Burj Clean Energy Modaraba Reports Strong Nine-Month Earnings, Q3 Profit More Than Doubles

Karachi: Burj Clean Energy Modaraba (BCEM) has reported a significant improvement in its financial performance for the nine-month period ended March 31, 2026, driven by higher consultancy income and robust other income, while also delivering strong growth in quarterly earnings.

According to the financial results approved by the Board of Directors, the Modaraba posted an unconsolidated profit after tax of Rs39.22 million for the nine months, a remarkable increase from Rs3.30 million recorded during the corresponding period last year. Earnings per certificate (EPS) improved to Rs0.39, compared with Rs0.03 a year earlier.

For the quarter ended March 31, 2026, BCEM also delivered a strong performance, with profit after tax rising to Rs2.11 million, more than doubling from Rs1.02 million in the same quarter of the previous year. Quarterly EPS stood at Rs0.02, compared with Rs0.01 last year.

The company’s financial performance was supported by management consultancy income of Rs28.50 million, along with other income of Rs77.44 million during the nine-month period. These gains helped offset higher administrative expenses and finance costs, resulting in a substantial improvement in profitability.

On the balance sheet, total assets expanded significantly to approximately Rs3.03 billion as of March 31, 2026, compared with Rs1.12 billion at the end of June 2025. The increase reflects growth in long-term investments, receivables, cash balances, and financing-related assets, underscoring the Modaraba’s expanding operations.

Despite the improved financial performance, the Board of Directors did not recommend any cash dividend, bonus certificates, right certificates, or any other corporate action for the period under review.

The results indicate that Burj Clean Energy Modaraba has strengthened its earnings profile over the course of FY2026, supported by diversified income streams and continued business expansion. Investors will now be watching whether the company can sustain this momentum in the final quarter of the financial year.