Karachi: Saif Power Limited has released its financial results for the third quarter ended September 30, 2026, showing a notable change in its turnover and profit figures when compared to the same period last year. The report, dated October 26, 2026, highlights significant financial shifts for the company.
The net turnover for the three-month period ending September 30, 2026, was recorded at 1.66 billion rupees, down from 2.57 billion rupees in the corresponding quarter of 2025. For the nine-month period ending September 30, 2026, the turnover stood at 4.09 billion rupees, a decrease from 7.10 billion rupees during the same period last year.
The cost of sales for the third quarter was 1.58 billion rupees compared to 2.57 billion rupees in the previous year, resulting in a gross profit of 78.70 million rupees for this quarter. This marks a significant improvement from a gross profit of 704,646 rupees in the same quarter of the prior year. For the nine-month period, the gross profit reached 309.76 million rupees, up from 73.12 million rupees last year.
Other income for Saif Power Limited saw an increase to 163.19 million rupees for the quarter, from 154.85 million rupees in the previous year. However, administrative expenses rose to 92.95 million rupees, up from 70.57 million rupees in the same quarter of the previous year.
The finance cost for the quarter increased to 164.02 million rupees from 150.66 million rupees, while a reversal for expected credit loss on financial assets contributed 26.44 million rupees during the third quarter.
According to information available from the Pakistan Stock Exchange (PSX), Saif Power Limited reported a profit before levy and income tax of 11.35 million rupees for the third quarter of 2026. This contrasts with a loss of 65.67 million rupees during the same period in 2025. For the nine months ending September 30, 2026, the profit before levy and income tax was 68.69 million rupees, compared to a loss of 161.42 million rupees in the previous year.
The earnings per share for the third quarter were recorded at 0.03 rupees, an improvement from a loss per share of 0.17 rupees in the same period last year. For the nine-month period, earnings per share stood at 0.18 rupees, up from a loss per share of 0.42 rupees last year.
The financial results fall under the designated market category of Saif Power Limited’s operations and provide insights into the company's performance over the reported period.