NCPL profit remains steady at Rs558m in 1QFY27

October 28, 2026 (MLN): Nishat Chunian Power Limited (PSX: NCPL) reported a 1% increase in its net profit for the first quarter ended September 30, 2026 (1QFY27 / 3MFY27), reaching Rs558.25m compared to Rs552.15m recorded in the corresponding period of the previous fiscal year.

Reflecting this steady bottom-line performance, basic and diluted earnings per share (EPS) for the three-month period clocked in at Rs1.52, edging up 1% from Rs1.50 recorded in 3MFY26.

The company witnessed a surge in top-line revenue, which rose to Rs7.01bn in 3MFY27 from Rs1.37bn in the same period last year.

However, a steeper rise in the cost of sales to Rs6.60bn compressed margins, pulling gross profit down 8% to Rs402.07m against Rs435.73m in 3MFY26.

Consequently, the gross margin contracted to 5.74% from 31.88% in the comparative quarter.

Operating overheads expanded as administrative expenses grew 14% to Rs112.72m (up from Rs98.67m), while other expenses rose 43% to Rs8.04m (up from Rs5.63m).

Total operating overheads stood at Rs120.76m, marking a 16% increase.

Compounding this, other income fell 46% to Rs158.51m against Rs290.88m in the year-ago period, leading to a 29% decline in profit from operations to Rs439.82m (down from Rs622.32m).

Below the operating line, finance costs climbed sharply to Rs27.56m compared to Rs1.55m in 3MFY26.

The bottom line was cushioned by an associate contribution, where NCPL recognized Rs210.49m as its share of net profit of an associate accounted for using the equity method (compared to nil in 3MFY26).

Accounting for a statutory levy of Rs11.06m (up from Rs176 thousand), profit before taxation settled at Rs611.69m, down 1% from Rs620.59m.

 A 22% reduction in income tax expense to Rs53.44m (down from Rs68.44m) allowed Nishat Chunian Power Limited to conclude the quarter with a net profit of Rs558.25m.

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