Karachi: National Refinery Limited (NRL) has reported a substantial increase in its financial performance for the quarter ended September 30, 2026, marking a notable rise in both revenue and profit compared to the same period last year.
According to the financial results disclosed on October 19, 2026, NRL's revenue from contracts with customers rose to 202.26 billion rupees from 111.87 billion rupees in the previous year, reflecting a very large or significant move. The company's net revenue from these contracts also saw a significant increase, reaching 152.31 billion rupees compared to 79.57 billion rupees in the corresponding quarter of 2025.
The cost of sales for the quarter was recorded at 130.31 billion rupees, up from 75.46 billion rupees the previous year. Despite the increase in costs, NRL's gross profit surged to 21.99 billion rupees from 4.11 billion rupees.
Operating profit experienced a very large or significant move, increasing to 19.97 billion rupees from 3.64 billion rupees a year earlier. This rise was accompanied by income from other sources totaling 195.04 million rupees, compared to 90.68 million rupees in the same quarter last year.
According to information available from the Pakistan Stock Exchange (PSX), NRL's profit before taxation soared to 18.33 billion rupees, a considerable rise from 1.81 billion rupees in the previous year. After accounting for taxation of 6.76 billion rupees, up from 789.11 million rupees, the profit after taxation for the quarter was 11.57 billion rupees, a stark contrast to 1.03 billion rupees reported in the same period of 2025.
In terms of earnings per share, the company reported a basic and diluted profit per share of 144.68 rupees, significantly higher than the 12.82 rupees recorded last year.
The total assets of NRL as of September 30, 2026, stood at 178.65 billion rupees, compared to 166.24 billion rupees on June 30, 2026. The increase was driven primarily by growth in trade receivables and cash and bank balances, which reached 36.55 billion rupees and 7.02 billion rupees, respectively.
On the liabilities front, the company's total liabilities amounted to 110.63 billion rupees, a slight increase from 109.79 billion rupees at the end of June 2026. This increase was primarily due to trade and other payables, which amounted to 74.88 billion rupees.
The company's share capital and reserves also saw an increase, rising to 68.02 billion rupees from 56.45 billion rupees, reflecting enhanced financial stability and growth prospects for National Refinery Limited in the current market landscape.