NETSOL FY26 profit skyrockets 70%

Mettis Global reported that NetSol Technologies Limited lifted its net profit by 70% to Rs2.35bn in the year ended June 30, 2026, up from Rs1.39bn a year earlier. Alongside the results, directors put forward a final cash payout of Rs1.5 per share. Basic earnings per share climbed to Rs27.25 from Rs15.97, while diluted earnings per share stood at Rs27.01 against Rs15.74 previously.

Revenue from contracts with customers increased 26% to Rs12.51bn, up from Rs9.91bn, with strong growth in core IT contract revenue cited as the main catalyst. Cost of revenue went up 14% to Rs6.35bn, yet gross profit rose 42% to Rs6.16bn from Rs4.35bn. Selling and promotional costs rose 18% to Rs1.36bn and administrative costs climbed 35% to Rs1.97bn, though operating profit still improved 62% to Rs2.83bn.

Below the operating line, other operating expenses fell 47% to Rs356.38m and finance costs declined 28% to Rs164.61m. Other income, however, dropped 62% to Rs315.57m, and final tax levies of Rs270.71m were deducted before the company recorded no corporate income tax for the period.