Lalpir Power Limited has made a strong turnaround in its financial performance, posting a profit after tax of Rs213.4 million for the quarter ended March 31, 2026, compared with a loss of Rs462.6 million in the same quarter last year.

According to the company’s unaudited financial results, earnings per share improved significantly to Rs0.76, compared with a loss per share of Rs1.22 in the corresponding quarter of 2025.

Significant Improvement in Quarterly Performance

Lalpir Power reported a profit before tax of Rs231.1 million during the January-March 2026 quarter, reversing the pre-tax loss of Rs427.9 million recorded a year earlier.

A key contributor to the improvement was the substantial increase in other income, which rose to Rs525.5 million from Rs276.7 million in the same period last year. At the same time, plant maintenance and preservation costs declined sharply to Rs265.7 million, compared with Rs689.6 million previously.

Administrative expenses, however, increased to Rs27.8 million from Rs14.1 million, while finance costs remained relatively low at Rs0.15 million.

Stronger Equity Position

The company’s total equity stood at approximately Rs11.76 billion as of March 31, 2026, compared with Rs11.54 billion at the end of December 2025. The improvement primarily reflected the quarterly profit added to unappropriated earnings.

The company reported total assets of around Rs11.93 billion, while total liabilities stood at approximately Rs172.6 million at the end of the quarter.

Cash Flow Shows Positive Operating Generation

Lalpir Power also recorded a notable improvement in operating cash flows. Net cash generated from operating activities amounted to Rs192.0 million during the quarter, compared with a net operating cash outflow of Rs402.7 million in the same period of 2025.

The company generated Rs271.2 million from operations before finance costs and taxes. Investing activities resulted in a net cash outflow of Rs207.1 million, largely reflecting short-term investment activity.

After financing outflows of only Rs0.3 million, the company ended the quarter with Rs5.6 million in cash and bank balances, compared with Rs97.1 million a year earlier.

No Dividend or Bonus Shares Announced

Alongside the financial results, Lalpir Power informed the Pakistan Stock Exchange that its board recommended no cash dividend, bonus shares, right shares or other entitlement for the quarter. The company also reported no other price-sensitive information in its April 24, 2026 announcement.

Outlook

Lalpir Power’s first-quarter results mark a significant recovery from the loss recorded in the same period last year. The sharp reduction in plant maintenance and preservation costs, combined with higher other income, helped push the company back into profitability.

The company’s ability to maintain this improved performance in subsequent quarters will depend on its operating costs, investment returns and other income streams. For now, the latest results represent a notable improvement in profitability and operating cash generation compared with the first quarter of 2025.