Lalpir Power Limited has released its first quarterly report for the period ended March 31, 2026, detailing a significant turnaround from a loss to a profit.
- The company reported a profit after tax (PAT) of PKR 213M, compared to a loss of PKR 463M in the same quarter last year.
- Earnings per share (EPS) improved to PKR 0.76 from a loss of PKR 1.22.
- Revenue for the quarter was not explicitly stated, but the profit from operations was PKR 231.28M, a notable recovery from a loss of PKR 427.77M last year.
- Total equity as of March 31, 2026, stands at PKR 11,755.77M, up from PKR 11,542.37M at the end of 2025.
- The company holds surplus funds of approximately PKR 9,569M, primarily in mutual funds and cash, to support ongoing operations and a new strategic investment plan.
- The Board has approved an Alternate Business Plan involving the sale of plant and machinery, reflecting a strategic shift following the early termination of its Power Purchase Agreement (PPA) effective October 1, 2024.
- The report is un-audited and covers the first quarter of 2026.