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Cargills (Ceylon) March quarter profit jumps 31-pct to Rs.2.63bn | EconomyNext

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ECONOMYNEXT – John Keells Holdings (JKH), Sri Lanka’s largest listed conglomerate, noticed its income surge 218 p.c to six.31 billion rupees for the quarter ended March 31, 2026, led by retail, transportation, and leisure. 

Consolidated income for the three-month interval rose 62 p.c to 144.89 billion rupees, up from 89.51 billion rupees within the corresponding interval of the earlier yr. The group’s value of gross sales elevated by 64 p.c to 113.45 billion rupees in the course of the quarter.

The group’s gross revenue jumped 54 p.c to 31.44 billion rupees, whereas group recurring EBITDA noticed a 51 p.c improve to 24.01 billion rupees. 

JKH reported earnings of 0.36 rupees per share for the quarter, a major improve from the 0.12 rupees reported within the earlier yr.

The substantial uplift in profitability in the course of the quarter was primarily pushed by the retail, transportation, and leisure trade teams, with different enterprise segments additionally contributing positively to total development.

Efficiency within the retail trade group was a serious contributor as recurring EBITDA surged 93 p.c to six.60 billion rupees, primarily pushed by the New Vitality Car (NEV) enterprise, John Keells CG Auto (JKCG), which handed over 2,133 autos in the course of the quarter. 

Order momentum for autos rose in direction of the latter a part of the quarter, supported by fuel-related disruptions linked to the Center East battle. 

The Grocery store enterprise additionally supported development with internet same-store gross sales growing 14.2 p.c, pushed by larger footfall and common basket values.

The transportation trade group recorded a 94 p.c improve in recurring EBITDA to 4.15 billion rupees, led by report quarterly volumes at Lanka Marine Providers (LMS) and the Colombo West Container Terminal (CWIT).

LMS achieved its highest-ever quarterly quantity with a 60 p.c development, benefiting from elevated demand ensuing from provide disruptions within the Center East. 

In the meantime, CWIT achieved a constructive revenue forward of expectations in its inaugural yr of operations, with its part one capability reaching full annualized utilization.

Within the leisure and property sectors, the group noticed vital development with leisure recurring EBITDA rising 64 p.c to 7.18 billion rupees, with sturdy showings within the Metropolis of Goals Sri Lanka (CODSL) and Colombo accommodations. 

CODSL benefited from improved occupancy, larger room charges, and glued rental revenue from on line casino operations, although its revenue earlier than tax was impacted by a internet alternate lack of 1.02 billion rupees resulting from rupee depreciation. The property section reported an 86 p.c development in EBITDA to 1.04 billion rupees, pushed by ongoing residential gross sales at Cinnamon Life, VIMAN, and TRI-ZEN.

A last dividend of 0.10 rupees per share for the monetary yr ended March 31, 2026, was introduced. This follows interim dividends totaling 0.25 rupees per share already paid in the course of the monetary yr. 

JKH’s shares for the March quarter final traded at 18.40 rupees in comparison with a final traded value of 20.20 rupees within the earlier yr’s corresponding interval. (Colombo/May26/2026)


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Tags: 31pctCargillsCeylonEconomyNextjumpsMarchprofitQuarterRs.2.63bn
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