Oct 21, 2026, 1:27 PM
Nishat (Chunian) reports higher quarterly profit and proposes buyback of up to 21% of paid-up shares
Financial ResultFor the quarter ended September 30, 2026, consolidated revenue rose to Rs 24.06 billion from Rs 22.94 billion, while profit after taxation increased to Rs 1.73 billion from Rs 516.16 million and EPS rose to Rs 7.21 from Rs 2.15. The board also recommended a buyback of up to 50,424,996 shares, subject to shareholder approval at an EOGM scheduled for November 20, 2026. No cash dividend was recommended.
Key Findings
- Consolidated quarterly revenue increased year on year to Rs 24.06 billion from Rs 22.94 billion.
- Consolidated profit after taxation increased to Rs 1.73 billion from Rs 516.16 million; EPS increased to Rs 7.21 from Rs 2.15.
- The board recommended a buyback of up to 21% of paid-up share capital, equivalent to 50,424,996 ordinary shares, subject to shareholder approval.
- An EOGM is scheduled for November 20, 2026; no cash dividend, bonus shares, or rights shares were recommended.
Financial Performance
| Metric | PreviousQuarter ended September 30, 2025 | CurrentQuarter ended September 30, 2026 | Change |
|---|---|---|---|
| Revenue | 22,943,327,358 | 24,059,569,412 | +4.9% |
| Gross profit | 2,652,598,464 | 3,198,167,811 | +20.6% |
| Profit from operations | 2,001,278,726 | 3,067,133,415 | +53.3% |
| Profit after taxation | 516,164,421 | 1,731,945,151 | +235.5% |
| Profit per share - basic and diluted | 2.15 | 7.21 | +235.3% |
| Finance cost | (1,197,998,977) | (924,274,378) | -22.8% |
| Cash and bank balances | 120,566,077 | 412,245,768 | +241.9% |
| Short-term borrowings | 32,961,784,124 | 29,943,240,531 | -9.2% |
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Highlights summarize the key points from the company's official PSX filing. View the original filing for the complete details before making financial decisions.