It is the current local time right now in Colombo, Dehiwala-Mount Lavinia, Galkissa, Moratuwa, Jaffna and in all Sri Lanka’s cities. 
Sri Lanka’s time zone: +0530 or UTC+05:30

No daylight saving time (DST) in Sri Lanka.

Full name: Democratic Socialist Republic of Sri Lanka
Continent: Asia
Region: Southern Asia
Population: 21,513,990
Area: 65,610 km²
Capital: Colombo
Currency: Rupee (LKR)
Phone code: 94
Domain: .lk
Wikipedia article: Sri Lanka