PCAL returns to black with Rs206m profit in 9MFY26

April 30, 2026 (MLN): Pakistan Cables Limited (PSX: PCAL) reported a decisive turnaround for the nine months ended March 31, 2026, posting a profit after tax of Rs206.23m compared to a loss of Rs260.99m in the corresponding period last year.

The company's basic and diluted earnings per share (EPS) recovered strongly to Rs3.79, reversing a loss per share of Rs4.79 in 9MFY25, showing meaningful value accretion for shareholders during the period.

PCAL's revenue posted a 5.51% year-on-year increase, rising to Rs23.47bn from Rs22.24bn.

Cost of sales grew at a slightly faster pace of 5.91% to Rs21.09bn, marginally compressing the gross level.

Gross profit nonetheless expanded by 2.15% to Rs2.39bn from Rs2.34bn.

Marketing, selling and distribution costs rose 8.51% to Rs865.47m while administrative expenses grew 13.12% to Rs318.82m.

An impairment charge on trade debts of Rs11.47m compared to a reversal of Rs14.10m in the prior year added further pressure, lifting total operating expenses by 12.24% to Rs1.20bn.

Finance costs declined 9.63% to Rs1.64bn from Rs1.81bn, providing a meaningful tailwind. Other expenses and charges declined to Rs4.14m and Rs1.64bn respectively. Other income grew 11.75% to Rs235.50m.

The single most consequential driver of the turnaround was the share of profit from associate, which surged nearly elevenfold to Rs480.64m from Rs44.50m in 9MFY25, decisively converting what would have remained a loss position into a profitable outcome.

Profit before levies and income tax swung to Rs264.65m from a loss of Rs304.15m. After a levy charge of Rs18.95m, profit before income tax reached Rs245.70m, a complete reversal from a loss of Rs321.54m.

Income tax expense of Rs39.47m compared to a credit of Rs60.56m in the prior year provided a modest drag on the final result.

After accounting for taxation, Pakistan Cables Limited closed the nine-month period with a profit after tax of Rs206.23m, a decisive turnaround from the loss of Rs260.99m reported in the corresponding period of last year.

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