Nishat Chunian Power Limited closed FY26 with gross profit of Rs1.47 billion, down 32 percent from Rs2.16 billion a year earlier. Higher sales failed to protect margins as costs rose faster than revenue across the year.
The decline came even as net sales climbed 69 percent to Rs9.43 billion. Cost of sales more than doubled, wiping out the benefit of stronger dispatch and leaving the power business with thinner earnings before associate income.
Quarterly Sales Surge Lifts Gross Profit
In the fourth quarter, net sales reached Rs4.95 billion, roughly triple the same period last year and more than double the preceding quarter. Higher plant utilization drove the jump.
Gross profit in the quarter rose to Rs450 million from Rs55 million a year earlier. The sequential gain was 54 percent. Lower comparative base and better load factor both played a part, though administrative expenses also increased.
Associate Income Powers The Profit Swing
Profit after tax for the quarter stood at Rs900 million, against a small loss in the same period last year. Earnings per share came in at Rs2.4.
The main support was a Rs910 million share of profit from NexGen Auto, more than double the previous quarter, helped by higher vehicle sales. Absence of last year’s CPPA-G adjustments also removed a large drag that had pushed the company into a full-year loss in FY25.
For the full year, profit after tax reached Rs2.48 billion, or Rs6.75 per share, compared with a loss of Rs3.38 billion previously. Finance costs stayed modest.
Cash Dividend Of Rs1 Per Share
The board announced a final cash dividend of Rs1 per share for the quarter. That takes the full-year payout to Rs2.5 per share, down from Rs7 a year earlier.
The result shows earnings now lean heavily on the auto associate. Core power margins remain under pressure even as quarterly volumes recover.