CPPL 1QFY27 profit jumps over 9-fold

MG News | October 30, 2026 at 10:15 AM GMT+05:00

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October 30, 2026 (MLN): Cherat Packaging Limited (PSX: CPPL) reported an 9.5x surge in its net profit for the first quarter ended September 30, 2026 (1QFY27 / 3MFY27), reaching Rs154.43m compared to Rs16.16m in the corresponding period of the previous fiscal year.

Reflecting this sharp bottom-line expansion, basic and diluted earnings per share (EPS) for the three-month period climbed over nine-fold to Rs3.15, up from Re0.33 recorded in 3MFY26.

The primary catalyst driving earnings was a 29% expansion in top-line net turnover alongside solid margin expansion.

Net turnover rose to Rs4.36bn from Rs3.37bn in 3MFY26. With cost of sales increasing at a slower pace of 20% to Rs3.75bn (up from Rs3.13bn), gross profit surged to Rs606.66m compared to Rs234.95m in the comparative quarter.

Consequently, the company's gross profit margin expanded to 13.92% from 6.97% in 3MFY26.

On the operational side, overheads expanded as distribution costs grew 25% to Rs102.69m (up from Rs82.15m), administrative expenses rose 30% to Rs64.99m, and other expenses stood at Rs17.02m.

Total operating overheads rose 34% to Rs184.69m. Supported by other income of Rs10.02m (up 13% from Rs8.83m), operating profit surged to Rs431.98m compared to Rs105.63m in the prior-year period.

Below the operating line, finance costs climbed 2.3x to Rs186.85m compared to Rs80.84m in 3MFY26.

Profit before levies and income tax jumped nearly ten-fold to Rs245.13m from Rs24.78m.

Minimum tax charges dropped 86% to Rs5.56m against Rs40.45m, swinging profit before income tax to Rs239.57m compared to a pre-tax loss of Rs15.66m in 3MFY26.

Following a total income tax charge of Rs85.14m (comprising current tax of Rs62.77m and deferred tax of Rs22.37m, swinging from a net tax credit of Rs31.82m), Cherat Packaging Limited securely concluded the first quarter with a net profit of Rs154.43m.

STATEMENT OF PROFIT OR LOSS FOR THREE MONTHS ENDED SEPTEMBER 30, 2026 (Rs.000)
Description	2026	2025	change %
Turnover - net	4,357,191	3,368,463	29.4%
Cost of sales	(3,750,534)	(3,133,517)	19.7%
Gross profit	606,657	234,946	158.2%
Distribution costs	(102,686)	(82,145)	25.0%
Administrative expenses	(64,990)	(49,844)	30.4%
Other expenses	(17,016)	(6,159)	176.3%
Operating overheads subtotal	(184,692)	(138,148)	33.7%
Other income	10,016	8,827	13.5%
Operating profit	431,981	105,625	309.0%
Finance costs	(186,848)	(80,843)	131.1%
Profit before levies and income tax	245,133	24,782	889.2%
Minimum tax	(5,562)	(40,445)	-86.2%
Profit / (loss) before income tax	239,571	(15,663)
Current tax	(62,767)	(1,976)	3076.5%
Deferred tax	(22,370)	33,798
Total income tax	(85,137)	31,822
Net profit for the period	154,434	16,159	855.7%
Earnings per share - basic and diluted (Rupees)	3.15	0.33	854.5%

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