IPAK profit more than triples in 9M

April 16, 2026 (MLN): IPAK Group reported a robust financial performance for the nine months ended March 31, 2026, with consolidated net profit surging to Rs2.36bn, compared to Rs749m in the same period last year showing a substantial year-on-year increase.

Earnings per share (EPS) rose to Rs3.50, emphasizing improved profitability driven by operational efficiency and higher capacity utilization across subsidiaries.

The Group’s consolidated sales grew by 16.8% YoY to Rs30.43bn, up from Rs26.06bn last year.

The growth was supported by improved demand conditions and the strength of IPAK’s integrated manufacturing platform spanning BOPP, BOPET, and CPP film segments.

Exports remained a key growth driver, rising to Rs7.34bn from Rs6.07bn, accounting for approximately 24.1% of total sales.

The increase highlights the Group’s continued expansion in international markets and its focus on value-added specialty film products.

Profitability indicators showed notable improvement during the period. Gross profit climbed to Rs5.78bn, compared to Rs3.62bn last year, reflecting better margins and cost management.

Operating profit also strengthened significantly, reaching Rs4.64bn versus Rs2.76bn in the corresponding period, supported by enhanced operational efficiency and disciplined cost controls.

Finance costs declined by 13.4% YoY to Rs1.44bn, despite increased business activity. The reduction was attributed to effective working capital management and stronger internal cash flow generation.

On a standalone basis, IPAK posted stable sales of Rs9.94bn, while profitability improved markedly. Gross profit increased by 26.6% to Rs2.24bn, and net profit nearly doubled to Rs810m, compared to Rs424m in the same period last year.

Group CEO Naveed Godil highlighted the Company’s resilience during the third quarter, noting that despite supply chain disruptions, IPAK successfully met a dominant share of Pakistan’s food packaging demand.

He emphasized that the achievement reflects strong operational capabilities and effective supply chain management, supported by the dedication of the Group’s workforce.

Looking ahead, IPAK Group remains optimistic about its growth trajectory.

The Company aims to capitalize on its diversified presence across key flexible packaging film segments while continuing to focus on exports, product innovation, and cost optimization.

Management reiterated its commitment to expanding its global footprint and delivering sustainable long-term value to shareholders.

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