Karachi: Jahangir Siddiqui & Co. Ltd. (JSCL) has announced its financial results for the quarter ended March 31, 2026, reporting a consolidated profit after tax of Rs1.455 billion, reflecting a significant decline from Rs3.315 billion recorded in the corresponding period last year. The financial statements were approved by the company’s Board of Directors at its meeting held on April 29, 2026.
On a consolidated basis, earnings per share (EPS) stood at Rs0.71, compared with Rs1.77 in the first quarter of 2025. The decline in profitability came despite healthy contributions from the company’s core businesses, as lower investment gains and higher operating costs weighed on overall earnings.
During the quarter, JSCL generated Rs37.07 billion in total income, primarily driven by returns on investments, income from long-term loans and fund placements, brokerage and commission income, and other operating revenues. However, administrative and finance costs, along with taxation, reduced the company’s bottom line compared to the same period last year.
The company’s share of profit from associates amounted to Rs371.1 million, providing additional support to earnings during the quarter. Nevertheless, consolidated profit before taxation declined to Rs3.80 billion, compared with Rs7.80 billion in the corresponding quarter of 2025.
JSCL also reported a total comprehensive loss of Rs6.03 billion, largely due to unrealized losses on equity and debt investments measured at fair value through other comprehensive income, highlighting the impact of market volatility on the investment portfolio.
On a standalone basis, the company posted a profit after tax of Rs260.4 million, down from Rs272.8 million a year earlier. Standalone EPS came in at Rs0.28, compared with Rs0.30 in the corresponding quarter of 2025.
Despite the year-on-year decline in profitability, Jahangir Siddiqui & Co. maintained a strong financial position with total consolidated assets of approximately Rs1.46 trillion as of March 31, 2026, underlining the group’s sizeable investment portfolio and diversified business operations.
