Lahore: Nimir Resins Limited has disclosed its unaudited financial results for the quarter ending on September 30, 2026, indicating a substantial increase in net profit. The company's net profit for the period reached Rs. 156.33 million, a significant move from Rs. 65.16 million reported in the same quarter last year. The earnings per share rose to Rs. 1.11 from Rs. 0.46, marking a notable improvement in the company's financial performance.
The statement of financial position for the first quarter of 2026 reveals total assets amounting to Rs. 8.17 billion, a slight decrease from Rs. 8.24 billion as of June 2026. The non-current assets were valued at Rs. 1.63 billion, while current assets stood at Rs. 6.54 billion.
In the equity and liabilities section, the total equity and reserves were recorded at Rs. 4.12 billion. Current liabilities were Rs. 3.85 billion, with trade and other payables amounting to Rs. 1.02 billion. Short-term borrowings decreased to Rs. 2.06 billion from Rs. 2.42 billion in the previous quarter.
According to information available from the Pakistan Stock Exchange (PSX), Nimir Resins Limited's gross revenue for the quarter was Rs. 3.89 billion, up from Rs. 3.06 billion in the same period last year. After accounting for sales tax, the net revenue stood at Rs. 3.29 billion. The cost of sales was Rs. 2.84 billion, resulting in a gross profit of Rs. 447.08 million, compared to Rs. 272.84 million in the same quarter last year.
Operating expenses, including distribution costs and administrative expenses, totaled Rs. 101.36 million, leading to an operating profit of Rs. 345.72 million. After deducting other operating expenses and finance costs, the profit before income tax and levies amounted to Rs. 248.10 million. The taxation for the period was Rs. 91.77 million, resulting in the net profit of Rs. 156.33 million.
The financial results underscore a robust growth trajectory for Nimir Resins Limited, reflecting strong operational performance and improved profitability during the quarter ending September 30, 2026.