OLP Modaraba Posts Rs34.81 Million Profit for Quarter Ended September 2026

OLP Modaraba has reported a profit after taxation of Rs34.81 million for the quarter ended September 30, 2026, compared with Rs33.31 million in the corresponding period last year, reflecting an improvement in its quarterly earnings.

According to the financial results approved by the board of directors of OLP Services Pakistan (Private) Limited, the management company of OLP Modaraba, at a meeting held on October 22, 2026, the modaraba recorded earnings per certificate of Rs0.77 for the quarter, up from Rs0.73 a year earlier.

Profit Before Tax Declines Slightly

OLP Modaraba posted a profit before taxation of Rs49.03 million for the quarter under review, compared with Rs50.79 million in the same period last year. Despite the decline in pre-tax profit, the company achieved higher after-tax earnings during the period.

Administrative and operating expenses increased to Rs75.43 million from Rs71.43 million in the comparable quarter. Other income also declined to Rs5.03 million from Rs10.40 million, while financial and other charges remained a significant expense.

The results indicate that, although certain income and expense items affected pre-tax profitability, the modaraba maintained growth in its final earnings.

Financial Position and Cash Flows

OLP Modaraba reported total assets of approximately Rs8.47 billion as of September 30, 2026, compared with Rs8.46 billion at June 30, 2026. Total certificate holders’ equity stood at approximately Rs1.30 billion, down from Rs1.37 billion at the end of the previous financial year.

The company’s cash and bank balances declined to approximately Rs84.85 million from Rs679.21 million at June 30, 2026. The cash flow statement also showed net cash used in operating activities of approximately Rs80.89 million during the quarter, compared with net cash generated from operating activities of Rs633.81 million in the corresponding period last year.

Net cash used in financing activities amounted to approximately Rs525.89 million, while investing activities generated net cash of approximately Rs12.42 million.

These figures highlight changes in the company’s cash position and financing activities during the quarter, alongside its reported earnings.

No Interim Distribution Announced

The board did not recommend any cash dividend, bonus shares, right shares or other entitlement for the period ended September 30, 2026. The company also reported no other price-sensitive information in its financial results announcement.

Outlook

OLP Modaraba’s latest results show a modest increase in quarterly profit after taxation and earnings per certificate compared with the same period last year. However, lower pre-tax profit and reduced cash balances remain important indicators for investors to monitor in subsequent reporting periods.

Investors will likely watch the company’s future financial results for further information on profitability, cash flows and its overall financial position.