KOHP 1QFY27 profit drops 32%

October 28, 2026 (MLN): Kohinoor Power Company Limited (PSX: KOHP) posted a 32% decline in its net profit for the first quarter ended September 30, 2026 (1QFY27 / 3MFY27), recording Rs965,061 compared to Rs1.42m in the corresponding period of the previous fiscal year.  

Reflecting the reduced bottom line, basic earnings per share for the three-month period contracted 27% to Rs0.08, down from Rs0.11 in 3MFY26.

Top-line rental income expanded 9% to Rs2.71m during the quarter from Rs2.49m in the same period last year.

Direct costs declined 7% to Rs872,246 against Rs934,440 in 3MFY26. Consequently, gross profit surged 18% year-on-year to Rs1.84m compared to Rs1.56m, expanding the gross profit margin to 67.79% from 62.53%.

Operational performance was challenged by higher overheads and reduced non-core income.

Administrative expenses surged 59% to Rs1.10m compared to Rs688,776 in 3MFY26. Compounding the expense rise, other income dropped 52% to Rs423,991 from Rs875,001.

This led to a 33% contraction in operating profit, which clocked in at Rs1.16m compared to Rs1.75m in the comparative quarter.

Below the operating line, finance costs stood at a negligible Rs35 (compared to nil in 3MFY26).

Profit before levies and income taxes settled at Rs1.16m, down 33%.

Provision for levies expanded over six-fold to Rs197,663 from Rs31,176. With no provision for income taxes booked for the period (compared to Rs296,791 in 3MFY26), Kohinoor Power Company Limited concluded the first quarter with a net profit of Rs965,061.

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