EPCL posts Rs1.6bn profit turnaround in 1HCY26

Engro Polymer & Chemicals Limited (PSX: EPCL) returned to profit in the half year ended June 30, 2026, according to Mettis Global. Consolidated net profit reached Rs1.63bn, against a net loss of Rs3.23bn in the same period of 2025. Basic earnings per share stood at Rs1.79, compared with a basic loss of Rs3.55 a year earlier, while diluted EPS was Rs1.35.

Net revenue rose 4% to Rs39.26bn from Rs37.61bn. Cost of sales fell 5% to Rs34.68bn, which lifted gross profit to Rs4.58bn from Rs1.20bn. Other income surged to Rs2.17bn from Rs213.60m, helping operating profit reach Rs5.26bn after an operating loss of Rs225.38m a year earlier.

Finance costs climbed 23% to Rs3.69bn. Profit before tax reached Rs1.33bn, compared with a pre-tax loss of Rs3.18bn a year earlier. Tax items included a credit of Rs300.88m on net income tax, alongside final tax of Rs244.77m and a minimum tax differential of Rs2.78m. According to the report, the main driver was the gross margin recovery, with other income adding to the result.