for the nine months ended March 31, 2026, reaching Rs333.68 million compared to a restated Rs81.01 million in the corresponding period last year. Earnings per share (EPS) skyrocketed to Rs2.89 from Rs0.74 in 9MFY25.
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The primary catalyst for this exceptional profitability was an explosive expansion in the company’s top line. STL’s net revenue posted a staggering 2.8x year-on-year increase, surging to Rs5.72 billion from Rs2.06 billion.
| Metric | 9MFY26 | 9MFY25 | Change |
|---|---|---|---|
| Net Profit | Rs333.68m | Rs81.01m | +312% |
| Earnings Per Share (EPS) | Rs2.89 | Rs0.74 | +291% |
| Net Revenue | Rs5.72bn | Rs2.06bn | +178% |
| Gross Profit | Rs1.38bn | Rs448.98m | +207% |
| Operating Profit | Rs604.02m | Rs311.38m | +94% |
| Finance Costs | Rs50.86m | Rs114.16m | -55% |
Revenue and Margin Performance
While the cost of services also grew significantly by 2.7x to Rs4.34 billion, the sheer volume of revenue growth easily outpaced these direct costs. Consequently, the company secured a spectacular expansion in its gross profit, which climbed to Rs1.38 billion compared to Rs448.98 million in the prior year, representing a 207% increase.
| Expense Category | 9MFY26 | 9MFY25 | Change |
|---|---|---|---|
| Administrative & Other Expenses | Rs517.51m | Rs182.78m | +183% |
| Distribution Costs | Rs225.37m | Rs62.77m | +259% |
| Expected Credit Losses | Rs49.64m | Rs19.82m | +151% |
| Other Income | Rs13.73m | Rs135.37m | -90% |
| Exchange Gain | Rs3.54m | (Rs7.61m) loss | — |
Operating Performance
On the operational front, overheads grew rapidly to support the massive scale-up in operations. Despite the heavy surge in operating expenses and a sharp 90% plunge in other income, the sheer strength of the gross margin expansion drove the operating profit up by 94% to Rs604.02 million.
Finance Costs and Bottom Line
Below the operating line, Supernet found substantial relief in its debt servicing. Finance costs plummeted by 55%, dropping to Rs50.86 million from Rs114.16 million in 9MFY25. Propelled by expanding gross margins and slashed finance costs, profit before taxation surged to Rs483.03 million (after accounting for a Rs70.13 million levy).
The company then absorbed a 78% higher taxation expense of Rs149.35 million. Despite this higher tax burden, the phenomenal top-line and pre-tax gains allowed Supernet Technologies to securely close the nine-month period with a massive leap in its final net profit, settling at Rs333.68 million.
About Supernet Technologies Limited
Supernet Technologies Limited (PSX: STL) is a Pakistan-based company engaged in technology and investment activities, providing satellite communications, ICT infrastructure, cybersecurity, and digital services. The company has been expanding its footprint with international projects, including satellite connectivity deployments in Africa and the Middle East.
