Engro Holdings’ First Half Profit Down by 41%

Engro Holdings Limited documented a 41 percent year-on-year (YoY) decline in consolidated profit after tax to Rs.

Key points

• Arif Habib Limited maintained a purchase stance on Engro Holdings with a June 2027 target rate of Rs.
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• For 2QCY26, Engro Holdings posted consolidated profit after tax of Rs.
• The company's H1CY26 revenue rose 5 percent YoY to Rs.

For context, the company's H1CY26 revenue rose 5 percent YoY to Rs. 259.3 billion from Rs. While gross profit rose 31 percent to Rs, 247.3 billion. 72.7 billion. According to Arif Habib Limited, higher costs and a sharp decline in other income weighed on overall earnings. IFC Approves $10 Million Loan for Women and Small Businesses in Pakistan.

For 2QCY26, Engro Holdings posted consolidated profit after tax of Rs. 8.97 billion, down 70 percent YoY from Rs. 29.76 billion. EPS stood at Rs. 7.45 compared with Rs. 24.71 in 2QCY25.

Profitability declined during the quarter mainly due to higher-than-expected cost of sales and rose administrative expenses. Total borrowings additionally rose 36 percent YoY to Rs. While finance costs rose 5 percent to Rs, 392 billion, primarily due to funding for the company's telecom towers business. 12.7 billion.

On the fertilizer side, EFERT documented 2QCY26 net profit of Rs. 3.8 billion, down 32 percent YoY due to weaker fertilizer offtakes. While earnings were backed by a one-off Rs, net sales declined 34 percent YoY and 13 percent quarter over quarter. 1.8 billion gain from the remeasurement of the Sui Northern Gas Pipelines Limited provision. Govt Intends New Rs. 250 Billion Entity for FESCO, GEPCO, IESCO Sale.

Engro Holdings' power portfolio additionally remained a key contributor, with EPCL contributing Rs. 706 million to 2QCY26 earnings and FCEPL contributing Rs. 1.02 billion.

Meanwhile, the tower business contributed approximately Rs. 3 billion during the quarter. Arif Habib Limited maintained a purchase stance on Engro Holdings with a June 2027 target rate of Rs. 360 per share.

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For now, engro Holdings' First Half Profit Down by 41% remains the part of the story worth watching, and further updates are likely as more details are confirmed.