TPL Properties Ltd (PSX: TPLP) announced its results for the three months to 30 September 2026 on 4 November 2026. It reported a loss after tax of Rs 281 M, or Rs -0.50 a share, against a loss of Rs 1.04 bn in the same period last year. Sales or revenue came to Rs 38.3 M, +108.0% on a year earlier. No payout was announced with these results. These are the group (consolidated) figures from the company’s results filed with PSX, for the quarter to 30 September 2026. On its own (unconsolidated) basis the company made a loss after tax of Rs 197.4 M against a profit of Rs 1,589.1 M a year earlier, or a loss of Rs 0.35 a share against earnings of Rs 2.83. The results table on the PSX website shows a different basis.
The numbers
| Quarter to September 2026 | This year | Last year | Change |
|---|---|---|---|
| Sales / revenue | Rs 38.3 M | −Rs 481 M | +108.0% |
| Profit after tax | −Rs 281 M | −Rs 1.04 bn | – |
| Earnings per share | Rs -0.50 | Rs -1.85 | – |
| Profit before tax | −Rs 253 M | −Rs 1.03 bn | – |
| Net margin | -732.6% | 216.6% |
The net margin narrowed to -732.6% from 216.6% a year earlier, so costs or financing took a larger share of sales.
Valuation
| Price to book value | 2.41x |
| Our fair value estimate | Rs 2.16 (margin of safety −486%) |
| Pulse Score | 28 / 100 |
| Market value | Rs 7.11 bn |
| 52-week range | Rs 6.00 to Rs 16.08 |
Earnings momentum
Over the last 12 months profit after tax changed by −22.5% and operating profit by −1,568.9% on the year before; in the latest quarter against a year earlier the figures were +73.0% and −111.1%. Our earnings momentum check, which looks for profit and operating profit accelerating together, shows no signal. It is one input to the Pulse Score, not a recommendation. These figures may not yet include the quarter just announced.
Market reaction
The share price has moved +5.7% since the close before the announcement (Rs 11.99 to Rs 12.67 on 4 November 2026), against +2.4% for the KSE-100 over the same days.
Dividend record
The company paid a cash dividend in 2 of the last 9 years.
Off-market: 2 negotiated block trades worth Rs 69.0 M in the last 20 sessions, on average −2.5% against the market price.
What to watch
- The full report. The company’s quarterly report, with the directors’ review, usually follows within a few weeks and explains what drove the change.
- Next results. The next set of results is expected around 26 February 2027.
- Margins. Whether the lower margin is a one-off or a trend; the directors’ review in the full report usually explains it.
The full picture, with the score breakdown, fair value estimate and price history, is on the TPLP page of the Market Pulse Hub dashboard.
Bilal, Market Pulse Hub
Source: results as reported to the Pakistan Stock Exchange on 4 November 2026, with operating profit and profit before tax from the company’s report filed with PSX; prices and payouts from PSX. Changes, margins and valuation ratios are our calculations. This article is generated automatically from the reported figures and does not include the company’s own commentary. It is for information only and is not investment advice.