Highnoon Laboratories 9MCY26 profit remains nearly flat

October 27, 2026 (MLN): Profit after taxation of Highnoon Laboratories Limited (PSX: HINOON) rose 1.25% year-on-year to Rs2.71bn for the nine months ended September 30, 2026, compared with Rs2.68bn in the same period last year.

Basic and diluted earnings per share (EPS) increased 1.25% to Rs51.22 from Rs50.59 in the corresponding period last year.

The marginal growth came from a 10% rise in gross profit and a lower finance cost. A 29% rise in taxation, a doubling of other operating expenses and lower other income absorbed most of the operating gains.

Net revenue from contracts with customers grew 5.85% to Rs21.49bn from Rs20.30bn. Cost of revenue was almost flat, edging up 0.36% to Rs9.14bn from Rs9.11bn, which lifted gross profit 10.31% to Rs12.35bn from Rs11.20bn.

Distribution, selling and promotional expenses increased 5.52% to Rs6.07bn from Rs5.75bn, while administrative and general expenses rose 6.96% to Rs1.29bn from Rs1.20bn.

Other operating expenses more than doubled to Rs469.94m from Rs231.96m. Total operating expenses grew 8.90% to Rs7.82bn from Rs7.18bn.

As a result, profit from operations rose 12.83% to Rs4.53bn from Rs4.02bn.

Other income declined 13.87% to Rs279.03m from Rs323.97m, while finance cost fell 21.85% to Rs78.96m from Rs101.03m.

Profit before income tax and levy grew 11.62% to Rs4.73bn from Rs4.24bn.

Taxation rose 29.47% to Rs2.02bn from Rs1.56bn, which absorbed most of the gains and left profit after taxation at Rs2.71bn.

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