{"id":11045,"date":"2025-08-07T11:29:39","date_gmt":"2025-08-07T06:29:39","guid":{"rendered":"https:\/\/ksestocks.com\/blog\/?p=11045"},"modified":"2025-08-07T11:30:40","modified_gmt":"2025-08-07T06:30:40","slug":"power-sector-earnings-update-august-2025","status":"publish","type":"post","link":"https:\/\/ksestocks.com\/blog\/power-sector-earnings-update-august-2025\/","title":{"rendered":"Power Sector Earnings Update, August 2025"},"content":{"rendered":"\n

Two of Pakistan\u2019s major power producers, Nishat Power Limited (NPL<\/a>) <\/strong>and Nishat Chunian Power Limited (NCPL<\/a>)<\/strong>, just shared a sneak peek of their financial results for the April\u2013June 2025 quarter. Let\u2019s break it down in simple terms:<\/p>\n\n\n\n

Nishat Power Limited (NPL)<\/h2>\n\n\n\n
    \n
  • Earnings:<\/strong> Expected at Rs 698 million<\/strong>, or Rs 2.0 per share<\/strong><\/li>\n\n\n\n
  • Dividend:<\/strong> Rs 2.0\/share<\/strong> expected, bringing total for the year to Rs 8.0\/share<\/strong><\/li>\n\n\n\n
  • Revenue:<\/strong> Down 61%<\/strong> YoY, but improved 24%<\/strong> from last quarter<\/li>\n\n\n\n
  • Reason for dip:<\/strong> NPL\u2019s plant ran at just 8% capacity<\/strong>, far below last year\u2019s 26%, which means it didn\u2019t earn as much \u201ccapacity payment\u201d (a fixed amount paid for availability of the plant).<\/li>\n\n\n\n
  • Positives:<\/strong> Seasonal rise in electricity demand helped boost revenue QoQ. Interest earned on cash reserves also supported profit.<\/li>\n<\/ul>\n\n\n\n

    Bottom Line:<\/strong> Despite lower plant use and revenue, NPL still expects to reward shareholders with a healthy Rs 2.0 dividend, thanks to solid cash on hand.<\/p>\n\n\n\n

    Nishat Chunian Power Limited (NCPL)<\/h2>\n\n\n\n
      \n
    • Earnings:<\/strong> Expected at Rs 572 million<\/strong>, or Rs 1.6 per share<\/strong><\/li>\n\n\n\n
    • Dividend:<\/strong> Rs 2.0\/share<\/strong> likely, same as the previous quarter<\/li>\n\n\n\n
    • Revenue:<\/strong> Down 22%<\/strong> YoY, but up 71%<\/strong> from the last quarter<\/li>\n\n\n\n
    • Why the increase?<\/strong> Better electricity dispatches and seasonal demand helped lift sales.<\/li>\n<\/ul>\n\n\n\n

      However, remember that NCPL took a big one-time financial hit earlier this year due to waiving interest payments, which is why the full-year numbers look weak.<\/p>\n\n\n\n

      Bottom Line:<\/strong> NCPL\u2019s healthy cash reserves are supporting continued dividends, with Rs 9.0\/share<\/strong> expected for the full year.<\/p>\n\n\n\n

      Quick comparison<\/h2>\n\n\n\n
      Metric<\/th>NPL<\/th>NCPL<\/th><\/tr><\/thead>
      EPS (4QFY25)<\/td>Rs 2.0<\/td>Rs 1.6<\/td><\/tr>
      Dividend (4QFY25)<\/td>Rs 2.0<\/td>Rs 2.0<\/td><\/tr>
      Annual Dividend<\/td>Rs 8.0<\/td>Rs 9.0<\/td><\/tr>
      Revenue Growth QoQ<\/td>+24%<\/td>+71%<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

      What does this mean for investors?<\/h2>\n\n\n\n

      Both companies are seeing better demand<\/strong> this quarter due to the summer season, but plant utilization is still low<\/strong>, and earnings are below last year\u2019s levels. However, dividends remain strong<\/strong>, making these stocks potentially attractive for income-focused investors.<\/p>\n\n\n\n

      Keep an eye on how plant usage improves and whether capacity payments return to normal in the coming quarters!<\/p>\n\n\n\n

      Source: Taurus Securities Limited<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

      Two of Pakistan\u2019s major power producers, Nishat Power Limited (NPL) and Nishat Chunian Power Limited (NCPL), just shared a sneak peek of their financial results for the April\u2013June 2025 quarter. Let\u2019s break it down in simple terms:<\/p>\n","protected":false},"author":11,"featured_media":6864,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[154,138],"tags":[34,31],"class_list":["post-11045","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","category-financials","tag-ncpl","tag-npl"],"featured_image_src":{"landsacpe":["https:\/\/ksestocks.com\/blog\/wp-content\/uploads\/2024\/11\/NPL-STOCK-PSX-1140x445.png",1140,445,true],"list":["https:\/\/ksestocks.com\/blog\/wp-content\/uploads\/2024\/11\/NPL-STOCK-PSX-463x348.png",463,348,true],"medium":["https:\/\/ksestocks.com\/blog\/wp-content\/uploads\/2024\/11\/NPL-STOCK-PSX-300x188.png",300,188,true],"full":["https:\/\/ksestocks.com\/blog\/wp-content\/uploads\/2024\/11\/NPL-STOCK-PSX.png",1920,1200,false]},"_links":{"self":[{"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/posts\/11045","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/comments?post=11045"}],"version-history":[{"count":2,"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/posts\/11045\/revisions"}],"predecessor-version":[{"id":11047,"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/posts\/11045\/revisions\/11047"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/media\/6864"}],"wp:attachment":[{"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/media?parent=11045"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/categories?post=11045"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/tags?post=11045"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}