International Packaging Films Limited

IPAK posts flat quarterly profit as margins narrow

International Packaging Films Limited (IPAK) reported consolidated revenue of PKR 11.13bn for the quarter ended 30 September 2026, up 9.2% year on year, while profit after tax was flat at PKR 705m. Gross profit fell to PKR 1.62bn from PKR 1.75bn as margins normalised after two unusually strong quarters, with a 16% drop in finance costs partly offsetting the impact.

Why this mattersExport sales nearly doubling while gross profit fell shows a Pakistani film producer growing volume abroad at the cost of margin.

• Consolidated revenue rose 9.2% to PKR 11.13bn for Q1 ended 30 September 2026
• Consolidated profit after tax was PKR 705m, against PKR 704m a year earlier
• Gross profit fell to PKR 1.62bn from PKR 1.75bn
• Group export sales nearly doubled to PKR 3.52bn (about USD 12.68m) from PKR 2.44bn
• Finance costs dropped 16% year on year
• Standalone revenue was PKR 3.42bn with profit after tax of PKR 211m

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