Karachi: Engro Fertilizers Ltd. (EFERT) reported a significant 57% year-over-year increase in earnings for the third quarter of the calendar year 2026, announcing a profit of PkR9.1 billion compared to PkR5.8 billion in the same period last year. The surge is attributed to increased volumes and higher prices, resulting in improved revenue.

According to AKD Securities Limited, EFERT's analyst briefing highlighted the company's strategic achievements, including a notable rise in urea and DAP sales volumes, which increased by 21% and threefold, respectively. EFERT declared a dividend of PkR5.50 per share, slightly up from PkR4.50 in the same period last year, although the payout ratio decreased to 81% compared to 103% previously. The management emphasized its commitment to maintaining robust dividend payouts moving forward.

EFERT's market share in urea sales rose to 38% from 34% in the corresponding period last year, reaching 711,000 tons in the third quarter. The management credited this improvement to strategic planning and efficient supply-chain management, aided by improved farm economics that have supported the company's growth trajectory.