Lahore: Nishat Power Limited announced its un-audited financial results for the third quarter ending March 31, 2026, revealing a significant turnaround in profitability compared to the same period last year. The company reported a profit after taxation of PKR 1,659.26 million, a notable recovery from a loss of PKR 2,112.85 million in the previous year.

The Board of Directors, in a meeting held on April 28, 2026, at the company’s headquarters in Lahore, recommended an interim cash dividend of PKR 1.50 per share, equivalent to 15%. The dividend will be distributed to shareholders recorded in the company’s register by the close of business on May 8, 2026. The share transfer books will remain closed from May 11, 2026, to May 12, 2026, to facilitate this dividend entitlement.

The financial results indicate a revenue from contracts with customers amounting to PKR 5,146.66 million for the quarter ended March 31, 2026. Administrative and other expenses for the quarter were recorded at PKR 495.44 million. The company’s profit from operations stood at PKR 355.27 million, with a finance cost of PKR 11.53 million. The resulting profit before taxation for the quarter was PKR 748.92 million.

According to information available from the Pakistan Stock Exchange (PSX), Nishat Power Limited has demonstrated a significant move with its earnings per share increasing to PKR 1.95 from PKR 1.83 in the corresponding quarter of the previous year. This performance underscores the company’s financial resilience and strategic management.

The statement of financial position as of March 31, 2026, reflects total equity of PKR 29,634.42 million, with non-current assets valued at PKR 9,541.00 million. The company’s current assets amount to PKR 25,254.29 million, against current liabilities of PKR 5,160.87 million.

Nishat Power Limited’s financial recovery is further emphasized by its profit before levy and taxation, recorded at PKR 748.92 million, compared to PKR 683.37 million in the same quarter of the previous fiscal year. This marks a continued upward trajectory for the company in the designated market category.