Karachi: Engro Polymer & Chemicals Ltd. (EPCL) announced its financial results for the second quarter of the calendar year 2026, revealing a profitability of PKR1.3 billion, equivalent to an earnings per share (EPS) of PKR1.0. This marks a significant turnaround from the same period last year, where the company experienced a loss of PKR2.4 billion, or a loss per share (LPS) of PKR2.6. The positive outcome was largely influenced by one-off gains, tax reversals, and improved core-delta margins.

According to AKD Securities Limited, the company’s revenue saw a decline of 14% year-on-year, totaling PKR17.1 billion. This reduction was attributed to lower sales volumes due to increased prices and a 21-day maintenance shutdown. However, gross margins showed improvement, rising to 11.9% from the previous year's 0.2%, driven by a 27% year-on-year increase in average PVC-Ethylene core margins to US$349 per ton. Additionally, operating expenses witnessed a decrease of 9% to PKR1.3 billion from PKR1.4 billion in the same period last year.