⚡ Flash Summary

Service Industries Limited (SRVI) held a corporate briefing session for its Annual Audited Accounts for the year ended December 31, 2024, and Interim Accounts for the period ended September 30, 2025. Driven by strong market demand and operational excellence, the Group delivered an 18.1% revenue growth till Q3 FY-2025 vs – Q3 FY-2024, achieving Rs. 109 billion (USD 388 million) in sales. The company cemented its status as Pakistan’s largest Tyre & Tube exporter with exports exceeding Rs. 17 billion (USD 61 million) till Q3 FY-2025. SIL’s free float shares are 23,459,109 out of a total paid up share capital of 46,987,454, which make up 49.93%.

📌 Key Takeaways

• 🚀 Group revenue grew by 18.1% to Rs. 109 billion (USD 388 million) in Q3 FY25 compared to Q3 FY24.
• 👟 Footwear exports reached Rs. 15.1 billion (USD 54 million) till Q3 FY25.
• 🌍 Servis operates a nationwide network of 284 retail outlets under the flagship brand name “SERVIS”.
• 🤝 Servis contributed PKR 153 Million till 9M FY 2025, versus PKR 110 Million in entire FY-2024.
• 👑 The company is Pakistan’s largest Tyre & Tube exporter.
• 🏭 Production capacity exceeds 24 million tyres and 57 million tubes annually.
• 🌱 Capital expenditures (CAPEX) of Rs. 7 billion (USD 25 million) invested in SLM’s tyre production expansion.
• 🏢 Free float shares represent 49.93% of total paid-up capital as of September 30, 2025.
• 💹 Market capitalization stood at PKR 64.66 billion (USD 230 million) as of September 30, 2025.
• 🔄 SIL has undergone corporate restructuring, operating now as a holding company with investments in SLM, SGFL, STPL, SRPL, SIL Gulf, and SICPL.
• 🤝 Actively pursuing strategic joint venture partnerships to strengthen production capabilities and advance expertise.

🎯 Investment Thesis

Given Servis Industries’ robust financial performance, strong market position, and strategic corporate restructuring, a HOLD recommendation is appropriate. The company’s focus on growth, operational efficiency, and sustainability efforts presents a positive outlook, but potential risks warrant a cautious approach. A price target revision will depend on future earnings growth and market conditions.