AKD Research has published a report on ENGROH’s 1QCY26 financial results today. In a nutshell, earnings exceeded expectations, driven by higher other income. Engro Holdings Ltd. (ENGROH) announced its 1QCY26 results, reporting consolidated earnings of PkR10.2bn (EPS: PkR8.5) compared with PkR1.8bn (EPS: PkR1.5) in SPLY, up 6x YoY. Earnings came in above our expectations, driven by higher-than-anticipated other income. The company did not announce a dividend due to increased cash requirements for the acquisition of Deodar.
· The inclusion of the energy portfolio primarily drives the YoY surge in earnings. To highlight, the company reclassified its energy business from ” held for sale back to continuous profits from 2QCY25 amid the termination of thermal assets sales in Ap ’255.
· Segment wise, energy portfolio has contributed PkR4.8bn (PkR4.0/sh) during 1QCY26, as per our estimates. Wherein EPTL, SECMC, and EPQL are expected to have contributed PkR 3.0/0.9/0.1 per share.
Full Report
https://research.akdsl.com/639128987655651089.pdf
Courtesy- AKD Research
