NPL reports profit worth Rs943mn in 1QFY23 – Mettis Global Link

October 21, 2022 (MLN): The income immediately after tax (PAT) of Nishat Power Limited (NPL) has inched up by 3% YoY in the course of the quarter that ended on September 30, 2022, to clock in at Rs943.14 million (EPS: Rs2.66) compared to Rs915mn (EPS: 2.58) in the exact period past 12 months (SPLY), the company submitting on PSX confirmed nowadays.

The substantial drop in other money by 48% YoY has limited the base line to write-up significant progress in 1QFY23.

In conjunction with the success, the business also introduced an interim funds dividend of Rs2 per share i.e, 20% for the quarter that finished on September 30, 2022.

While the income of the firm has witnessed a two-fold surge YoY to stand at Rs11.45bn on the back again of a better load aspect together with increased FO price ranges, versus Rs5.72bn in 1QFY22, the colossal surge in cost of profits by more than two folds has squeezed the gross margin of the corporation to 10% from 17% in SPLY.

Additionally, the finance charge of the business also shrank by 46.54% YoY to Rs30mn in the course of the critique period which provided some respite to the base line.

On the charge aspect, the administrative charge inched up by 24% YoY to stand at Rs92mn even though the other expenditures clocked in at Rs72mn in 1QFY23.

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Posted on:2022-10-21T16:19:30+05:00

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