Karachi: Engro Holdings Ltd. (ENGROH) announced its first-quarter results for the calendar year 2026, revealing a substantial increase in consolidated earnings to PkR10.2 billion, a sixfold rise compared to PkR1.8 billion during the same period last year. The surge in earnings, driven primarily by higher-than-expected other income, surpassed expectations. The company did not declare a dividend, citing increased cash requirements for the acquisition of Deodar.
According to AKD Securities Limited, the year-over-year increase in earnings is largely attributed to the inclusion of Engro's energy portfolio. The company had reclassified its energy business from 'held for sale' to continuous profits starting in the second quarter of 2025, following the termination of thermal asset sales in April 2025. This strategic shift played a key role in the earnings boost.
The energy portfolio contributed an estimated PkR4.8 billion to the first-quarter earnings, translating to PkR4.0 per share. Within this segment, Engro Powergen Thar Limited (EPTL), Sindh Engro Coal Mining Company (SECMC), and Engro Powergen Qadirpur Limited (EPQL) are projected to have contributed PkR3.0, PkR0.9, and PkR0.1 per share, respectively.
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