$HUBC The Hub Power Company Limited (HUBC): 1QFY26 Result Review – By Taurus Research
$HUBC
The Hub Power Company Limited
Rs. 219.38
+0.20%
- Net sales declined 46%YoY to PKR 17.4Bn, mainly due to the absence of the base plant’s earnings and lower tariffs for NEL. On a QoQ basis, revenue fell 7%, reflecting lower plant utilization at Laraib.
- Earnings from associates came around PKR 10.8Bn, up 4%YoY, primarily due to better profit contribution from CPHGC. However, sequentially, contribution from Mega Motors is also likely to have increased.
- Finance costs declined 54%YoY to PKR 2.5Bn, driven by lower interest rates and debt repayments on loans previously taken for Chinese IPPs, which have eased borrowing pressures. The Company continues deleveraging its balance sheet, containing finance charges.