PAEL profit nearly hits Rs3bn in 1HFY26

Pak Elektron Limited (PSX: PAEL) lifted its net profit by 11% in the six months to June 30, 2026, according to Mettis Global. Profit after income taxes reached Rs2.62bn, up from Rs2.37bn a year earlier. Basic earnings per share also rose, to Rs2.84 from Rs2.66.

After sales tax, excise duty and discounts, net revenue rose 19% to Rs42.32bn, while revenue from customer contracts grew 17% to Rs56.99bn. Cost of sales climbed faster, up 23% to Rs31.84bn, which held gross profit growth to 9% at Rs10.48bn.

Selling and distribution costs jumped 33% to Rs3.15bn, pulling operating profit down 2% to Rs5.38bn. Finance cost fell 7% to Rs1.29bn, but the decisive factor was a 16% drop in income tax provisions to Rs1.47bn. That lower tax charge lifted net earnings even though pre-tax profit was broadly flat at Rs4.09bn.