Refinery sector profit surges 20-fold to Rs57bn in 1QFY27

Mettis Global reported that Pakistan’s four listed refineries earned a combined net profit of Rs57.06bn in 1QFY27, compared with Rs2.90bn a year earlier. Their combined revenue increased 116.5% to Rs567.48bn, while gross profit climbed to Rs98.52bn from Rs8.92bn as sales growth outpaced the rise in costs.

Operating profit reached Rs94.52bn and profit before tax was Rs90.73bn, despite tax expense rising to Rs33.79bn. ATRL recorded profit of Rs18.65bn, CNERGY moved from a loss to Rs12.88bn profit, PRL earned Rs13.97bn and NRL reported Rs11.57bn. Company outlooks cited risks including volatile oil prices, possible inventory losses, HSD pricing changes and the progress of upgrade projects.