NCL FY26 profit doubles to Rs1.6bn

Mettis Global reported that Nishat (Chunian) Limited, listed on the PSX as NCL, saw its consolidated net profit climb 108% to Rs1.56bn in the 12 months to June 30, 2026. That compares with Rs751.45m a year earlier, while earnings per share rose to Rs6.50 from Rs3.13. The directors also backed a final cash payment of Rs3 per share.

Revenue edged up 2% to Rs86.98bn from Rs85.51bn, while cost of sales slipped slightly to Rs76.17bn. As a result, gross profit climbed 20% to Rs10.81bn. Higher distribution, administrative and other expenses, together with a 36% drop in other income, held back the rise, although operating profit still increased 17% to Rs7.78bn.

Finance costs rose 2% to Rs4.94bn, and the levy fell 5% to Rs901.40m, which pushed pre-tax profit up 123% to Rs1.94bn. The taxation charge climbed to Rs377.19m from Rs117.43m a year earlier.