Supernet Technologies Profit Jumps Nearly 500% After Merger

Supernet Technologies Limited (STL) announced a staggering 500% increase in profit after tax for the year ending June 30, 2026, compared to the restated FY2025 figures. Consolidated profit rose to Rs. 467 million, up from Rs. 78 million, while earnings per share climbed to Rs. 4.03 from Rs. 1.39. Revenue expanded to Rs. 8.08 billion from Rs.

4.89 billion. The company credited the merger, effective January 1, 2025, for the performance boost, noting enhanced integration of its expanded operations, operational efficiency, and cost optimization. Gross profit jumped to Rs. 1.94 billion, with a gross margin of 24%, up from 18.28%. Operating profit increased to Rs. 841 million, with an operating margin of 10.41%, compared to 9.68% in the previous year.

STL's Board approved a first post-merger cash dividend of Rs. 0.25 per share for FY2026, reflecting improved earnings and financial strength. On a standalone basis, STL's revenue reached Rs. 5.73 billion, with profit after tax at Rs. 288 million, a turnaround from a loss of Rs. 83 million in the restated FY2025. Earnings per share grew to Rs.

2.68 from a loss of Rs. 1.55. In FY2026, STL completed a Rs. 914.77 million rights issue, funding its working capital, larger projects, and growth initiatives. Despite a challenging business environment marked by economic conditions, competitive pressures, and sector uncertainties, STL remains focused on its expansion plans.