LPL hits Rs120m profit in 9MCY26

October 30, 2026 (MLN): Lalpir Power Limited (PSX: LPL) staged a sharp financial turnaround for the nine months ended September 30, 2026 (9MCY26), reporting a net profit of Rs119.93m compared to a net loss of Rs829.58m in the corresponding period last year.

Reflecting this bottom-line recovery, basic and diluted earnings per share (EPS) for the nine-month period swung into positive territory at Rs0.43, up from a loss per share of Rs2.18 in 9MCY25.

For the third quarter (Q3CY26) alone, the company posted a net loss of Rs30m (loss per share of Rs0.11), significantly narrowing from a net loss of Rs134.76m (loss per share of Rs0.35) incurred in Q3CY25.

Core revenue from ongoing operations for the nine months totaled Rs384.67m, down 29% from Rs545.78m in 9MCY25.

This was led by a net gain on sale of investments of Rs354.26m (down 33% from Rs532.19m), return on investments of Rs24.79m, and other income of Rs5.63m.

Incorporating an unrealized gain on re-measurement of short-term investments of Rs102.89m (down 57%) and a loss arising on initial recognition of investment at FVTOCI of Rs119.10m, total income stood at Rs368.46m against Rs782.54m in the comparative period.

Operating and administrative expenses clocked in at Rs94.39m (compared to nil in 9MCY25), bringing profit from operations to Rs274.07m.

The most pivotal driver of the turnaround was a dramatic reduction in losses from discontinued operations, which shrank 97% to Rs41.32m from Rs1.39bn in 9MCY25.

Finance costs remained minimal at Rs177 thousand (down from Rs220 thousand), enabling the company to swing to a profit before levy and taxation of Rs232.58m against a pre-tax loss of Rs604.12m in 9MCY25.

Accounting for a reduced levy of Rs8.85m (down 85% from Rs57.78m), profit before taxation stood at Rs223.72m compared to a pre-tax loss of Rs661.91m in the comparative period.

Following a lower taxation charge of Rs103.79m (down 38% from Rs167.68m), Lalpir Limited concluded the nine-month period with a net profit of Rs119.93m.

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