KARACHI: Saif Power Limited has reported a strong financial performance for the first quarter ended March 31, 2026, with net profit rising nearly 60% year-on-year despite lower revenue, reflecting improved operational efficiency and stronger margins.
According to the company’s financial results, Saif Power posted a profit after tax of Rs57.77 million during the January–March 2026 quarter, compared to Rs36.07 million recorded in the corresponding period last year. As a result, earnings per share (EPS) increased to Rs0.15, up from Rs0.09 a year earlier.
The company reported net turnover of Rs794.14 million, down from Rs1.27 billion in the same quarter of 2025. However, lower cost of sales helped improve gross profitability, with gross profit rising to Rs115.73 million compared to Rs69.20 million in the corresponding period last year.
Other income declined to Rs137.58 million from Rs306.84 million a year ago, while finance costs dropped significantly to Rs111.86 million from Rs263.04 million, providing substantial support to the company’s bottom line. Administrative expenses increased modestly to Rs83.68 million during the quarter.
Consequently, profit before tax improved to Rs57.77 million, compared with Rs36.07 million in the same period last year. The company reported no income tax charge for the quarter, resulting in an equivalent net profit figure.
On the balance sheet, total assets stood at Rs17.39 billion as of March 31, 2026, while total equity increased to Rs10.47 billion, reflecting the impact of the quarter’s earnings. Cash and cash equivalents were reported at Rs387.71 million at the end of the reporting period.
The Board of Directors did not recommend any cash dividend, bonus shares, right shares, or any other corporate action along with the announcement of the first-quarter financial results.
