Nishat Power 1QFY27 profit falls 7% to around Rs541m

October 27, 2026 (MLN): Profit after taxation of Nishat Power Limited (PSX: NPL) fell 7.35% year-on-year to Rs541.38m for the three months ended September 30, 2026, compared with Rs584.30m in the same period last year.

Basic and diluted earnings per share (EPS) declined 7.27% to Rs1.53 from Rs1.65 in the corresponding quarter last year.

The decline came from a 74% drop in other income and a more than eight-fold jump in finance cost.

A new share of profit from an associate and a 46% lower tax charge cushioned the impact.

Revenue from contracts with customers rose nearly five-fold to Rs8.25bn from Rs1.67bn. Cost of sales rose more than six-fold to Rs7.73bn from Rs1.28bn, which limited gross profit growth to 32.02% at Rs515.64m, compared with Rs390.58m.

Administrative expenses increased 21.46% to Rs157.01m from Rs129.27m, and the company booked other expenses of Rs6.97m, with none last year. Other income fell 73.98% to Rs113.42m from Rs435.90m.

As a result, profit from operations declined 33.29% to Rs465.08m from Rs697.22m.

Finance cost rose more than eight-fold to Rs58.77m from Rs7.02m. The company also booked a share of net profit from an associate, accounted for using the equity method, of Rs210.49m, with no such item last year.

Profit before levy and taxation fell 10.63% to Rs616.80m from Rs690.20m. Levy rose more than 37-fold to Rs18.31m from Rs0.49m, taking profit before taxation down 13.22% to Rs598.50m from Rs689.71m.

Taxation fell 45.81% to Rs57.12m from Rs105.41m, which limited the bottom-line decline and left profit after taxation at Rs541.38m.

Copyright Mettis Link News