Clover Pakistan Limited has reported a significant improvement in its financial performance for the quarter ended September 30, 2026, with net profit rising to Rs122.54 million compared with Rs29.15 million in the corresponding period last year.
According to the company’s unaudited financial results submitted to the Pakistan Stock Exchange (PSX), Clover Pakistan recorded net revenue of Rs3.35 billion during the three-month period, compared with Rs1.39 billion in the same quarter of 2025.
The company’s revenue increased by approximately 141%, reflecting a substantial improvement in business activity. Cost of sales also increased to Rs3.15 billion from Rs1.34 billion in the corresponding period last year.
Despite higher costs, gross profit climbed to Rs203.99 million against Rs52.46 million in the same period of the previous year.
Operating performance also showed considerable improvement. Administrative, selling and distribution expenses increased to Rs48.07 million from Rs18.92 million. However, operating profit rose sharply to Rs155.92 million compared with Rs33.54 million last year.
After accounting for other operating expenses, other income and finance costs, the company reported profit before taxation and levies of Rs149.33 million, significantly higher than Rs31.29 million in the corresponding quarter.
Profit before taxation reached Rs135.11 million, compared with Rs13.90 million last year. Following taxation of Rs12.57 million, net profit for the period stood at Rs122.54 million, up from Rs29.15 million.
Earnings per share (EPS) also improved to Rs0.31 from Rs0.07 in the corresponding quarter of 2025, highlighting the improvement in the company’s profitability.
Improvement in Financial Position
The company’s balance sheet also reflected growth. Total assets increased to Rs2.53 billion as of September 30, 2026, compared with Rs1.94 billion at June 30, 2026.
Current assets increased to Rs1.47 billion from Rs859.81 million, while cash and bank balances rose to Rs234.52 million from Rs128.92 million.
Shareholders’ equity improved to Rs970.20 million compared with Rs847.66 million at the end of June 2026.
The cash flow statement showed net cash generated from operating activities of Rs141.42 million during the quarter, compared with Rs31.84 million in the corresponding period last year. Cash and cash equivalents stood at Rs234.52 million at the end of September 2026.
Outlook
Clover Pakistan Limited’s latest quarterly results reflect a notable improvement in revenue generation, operating profitability and earnings. The substantial increase in net profit and earnings per share represents a positive development in the company’s financial performance.
Investors will likely keep an eye on the company’s upcoming financial results to assess whether the improved performance can be sustained in the coming quarters. Its ability to maintain revenue growth, manage operating costs and strengthen profitability will remain important factors for shareholders and market participants.
