April 25, 2025 (MLN): Nishat Chunian Power Limited (PSX: NCPL) reported a significant decline in its net profit for the nine-month period ending March 31, 2025, posting a loss after tax of Rs3.28 billion (EPS: -Rs8.93), compared to a profit of Rs3.85bn (EPS: Rs10.48) in the same period last year (SPLY).
The company has declared a second interim cash dividend of 20%, amounting to Rs2 per share, for the year ending June 30, 2025, in addition to the 50% interim cash dividends already paid.
The company’s revenue from contracts with customers fell sharply by 67.7%, reaching Rs4.03bn, down from Rs12.48bn in SPLY.
This decline was accompanied by a 77.3% reduction in the cost of sales, which stood at Rs1.93bn compared to Rs8.51bn in SPLY.
As a result, gross profit decreased by 47.1% to Rs2.1bn, down from Rs3.97bn in the same period last year.
Despite this, the company managed to boost its other operating income, which increased by 134.9% to Rs553.76 million, compared to Rs235.71m in SPLY.
On the expense side, administrative expenses rose sharply by 81.2% to Rs238.41m, reflecting increased operational costs.
Finance costs, however, saw a significant drop of 94%, falling to Rs13.52m, down from Rs225.25m in the same period last year.
The company’s loss before taxation reached Rs3.19bn, compared to a profit of Rs3.85bn in the prior year.
Taxation expenses also increased sharply, rising by 27,727.6% to Rs88.77m, up from Rs0.32m in SPLY, further contributing to the overall loss.
As a result of the challenging financial performance, Nishat Chunian Power Limited posted a negative earnings per share (EPS) of Rs8.93, reflecting a decline of 14.8% compared to the previous period’s EPS of Rs10.48.
| Financial Results For The Nine Month Ended March 31, 2025 (Rupees '000) | |||
| Mar-25 | Mar-24 | %Change | |
| Revenue from Contract with Customers | 4,031,553 | 12,479,929 | -67.70% |
| Cost of Sales | (1,930,414) | (8,510,553) | -77.32% |
| Gross Profit | 2,101,139 | 3,969,376 | -47.07% |
| Administrative Expenses | (238,409) | (131,540) | 81.24% |
| Other Expenses | (10,549) | – | |
| Other Operating Income | 553,764 | 235,712 | 134.93% |
| Profit from Operations | 2,405,945 | 4,073,548 | -40.94% |
| Finance Cost | (13,522) | (225,248) | -94.00% |
| Adjustments to Balance Payable by CPPA-G | (5,585,132) | – | |
| Loss Before Taxation | (3,192,709) | 3,848,300 | |
| Taxation | (88,770) | (319) | |
| Profit After Taxation | (3,281,479) | 3,847,981 | |
| Earnings Per Share – Basic and Diluted (Rupees) | 8.93 | 10.48 | -14.79% |
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Posted on: 2025-04-25T17:34:40+05:00
