KARACHI: Kohinoor Industries Limited (PSX: KIL) reported a significant decline in profitability for the nine months ended March 31, 2026, as lower rental income weighed on the company’s overall financial performance.
According to the company’s financial results, net profit after tax fell to Rs14.54 million during the nine-month period, compared to Rs42.08 million in the corresponding period last year, representing a decline of nearly 65%. Earnings per share (EPS) also dropped to Rs0.48, down from Rs1.39 a year earlier.
The decline was primarily driven by a sharp reduction in rental income, which decreased to Rs36.15 million from Rs64.34 million in the same period last year. Meanwhile, other income remained largely stable at Rs18.99 million, offering limited support to the company’s earnings.
Administrative expenses increased to Rs33.62 million from Rs29.21 million, while operating profit declined significantly to Rs21.23 million, compared with Rs54.02 million recorded in the corresponding period of FY2025. Despite a modest contribution from the company’s share of profit from an associate, the overall earnings remained under pressure.
On a quarterly basis, however, the company posted a stronger performance. Net profit for the quarter ended March 31, 2026, rose to Rs18.86 million, compared with Rs9.34 million in the same quarter last year, translating into quarterly EPS of Rs0.62 versus Rs0.31 previously.
The Board of Directors did not recommend any cash dividend, bonus shares, or right shares alongside the financial results.
As of March 31, 2026, Kohinoor Industries reported total assets of Rs1.145 billion, compared with Rs1.167 billion at the end of June 2025. The company’s investment property remained its largest asset at Rs923.30 million, while cash and bank balances stood at Rs16.41 million.
Despite maintaining a strong asset base backed by investment properties, the company’s nine-month results highlight the impact of weaker rental income and higher operating costs on profitability. Investors are likely to watch whether rental earnings recover in the coming quarters to support improved financial performance.
