Karachi: Nimir Industrial Chemicals Limited, a prominent player in the Pakistan Stock Exchange's designated market category, has reported a notable increase in its quarterly revenue, according to its un-audited financial results for the first quarter ended September 30, 2026. The company announced these results on October 20, 2026.

The financial statement reveals that the total assets of the company have declined to Rs. 34.35 billion from Rs. 35.99 billion as of June 2026. This reduction in assets is complemented by a contraction in current assets, which now stand at Rs. 20.68 billion, down from Rs. 22.31 billion in the previous quarter.

According to the detailed financial report, the revenue from contracts with customers grossed Rs. 17.90 billion, up from Rs. 14.61 billion during the same quarter last year, marking a very large or significant move. After accounting for sales tax and trade discounts, the net revenue was recorded at Rs. 15.27 billion, compared to Rs. 12.46 billion in the previous year.

The company's cost of revenue rose to Rs. 13.22 billion from Rs. 10.90 billion, resulting in a gross profit of Rs. 2.06 billion, compared to Rs. 1.56 billion in the previous year. This increase in gross profit reflects the company's improved operational performance amid rising costs.

In terms of expenses, distribution costs surged to Rs. 260.67 million from Rs. 152.61 million, and administrative expenses rose to Rs. 191.68 million from Rs. 162.02 million. The operating profit for the quarter stood at Rs. 1.60 billion, an increase from Rs. 1.25 billion the previous year.

The finance cost witnessed a decrease, amounting to Rs. 464.27 million compared to Rs. 506.17 million last year. Consequently, the profit before income tax and levy was Rs. 1.09 billion, up from Rs. 717.08 million. After accounting for taxation, which increased to Rs. 407.65 million from Rs. 201.57 million, the profit after income tax was reported at Rs. 666.27 million, illustrating a moderate move from Rs. 503.52 million last year.

According to information available from the Pakistan Stock Exchange (PSX), Nimir Industrial Chemicals Limited's financial performance reflects a solid foundation despite the challenges posed by fluctuating asset values and increased operational costs.

The earnings per ordinary share, both basic and diluted, rose to Rs. 6.02 from Rs. 4.55, indicating an improved return to shareholders. This performance underscores the company's robust revenue management and cost control strategies amid an evolving economic landscape.