Karachi: Packages Limited has announced its financial results for the first quarter ended March 31, 2026, reporting a significant decline in standalone earnings, while its consolidated business delivered a sharp improvement in profitability driven by the performance of its subsidiaries.
On a standalone basis, the company posted a profit after tax of Rs208.4 million for the three-month period, compared to Rs688.2 million in the corresponding quarter last year, reflecting a decline of nearly 70%. Earnings per share (EPS) also dropped to Rs2.33 from Rs7.70 a year earlier.
The decline was primarily attributed to lower operating income and substantially higher finance costs. Operating income fell to Rs809.2 million from Rs1.06 billion, while finance costs surged to Rs509.0 million compared with Rs310.0 million in the same period last year, putting pressure on overall profitability.
The Board of Directors did not recommend any cash dividend, bonus shares, right shares, or any other corporate action for the quarter.
Despite the weaker standalone performance, the company’s consolidated financial results painted a much stronger picture. Packages Limited and its subsidiaries recorded a consolidated profit after tax of Rs1.27 billion, a substantial increase from Rs187.9 million reported in the first quarter of 2025. Profit attributable to shareholders of the parent company reached Rs690.7 million, reversing a loss of Rs302.7 million recorded in the corresponding period last year.
Consolidated net revenue rose to Rs53.10 billion, up from Rs49.74 billion a year earlier, while gross profit improved to Rs12.57 billion from Rs10.20 billion. The group also benefited from stronger operating profit, which climbed to Rs6.76 billion, reflecting improved business performance across its diversified operations.
However, the group recorded an other comprehensive loss due to changes in the fair value of investments and foreign currency translation adjustments, resulting in total comprehensive income of Rs199.9 million for the quarter.
The latest results highlight the contrasting performance between Packages Limited’s standalone operations and its broader group businesses, with subsidiaries providing a strong earnings boost despite pressure from higher financing costs at the parent company.
