Engro Polymer & Chemicals Limited (EPCL) held a corporate briefing session to discuss its financial performance and market outlook for 9M 2026, highlighting significant improvements in revenue and profit margins.
- Revenue increased by 13% YoY to PKR 65 Bn, driven by higher PVC prices and sales volumes.
- Gross profit surged by 50% YoY, reaching PKR 5.2 Bn, reflecting improved operational efficiencies.
- The company reported a profit of PKR 0.3 Bn compared to a loss of PKR 3.5 Bn in the previous year.
- PVC sales volumes rose by 4% YoY, supported by government housing stimulus and favorable market conditions.
- Global PVC prices have rebounded due to rising ethylene costs, with core delta increasing to $328/MT in Q3.
- The company is focused on cash conservation and optimizing costs amid macroeconomic challenges, including inflation and exchange rate fluctuations.
- Future outlook remains optimistic with expected growth in domestic PVC demand driven by infrastructure projects.