Profits at Singer (Sri Lanka) PLC, the country’s leading consumer durables retailer, surged 77.5 percent to Rs.2.39 billion in the March 2026 quarter, lifted by sharp growth in home appliances and financial services, the company’s interim financial statements showed.
Group revenue for the three months ending March 31 rose 47 percent to Rs.35.7 billion from Rs.24.2 billion a year earlier. Cost of sales increased 41 percent to Rs.21.9 billion, and gross profit jumped 56 percent to Rs.11.8 billion. Operating profit surged 89 percent to Rs.4.9 billion.
Earnings per share came in at Rs.2.05 for the quarter, up from Rs.1.15 in the corresponding period a year earlier.
Segment performance drove the result. Home appliances profit before tax more than doubled, rising 164 percent to Rs.1.86 billion. Financial services PBT was Rs.1.82 billion, up 77 percent. Digital products PBT reached Rs.559.2 million, against Rs.259.9 million in the prior-year quarter.
The strong bottom line came despite a sharp rise in the impairment loss on trade and other receivables, which climbed to Rs.455.4 million for the quarter from Rs.62.1 million a year earlier — a 7-fold increase that signals greater stress on consumer credit at a moment when the rupee has slid to a record selling rate of Rs.340.67 and import costs are rising.
Singer shares last traded at Rs.76.20 at end-March, more than double the Rs.33.80 last-traded price in the corresponding period a year earlier. Shares closed at Rs.77.20 on Tuesday, down 2.89 percent on the day.
The result follows Singer’s Rs.630 million acquisition of the Acme factory in Piliyandala earlier in the cycle and is the first Q1 2026 quarterly result for the group.
