LPL turns the tide, posts Rs213m profit in Q1CY26

April 24, 2026 (MLN):  Lalpir Power Limited (PSX: LPL) reported a remarkable financial turnaround for the first quarter ended March 31, 2026, swinging from a heavy net loss of Rs462.62m in the same period last year to a net profit of Rs213.40m.

Reflecting this massive recovery, the company's earnings per share (EPS) turned positive, posting Rs0.76 compared to a loss per share of Rs1.22 in Q1 2025.

The core driver of this turnaround was a drastic reduction in the company's primary expenditures coupled with a massive surge in secondary income.

Operating seemingly in a preservation state, LPL managed to slash its plant maintenance and preservation costs by a significant 61%, dropping them to Rs265.69m from Rs689.55m in the prior year.

Simultaneously, the company recorded a 90% jump in "other income," which swelled to Rs525.50m from Rs276.74m.

This combination of slashed preservation costs and robust secondary inflows completely transformed the company's operational standing.

Despite administrative expenses nearly doubling (up 97% to Rs27.84m), the operating profit stood at a commanding Rs231.28m, a sharp reversal from the Rs427.77m operating loss recorded last year.

Below the operating line, finance costs increased by 83% but remained almost negligible in absolute terms at just Rs148,000.

Consequently, the profit before taxation settled at Rs231.13m, wiping out the pre-tax loss of Rs427.86m from Q1 2025.

Further aiding the bottom line was a 49% reduction in taxation, which fell to Rs17.74m from Rs34.76m. This lower tax burden allowed Lalpir Power to comfortably secure its historic Rs213.40m net profit for the quarter.

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