NPL rebounds to Rs2.5bn profit in FY26

Mettis Global reported that Nishat Power Limited (NPL) swung to a net profit of Rs2.48bn for the year ended June 30, 2026, after a loss of Rs746.78m a year earlier. Earnings per share moved to Rs7.01 from a loss of Rs2.11 per share. A final cash payout of Rs1 per share was also proposed by the board.

Customer contract revenue rose 56% to Rs11.02bn, but cost of sales climbed 119% to Rs9.64bn, leaving gross profit at Rs1.38bn against Rs2.66bn a year earlier. Administrative and other expenses also increased. According to the report, the turnaround came mainly from the absence of last year's large payable adjustments and a Rs1.30bn share of profit from an associate accounted for under the equity method.

Other income of Rs1.45bn supported operating profit of Rs1.81bn, while finance costs of Rs70.02m were limited. Profit before tax reached Rs3.04bn, compared with a pre-tax loss of Rs381.27m. After a tax charge of Rs555.40m, net profit stood at Rs2.48bn.