Supernet Technologies records nearly five-fold growth in PAT against restated FY25

Supernet Technologies Limited (STL) has announced a remarkable five-fold increase in profit after tax (PAT) for the fiscal year ending June 30, 2026, compared to the restated figures for FY2025. The company's consolidated PAT soared to Rs467 million, a substantial jump from Rs78 million in the previous year. This significant growth is attributed to the merger that came into effect on January 1, 2025, which included SNL's operations from that date.

However, STL has clarified that these restated figures are not directly comparable to the full-year FY2026 results, emphasizing that the reported growth does not represent like-for-like organic growth. The company's financial performance has shown robust improvement, with gross profit rising to Rs1,940 million from Rs894 million in restated FY2025, and gross margin strengthening to 24% from 18.28% in the prior year.

Operating profit also experienced a notable surge to Rs841 million, with operating margin improving to 10.41% from 9.68%. In addition to these financial achievements, STL's board has recommended the first-ever post-merger cash dividend of Re0.25 per share for FY2026. This recommendation comes following the company's strengthened financial position post-merger.

Following the successful completion of the company's rights issue of Rs914.77 million at Rs10 per share, STL has raised the full targeted amount. Despite the challenging business environment influenced by prevailing economic conditions, competitive pressures, and uncertainties in the telecommunications and technology sectors, STL remains confident in its future prospects, as stated by their management.