Karachi: Orient Rental Modaraba has reported its financial results for the quarter ended September 30, 2026, showcasing a considerable increase in profit. The figures were released in a report dated October 28, 2026, highlighting a notable performance in the current financial cycle.
In the latest quarter, Orient Rental Modaraba recorded a profit of 43.99 million rupees, a significant increase from the 29.03 million rupees reported in the corresponding quarter of 2025. This marks a very large or significant move in profit growth, reflecting robust business operations and strategic financial management.
The company's net Ijarah rentals increased to 368.27 million rupees from 322.63 million rupees in the previous year's quarter. Additionally, operation and maintenance income rose to 320.44 million rupees, up from 288.40 million rupees, indicating strong performance in these segments.
Total income for the quarter reached 690.07 million rupees, compared to 612.05 million rupees in the same period last year. Gross profit saw an upturn, reaching 134.68 million rupees, up from 121.65 million rupees. Operating expenses increased to 555.39 million rupees from 490.39 million rupees, yet the company managed to sustain a solid gross profit margin.
According to information available from the Pakistan Stock Exchange (PSX), the administrative and marketing expenses rose slightly to 21.64 million rupees from 19.81 million rupees. Other expenses also saw a rise to 860,306 rupees compared to 650,894 rupees in the prior year. Other income slightly decreased to 6.96 million rupees from 7.26 million rupees.
The finance cost was reduced to 19.10 million rupees from 22.16 million rupees, while an impairment on financial assets amounting to 2.50 million rupees was recorded for the quarter. The profit before levies and taxation stood at 87.89 million rupees, up from 77.76 million rupees in the previous year.
Levies for the period increased to 23.22 million rupees from 16.03 million rupees, resulting in a profit before taxation of 64.67 million rupees, slightly up from 61.73 million rupees. The taxation expense saw a decline to 20.68 million rupees from 32.70 million rupees, contributing to the overall profit increase.
Earnings per certificate, both basic and diluted, rose to 0.59 rupees from 0.39 rupees, reflecting the company's enhanced earning capacity. The results underscore Orient Rental Modaraba's positive trajectory and its ability to deliver improved financial outcomes.