Karachi: Popular Islamic Modaraba's financial performance for the quarter ending September 30, 2026, showed a slight decline in profitability compared to the same period last year. The un-audited profit after taxation stood at 3,908,627 rupees, marginally down from 3,962,791 rupees recorded in the previous year, according to the company's financial report released on October 26, 2026.

The report indicated that income for the quarter was 7,770,660 rupees, a decrease from the 8,056,503 rupees reported for the same quarter in 2025. Despite this, the operating expenses rose to 1,743,015 rupees from 1,507,921 rupees, while depreciation of Ijarah assets saw a reduction from 776,116 rupees to 455,630 rupees. Consequently, the operating profit slightly decreased to 5,572,015 rupees from the previous year's 5,772,466 rupees.

The company recorded other income of 268,949 rupees, an increase from 143,163 rupees last year. As a result, the profit before management fee was 5,840,964 rupees compared to 5,915,629 rupees in the previous period. The management fee, including sales tax, totaled 335,855 rupees, slightly higher than last year's 334,233 rupees.

According to information available from the Pakistan Stock Exchange (PSX), the earnings per certificate, both basic and diluted, remained steady at 0.20 rupees. The profit before taxation showed a minor move, decreasing to 5,505,109 rupees from 5,581,396 rupees, while taxation was recorded at 1,596,482 rupees compared to 1,618,605 rupees last year.

With no other comprehensive income reported, the total comprehensive income mirrored the profit after taxation at 3,908,627 rupees. The financials underscore a stable performance for Popular Islamic Modaraba amidst a challenging economic environment in the designated market category.