NICL 1QFY27 profit jumps 32%

October 20, 2026 (MLN): Nimir Industrial Chemicals Limited (PSX: NICL) reported a 32% surge in its net profit for the first quarter ended September 30, 2026 (1QFY27 / 3MFY27), reaching Rs666.27m compared to Rs503.52m in the corresponding period last year.

Reflecting this bottom-line momentum, basic and diluted earnings per ordinary share (EPS) expanded to Rs6.02, up from Rs4.55 in 1QFY26.

The primary drivers behind the strong quarterly performance were a 23% expansion in net revenue from customer contracts alongside a 32% surge in gross profit.

Gross revenue grew 23% to Rs17.90bn, while net sales reached Rs15.27bn (after deducting sales tax and trade discounts of Rs2.63bn), up from Rs12.46bn in 1QFY26.

Cost of revenue rose 21% to Rs13.22bn, allowing gross profit to jump 32% to Rs2.06bn compared to Rs1.56bn in the prior period.

On the operational front, overheads expanded to support business growth.

Distribution costs rose 71% to Rs260.67m, while administrative expenses increased 18% to Rs191.68m. Consequently, operating profit grew 29% to Rs1.60bn.

Below the operating line, NICL benefited from debt-servicing relief as finance costs fell 8% to Rs464.27m (down from Rs506.17m in 1QFY26).

Supported by a 103% boost in "other income" (Rs47.80m up from Rs23.50m) and despite higher other operating expenses of Rs98.39m and statutory levies of Rs15.77m, profit before income tax surged 52% to Rs1.07bn.

The company absorbed a higher corporate taxation charge of Rs407.65m for the quarter (up 102% from Rs201.57m in 1QFY26).

Backed by strong top-line sales growth, expanded gross margins, and lower finance charges, Nimir Industrial Chemicals Limited securely closed the three-month period with its net profit reaching Rs666.27m

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