Karachi: LSE Capital Limited has reported a significant decrease in its quarterly profits for the first quarter ended September 30, 2026, compared to the same period last year, according to the company's financial results released on October 30, 2026.

The company's net revenue for the quarter increased to 44,029 thousand rupees from 38,184 thousand rupees, representing a very large move in revenue growth. However, this increase was overshadowed by a rise in operating expenses. Administrative and general expenses rose to 45,637 thousand rupees from 34,541 thousand rupees, while other operating expenses increased to 4,266 thousand rupees from 3,345 thousand rupees.

Consequently, LSE Capital Limited recorded an operating loss of 5,874 thousand rupees, a stark contrast to the operating profit of 298 thousand rupees reported in the corresponding quarter of the previous year. Other income also saw a decline, falling to 30,903 thousand rupees from 39,016 thousand rupees.

The share of post-tax profits from associates rose to 15,952 thousand rupees from 14,658 thousand rupees, and the finance cost increased significantly to 16,179 thousand rupees from 4,340 thousand rupees. These changes led to a profit before levy and taxation of 24,802 thousand rupees, down from 49,632 thousand rupees.

According to information available from the Pakistan Stock Exchange (PSX), the company faced a levy of 144 thousand rupees, a notable decrease from the previous year's 10,142 thousand rupees. This resulted in a profit before taxation of 24,658 thousand rupees, down from 39,490 thousand rupees. After accounting for taxation of 10,633 thousand rupees, the profit for the period stood at 14,025 thousand rupees, marking a very large move downward from the previous year's profit of 39,490 thousand rupees.

The earnings per share, both basic and diluted, decreased to 0.04 rupees from 0.10 rupees, indicating a significant impact on shareholders' returns.