NPL’s profits grow by 36% due to lower O&Ms and higher efficiency

News Image

By MG News | October 23, 2019 at 05:21 PM GMT+05:00

0:00

October 23, 2019: Nishat Power Limited (NPL) has declared net earnings of Rs. 1.3 billion (EPS: Rs. 3.779) for the quarter ended September 30, 2019, i.e. around 36% higher as compared to the corresponding period of last year.

According to the notification issued to PSX by the company, the top-line earnings decreased by 15.29% to Rs. 4.9 billion due to drop in load factor. However, the decline in cost of sales by 30% helped in lifting the gross profits by 37%.

According to a research report by BIPL Securities, the gross margins of the company improved on the back of lower O&Ms as well as higher efficiency.

Even though the finance costs surged considerably by 80%, the company’s overall result for the period turned out to be prolific.

Financial Results for the quarter ended September 30, 2019 ('000 Rupees)

 

Sep-19

Sep-18

% Change

Sales

4,952,515

5,846,191

-15.29%

Cost of sales

(3,200,175)

(4,569,478)

-29.97%

Gross profit

1,752,340

1,276,713

37.25%

Administrative expenses

(75,536)

(71,670)

5.39%

Other expenses

 

(1,366)

 

Other income

234

1,822

-87.16%

Finance cost

(399,039)

(221,608)

80.07%

Profit before taxation

1,337,999

983,891

35.99%

Taxation

(30)

   

Profit for the year

1,337,969

983,891

35.99%

Earnings per share - basic and diluted (Rupees)

3.779

2.779

35.98%

Copyright Mettis Link News

 

Related News

Name Price/Vol %Chg/NChg
KSE100 130,344.03
345.79M
1.67%
2144.61
ALLSHR 81,023.99
1,021.87M
1.55%
1236.37
KSE30 39,908.26
141.62M
2.05%
803.27
KMI30 189,535.00
150.29M
1.40%
2619.39
KMIALLSHR 54,783.66
508.76M
1.07%
581.78
BKTi 34,940.73
55.86M
4.37%
1464.05
OGTi 28,296.06
16.02M
1.19%
333.47
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 109,820.00 110,455.00
105,440.00
4070.00
3.85%
BRENT CRUDE 69.13 69.21
66.94
2.02
3.01%
RICHARDS BAY COAL MONTHLY 97.50 0.00
0.00
0.75
0.78%
ROTTERDAM COAL MONTHLY 109.20 110.00
108.25
1.70
1.58%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 67.53 67.58
65.23
2.08
3.18%
SUGAR #11 WORLD 15.56 15.97
15.44
-0.14
-0.89%

Chart of the Day


Latest News
July 02, 2025 at 11:05 PM GMT+05:00

Cement sales flat in FY25


July 02, 2025 at 10:50 PM GMT+05:00

SBP reserves cross $14bn mark in FY25


July 02, 2025 at 05:29 PM GMT+05:00

CDNS revises profit rates on savings schemes


July 02, 2025 at 05:05 PM GMT+05:00

PSX in FY25: From Oof to Boom


July 02, 2025 at 05:01 PM GMT+05:00

Gold price in Pakistan falls Rs600 per tola



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg