SOLID SECONDARY LISTING
The LMD 100’s Second Board paints an image of resilience and restoration
On the finish of June, the Colombo Inventory Alternate (CSE) comprised 286 firms – categorised as 20 World Trade Classification Commonplace (GICS) trade teams – with a collective market capitalisation of Rs. 6,438 billion.
The annual version of the LMD 100, also referred to as the ‘First Board,’ ranks Sri Lanka’s main 100 listed firms primarily based on reported income. Complementing it, the LMD 100 ‘Second Board’ options the following 50 corporates ranked on the identical standards.
In monetary yr 2024/25, Singer Finance (Lanka) tops the LMD 100 Second Board with an annual revenue of 9.7 billion rupees, marking a powerful climb of seven positions from its 2023/24 rating.
The monetary leasing entity reported a post-tax revenue of 852 million rupees, greater than doubling its earlier yr’s revenue after tax (PAT) of Rs. 404 million, reflecting robust development momentum and sustained operational efficiency.
Agstar claims the second spot on the LMD 100 Second Board, climbing a powerful 10 notches from 12th place within the earlier yr. The corporate reported a high line of 9.5 billion rupees (a considerable enhance of 24%).
Senkadagala Finance secured third place within the newest annual rankings, marking a gradual rise from fourth place on the Second Board of the LMD 100 in 2024/25. The monetary providers firm achieved a commendable 11 % enhance in income – from Rs. 8.5 billion to 9.5 billion rupees – reflecting a constant efficiency.
In fourth place is Sierra Cables, which superior from seventh place within the previous monetary yr. The corporate reported a 14 % rise in revenue to Rs. 9.2 billion in 2024/25, up from 8.1 billion rupees within the prior interval.
Finishing the highest 5 of the LMD 100 Second Board are Eden Resort Lanka and Palm Backyard Lodges, each recording a powerful 30 % surge in income. Their high strains grew from Rs. 6.9 billion in 2023/24 to 9 billion rupees within the newest monetary yr.
Lanka Ashok Leyland takes seventh place on the secondary itemizing with a exceptional leap from 35th place final yr: the corporate’s turnover rose by 67 % (from Rs. 5.4 billion to 9 billion rupees) within the 2024/25 monetary yr.
Capital Alliance drops to the Second Board this yr, having beforehand ranked at 96th on the First Board. The corporate is positioned at eighth, reporting a revenue after tax of Rs. 4,421 million – a decline of 68 % in comparison with 13 million rupees within the earlier yr.
In the meantime, HDFC Financial institution of Sri Lanka drops from 79th on the First Board in 2023/24 to say ninth place on the Second Board in 2024/25. The financial institution recorded an annual revenue of Rs. 8.5 billion, marking a decline from 14.5 billion rupees within the earlier monetary yr. This displays a 41 % fall in its high line.
Rounding up the highest 10 within the secondary itemizing of LMD 100 entities is Service provider Financial institution of Sri Lanka & Finance, which slips from fifth place on the Second Board within the 2023/24 monetary yr. The corporate reported a marginal one % dip in income, which fell from Rs. 8.3 billion to eight.2 billion rupees this yr.
The cumulative revenue of the most recent LMD 100 Second Board exceeds Rs. 334 billion, reflecting a 5 % enhance from the earlier yr’s 317 billion rupees.
Within the 2024/25 monetary yr, cumulative post-tax earnings rose by 27 %, climbing from Rs. 25.9 billion to 32.8 billion rupees.
What’s extra, whole belongings noticed a considerable appreciation of 18 %, rising from practically Rs. 903 billion to 1,065 billion rupees. And moreover, shareholders’ funds expanded by eight %, surpassing Rs. 347 billion throughout the interval below overview.
The 2024/25 LMD 100 Second Board welcomes 4 new entrants – particularly Digital Mobility Options Lanka, Madulsima Plantations, Sarvodaya Growth Finance and PMF Finance.
In the meantime, three entities have been displaced from the LMD 100 Second Board in 2024/25 – viz. Asiri Surgical Hospital, Dankotuwa Porcelain and Namunukula Plantations.
The LMD 100 Second Board for monetary yr 2024/25 showcases a powerful illustration from the meals, beverage and tobacco sector, which encompasses 19 entities. Furthermore, the diversified monetary sector accounts for 9 representatives whereas client providers has 4 and capital items three.
Supplies, utilities, insurance coverage, client durables and attire, households and private merchandise, and actual property have two representatives every. And banks, retailing and transportation is represented by one entity on the Second Board.
FOOTNOTE Public firms integrated below the Firms Act No. 7 of 2007 or every other statutory company – integrated or established below the legal guidelines of Sri Lanka or every other state (topic to trade management approval) – are eligible to hunt an inventory on the CSE to lift debt or fairness. Firms needing to be admitted to the official listing of the trade and safe an inventory of their securities are required to adjust to the related provisions of the above act and the Securities & Alternate Fee Act No. 36 of 1987 (as amended) and Itemizing Guidelines of the Alternate.
