Nishat Power Limited (NPL) has reported an after-tax profit of Rs541.38 million for the first quarter ended September 30, 2026, compared with Rs584.30 million in the corresponding period last year. The company’s latest financial results show higher revenue and gross profit, while earnings were affected by increased operating costs and finance expenses.

Revenue Rises Significantly

According to the company’s unaudited financial statements, revenue from contracts with customers increased to Rs8.25 billion during the quarter, compared with Rs1.67 billion in the same period last year.

The company’s cost of sales also increased to Rs7.73 billion from Rs1.28 billion. As a result, gross profit rose to Rs515.64 million, up from Rs390.58 million in the corresponding quarter of the previous year.

The increase in gross profit indicates an improvement in the company’s gross earnings, although higher costs continued to affect its overall financial performance.

Operating Profit and Finance Costs

Nishat Power’s profit from operations declined to Rs465.08 million during the quarter, compared with Rs697.22 million a year earlier. Other income also fell considerably, reaching Rs113.42 million against Rs435.90 million in the same period last year.

Meanwhile, finance costs increased to Rs58.77 million from Rs7.02 million. These changes contributed to a decline in profit before taxation, which stood at Rs598.50 million compared with Rs689.71 million in the corresponding quarter.

The company recorded a tax expense of Rs57.12 million, bringing its after-tax profit to Rs541.38 million.

Earnings Per Share Decline

Nishat Power Limited reported earnings per share (EPS) of Rs1.53 for the quarter, compared with Rs1.65 in the same period last year.

The decline in EPS reflects the lower net profit reported during the period. Investors will likely monitor the company’s future financial results to assess whether revenue growth can translate into stronger earnings.

Financial Position Remains Substantial

The company’s total assets stood at Rs36.40 billion as of September 30, 2026, compared with Rs35.52 billion at June 30, 2026. Total equity and reserves amounted to Rs29.71 billion, while total liabilities reached approximately Rs6.70 billion.

These figures provide an overview of the company’s financial position at the end of the quarter.

However, the cash flow statement showed net cash used in operating activities of approximately Rs2.47 billion during the period. The company also reported a net decrease in cash and cash equivalents of approximately Rs1.03 billion. These cash flow figures will be important to monitor alongside reported profitability.

No Dividend Announced

In its October 27, 2026, notification to the Pakistan Stock Exchange, the company stated that its board had recommended no cash dividend, bonus shares, or right shares for the quarter ended September 30, 2026.

The company also reported no other price-sensitive information in the announcement.

Outlook

Nishat Power Limited’s first-quarter results present a mixed financial picture. Revenue and gross profit increased substantially compared with the same period last year, but lower other income, higher finance costs, and reduced operating profit contributed to lower net earnings.

Going forward, investors will be watching the company’s profitability, operating cash flows, and ability to maintain earnings as its financial performance develops through the remainder of the fiscal year.