Karachi: EMAN Management (Private) Limited, the management company of Orient Rental Modaraba, reported a significant decrease in its profit for the nine-month period ending March 31, 2026. The financial results were approved during the Board of Directors’ meeting held on April 28, 2026, at the company’s registered office in Karachi.

For the nine months ended March 31, 2026, Orient Rental Modaraba reported a profit of 71.72 million rupees, compared to 154.41 million rupees in the same period the previous year, representing a very large or significant move of -53.55%. The company also noted a decline in its quarterly profit, which decreased to 20.77 million rupees from 51.91 million rupees, marking a very large or significant move of -59.97% from the same quarter last year.

The company announced that there would be no cash dividends, bonus shares, right shares, or any other entitlements or corporate actions based on the financial statements for the period. EMAN Management further confirmed that there was no other price-sensitive information to report at this time.

According to information available from the Pakistan Stock Exchange (PSX), the Modaraba’s revenue streams showed mixed results. Ijarah rentals netted 950.06 million rupees for the nine-month period, a decrease from 1,056.40 million rupees in the previous year, indicating a big move of -10.09%. However, operation and maintenance income rose to 889.90 million rupees from 779.01 million rupees, reflecting a moderate move of 14.23%.

The company reported total operating expenses of 1.50 billion rupees, up from 1.38 billion rupees, resulting in a gross profit of 347.64 million rupees, down from 455.46 million rupees in the previous year. Administrative expenses were slightly higher at 53.38 million rupees, compared to 51.98 million rupees, and finance costs decreased to 61.64 million rupees from 91.10 million rupees.

EMAN Management also reported net cash generated from operating activities amounting to 127.89 million rupees, compared to a net cash usage of 254.01 million rupees in the previous year. The net cash generated from investing activities was 5.51 million rupees, while financing activities resulted in a net cash usage of 103.11 million rupees.

Despite the decline in profit, the company ended the period with cash and cash equivalents of 224.70 million rupees, an increase from 194.41 million rupees at the beginning of the period.