AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service
Karachi: Hub Power Company Ltd (HUBC) is expected to report a notable decline in its net profit after tax (NPAT) for the third quarter of fiscal year 2025. The anticipated NPAT of PkR10.7 billion, translating to earnings per share (EPS) of PkR8.25, marks a significant 38% decrease compared to the same period last year, according to a recent analysis by AKD Securities Limited.
The company is also projected to experience its lowest consolidated revenue in four years, with an estimated topline of PkR14.3 billion. This represents a 55% decrease year-on-year and an 8% decline quarter-on-quarter. The earnings and revenue downturn occurs amid setbacks related to power purchase agreements.
In other developments, March 2025 saw the official entry of BYD, a prominent Chinese auto manufacturer, into the domestic market. The company began sales of its Atto-3 and Seal models, marking a significant expansion in the automotive sector.
The analysis suggests that HUBC’s financial performance is being notably impacted by external contractual challenges, while the automotive market witnesses new opportunities with the entry of international players like BYD.