TPL Corp Reports Rs673.5 Million Loss in First Quarter of FY2027
TPL Corp Limited has reported a consolidated after-tax loss of Rs673.53 million for the quarter ended September 30, 2026, compared with a profit of Rs1.23 billion in the corresponding period last year, reflecting a significant deterioration in its financial performance.
According to the financial results submitted to the Pakistan Stock Exchange (PSX), the company’s consolidated turnover declined sharply to Rs615.11 million during the quarter, compared with Rs3.58 billion in the same period of the previous year.
The company’s cost of sales stood at Rs468.47 million, resulting in a gross profit of Rs146.63 million, significantly lower than the gross profit of Rs2.45 billion recorded in the corresponding quarter last year.
TPL Corp also reported an operating loss of Rs435.26 million, compared with an operating profit of Rs1.48 billion in the same period of the previous year.
The company’s financial performance was further affected by finance costs of Rs263.22 million. Other expenses amounted to Rs25.68 million, while other income stood at Rs89.71 million during the quarter.
Consequently, the company recorded a loss before taxation of Rs663.17 million, compared with a pre-tax profit of Rs1.27 billion in the corresponding period last year. After accounting for taxation of Rs40.36 million, the consolidated loss after taxation reached Rs673.53 million.
Earnings per share (EPS) also declined to a loss of Rs1.49, compared with positive earnings of Rs1.10 per share in the same quarter last year.
Despite the reported quarterly loss, TPL Corp recorded total comprehensive income of Rs1.46 billion, compared with Rs1.23 billion in the corresponding period last year. This was primarily supported by an unrealised gain on the revaluation of investments amounting to Rs2.14 billion, which was recognised in other comprehensive income.
On the balance sheet, the company’s consolidated total assets stood at Rs18.06 billion as of September 30, 2026, compared with Rs26.75 billion at June 30, 2026. Cash and bank balances amounted to Rs1.50 billion at the end of the reporting period.
Meanwhile, the company’s Board of Directors, in a meeting held on November 5, 2026, did not recommend any cash dividend, bonus shares, or right shares for shareholders.
The latest financial results highlight the challenges faced by TPL Corp during the first quarter of FY2027, as the company moved from profitability to a substantial consolidated loss, accompanied by a sharp decline in revenue and operating performance.
