Pakistan Cables turns Rs141m loss into Rs10m profit

October 29, 2026 (MLN): Consolidated profit after taxation of Pakistan Cables Limited (PSX: PCAL) stood at Rs9.86m for the three months ended September 30, 2026, compared with a net loss of Rs140.97m in the same period last year.

Basic and diluted earnings per share (EPS) stood at Rs0.18, against a loss per share (LPS) of Rs2.59 in the corresponding quarter last year.

The turnaround came from a 70% rise in revenue, which lifted gross profit by 71%. Higher finance cost, marketing and administrative costs, and a tax expense against a credit last year partly offset the gains.

Revenue from contracts with customers rose 70.20% to Rs11.34bn from Rs6.66bn. Cost of sales grew at a similar pace of 70.07% to Rs10.28bn from Rs6.04bn, lifting gross profit 71.46% to Rs1.06bn from Rs618.92m.

Marketing, selling and distribution costs increased 42.79% to Rs331.11m from Rs231.89m, while administrative expenses rose 23.98% to Rs122.91m from Rs99.14m.

Finance cost rose 10.41% to Rs617.25m from Rs559.04m. Other expenses fell 46.56% to Rs1.59m from Rs2.98m, while other income declined 43.07% to Rs41.93m from Rs73.65m.

The company booked no share of profit from its associate, against Rs17.97m last year.

As a result, the company recorded a profit before income tax of Rs30.27m, against a loss before income tax of Rs182.51m last year.

An income tax expense of Rs20.41m, against a tax credit of Rs41.54m last year, absorbed part of the gain and left profit after taxation at Rs9.86m.

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