Karachi: First Paramount Modaraba, managed by Paramount Investments Limited, has reported a decline in profit for the financial period ending March 31, 2026. The results, approved by the Board of Directors during a meeting on April 30, 2026, indicate a decrease in profit after taxation to Rs 10.61 million, down from Rs 15.19 million in the same period of the previous year. This marks a significant move in the financial performance of the company.

According to the financial statements, the company’s income from trading operations fell to Rs 48.30 million compared to Rs 56.17 million from the previous year. Additionally, income from murabaha financing increased to Rs 13.12 million, while income from musharaka financing stood at Rs 1.35 million. Despite these earnings, the company’s administration and operating expenses grew to Rs 35.87 million from Rs 32.17 million, contributing to the reduced profit margins.

The financial charges for the period amounted to Rs 13.02 million, a reduction from Rs 16.59 million the prior year. The management fee charged by the Modaraba Company also decreased to Rs 1.69 million from Rs 2.43 million.

According to information available from the Pakistan Stock Exchange (PSX), First Paramount Modaraba did not declare any cash dividends, bonuses, or right shares for this period. This decision could have implications for investors looking for returns in the form of dividends.

The statement of financial position revealed total assets of Rs 539.76 million, up from Rs 509.28 million as of June 30, 2025. Non-current assets decreased slightly to Rs 56.69 million, while current assets increased to Rs 483.07 million from Rs 466.20 million.

In terms of liabilities, non-current liabilities rose to Rs 145.67 million, and current liabilities increased to Rs 109.58 million. The total equity and liabilities saw a rise to Rs 539.76 million from Rs 509.28 million, reflecting a strengthening of the company’s financial position.

The earnings per certificate, both basic and diluted, were reported at Rs 0.77 for the nine-month period, a decrease from Rs 1.10 from the previous year. The reduction in earnings per certificate highlights the challenges faced by the Modaraba in maintaining its profitability levels amidst rising expenses.

First Paramount Modaraba’s quarterly report will be disseminated through PUCARS and will also be accessible on the company’s website, providing further insights into the financial performance for stakeholders and the market at large.