INIL earnings surge 2.7x in 9MFY26

April 23, 2026 (MLN): International Industries Limited (PSX: INIL) reported a spectacular financial performance for the nine months ended March 31, 2026, with its consolidated net profit surging by an impressive 2.65 fold to Rs2.58bn, compared to Rs975.82m in the corresponding period last year.

Reflecting this massive bottom-line expansion, the profit attributable specifically to the owners of the holding company jumped 2.83x to Rs1.53bn, pushing the basic and diluted earnings per share (EPS) to Rs11.61 from Rs4.11 in 9MFY25.

The primary engine behind this phenomenal growth was a robust top-line surge. The company's revenue from contracts with customers increased by 38% year-on-year, reaching Rs87.23bn up from Rs63.34bn.

The cost of sales grew at a slightly slower pace of 35% to Rs77.26bn. Because revenue expansion outpaced the rise in direct costs, INIL's gross profit experienced a massive 65% expansion, jumping to Rs9.97bn from Rs6.03bn.

On the operating front, overheads escalated significantly alongside the expanding business volume. Selling and distribution expenses spiked by 57% to Rs3.50bn, and administrative expenses increased by 25% to Rs857.05m.

However, the sheer strength of the gross margin expansion completely absorbed these higher costs, driving the operating profit up by 81% to Rs5.63bn from Rs3.12bn last year.

Below the operating line, INIL navigated a mix of headwinds and massive tailwinds. Finance costs increased by 24% to Rs1.42bn, and other income dropped sharply by 71% to Rs162.85m.

However, the company received an extraordinary boost from its share of profit in equity-accounted investees, which skyrocketed to Rs994.44m compared to just Rs49.19m in the previous year. This crucial addition, combined with the soaring operational earnings and the absence of levies (which cost Rs88.68m last year), pushed the profit before income tax up by 2.4x to Rs4.63bn.

Even after absorbing a 114% heavier income tax expense of Rs2.05bn, INIL easily secured its multi-fold leap in the final net profit, comfortably closing the nine-month period at Rs2.58bn.

Copyright Mettis Link News