KARACHI: Nishat Power Limited (PSX: NPL) has announced a 15% interim cash dividend (Rs1.50 per share) for the third quarter ended March 31, 2026, while reporting a modest improvement in quarterly profitability, according to the company’s financial results approved by its Board of Directors.
The Board, in its meeting held on April 28, 2026, recommended the interim cash payout. The company did not announce any bonus shares, right shares, or other corporate actions. Shareholders whose names appear in the register of members at the close of business on May 8, 2026, will be entitled to receive the dividend, while the share transfer books will remain closed from May 11 to May 12, 2026.
For the quarter ended March 31, 2026, Nishat Power posted a profit after tax of Rs691.0 million, up slightly from Rs649.5 million recorded in the corresponding period last year. Earnings per share (EPS) improved to Rs1.95, compared with Rs1.83 in the same quarter of FY2025.
On a cumulative basis, the company delivered a significantly stronger performance during the first nine months of FY2026, reporting a profit after tax of Rs1.66 billion, compared with a loss of Rs2.11 billion in the corresponding period last year. EPS for the nine-month period stood at Rs4.69, reversing a loss per share of Rs5.97 a year earlier. The turnaround was supported by improved operating profitability and a positive contribution from the company’s share of profit from an associated entity.
Revenue from contracts with customers for the nine-month period amounted to Rs5.15 billion, slightly lower than Rs5.22 billion reported in the same period last year. However, the company benefited from higher other income and improved profitability before taxation, helping offset the decline in gross profit.
The financial statements also show that total equity stood at approximately Rs29.63 billion as of March 31, 2026, while total assets increased to Rs34.80 billion, reflecting a stronger financial position during the reporting period.
The latest results underscore Nishat Power’s continued recovery during FY2026, with the return to cumulative profitability enabling the company to reward shareholders through an interim dividend while maintaining operational stability.
