Kohinoor Energy Limited
By PSX Investors Zone · Updated October 27, 2026
Kohinoor Energy Limited (PSX: KOHE) is a Pakistani independent power producer operating a 124 MW net-capacity furnace oil-fired power plant near Raiwind, Lahore. In FY2026, it reported revenue of Rs. 6.36 billion, profit after tax of Rs. 743.42 million and EPS of Rs. 4.39. Its first-quarter FY2026–27 results showed EPS of Rs. 2.43. On October 1, 2026, the company disclosed a non-binding MoU to explore a battery assembly and energy-storage joint venture. Investors should also consider operating-margin pressure, the approaching PPA expiry, the PSX Risk Warning Alert and the need to verify current Shariah status before treating KOHE as an eligible Shariah-compliant investment.
Company Overview
Kohinoor Energy Limited (PSX: KOHE) is a Pakistani independent power producer incorporated on April 26, 1994. It owns, operates and maintains a furnace oil-fired power plant in Lahore with a net generation capacity of 124 MW.
The company generates and sells electricity under a long-term Power Purchase Agreement (PPA). Its performance is influenced by electricity dispatch, contractual payment arrangements, operating costs, finance costs, receivables and regulatory developments in Pakistan's power sector.
Important investor notice: The official Pakistan Stock Exchange (PSX) company page displays a Risk Warning Alert concerning continuous violations and the risk of trading suspension or delisting. Investors should review the latest exchange notice before making any investment decision.
Key Company Facts
| Particular | Details |
|---|---|
| Company Name | Kohinoor Energy Limited |
| PSX Symbol | KOHE |
| Sector | Power Generation & Distribution |
| Industry | Independent Power Producer |
| Founded | 1994 |
| Net Generation Capacity | 124 MW |
| Power Plant | Raiwind Bypass, Lahore |
| Registered Office | Blue Area, Islamabad |
| Financial Year-End | June 30 |
| Official Website | Kohinoor Energy |
| Official PSX Profile | KOHE on PSX |
Latest Company Announcements
The following dated disclosures are important for understanding KOHE's financial performance and future business direction.
October 22, 2026 — First-Quarter FY2026–27 Results
Kohinoor Energy announced its financial results for the quarter ended September 30, 2026.
| Metric | Q1 FY2026–27 | Q1 FY2025–26 |
|---|---|---|
| Revenue | Rs. 4,470.26 million | Rs. 798.47 million |
| Profit After Tax | Rs. 411.78 million | Rs. 139.51 million |
| EPS | Rs. 2.43 | Rs. 0.82 |
Revenue increased by approximately 459.8%, profit after tax rose by approximately 195.2%, and EPS increased from Rs. 0.82 to Rs. 2.43.
These figures show a substantial improvement against a relatively low prior-year comparison. Investors should examine the full quarterly report, operating costs, contractual income and cash flows before assuming this growth rate will continue.
Official source: PSX KOHE announcements and financial statements
October 6, 2026 — FY2026 Annual Report
The company announced transmission of its annual report for the year ended June 30, 2026. Investors can use the annual report to examine its financial statements, cash flows, receivables, financing position, contractual disclosures and principal risks.
Official source: PSX company profile and reports
October 2, 2026 — FY2026 Financial Results
The company announced revenue of Rs. 6,355.05 million, profit after tax of Rs. 743.42 million and EPS of Rs. 4.39. No cash dividend, bonus shares or right shares were declared for FY2026.
Official source: FY2026 results and company announcements
October 1, 2026 — Proposed Battery and Energy-Storage Joint Venture
Kohinoor Energy disclosed a non-binding memorandum of understanding (MoU) with China's Hebei Juhang Energy Technology Group to explore a potential joint venture in Pakistan covering lithium-ion battery packs, battery energy-storage systems and related electrical equipment.
The proposal introduces a possible diversification avenue beyond conventional power generation. However, an MoU is not equivalent to a finalized joint venture, committed investment, commercial production or guaranteed future revenue. Investors should wait for further official disclosures on approvals, financing, ownership structure, implementation and commercial terms.
Official source: KOHE material-information announcement on PSX
Business Model
Kohinoor Energy operates a furnace oil-fired power plant and sells electricity under contractual arrangements with the power purchaser. Its financial results depend on generation and dispatch, contractual payments, operating expenses, financing costs and the collection of receivables.
The potential battery-storage venture could broaden its business interests if implemented, but its financial impact cannot be assessed reliably until definitive terms and progress are disclosed.
Financial Performance
Annual Results: FY2026 vs FY2025
| Financial Metric | FY2026 | FY2025 |
|---|---|---|
| Revenue | Rs. 6,355.05 million | Rs. 4,328.81 million |
| Gross Profit | Rs. 1,158.56 million | Rs. 1,345.65 million |
| Operating Profit | Rs. 849.91 million | Rs. 1,078.25 million |
| Profit Before Tax | Rs. 743.88 million | Rs. 726.65 million |
| Profit After Tax | Rs. 743.42 million | Rs. 724.35 million |
| EPS | Rs. 4.39 | Rs. 4.27 |
Source: FY2026 financial statements. Amounts are rounded.
Revenue rose approximately 46.8% year over year, but profit after tax increased by only 2.6%. Gross profit declined approximately 13.9%, while operating profit fell approximately 21.2%.
Lower finance costs helped support the final earnings result. The contrast between revenue growth and operating-profit performance makes margins, cash generation and the sustainability of contractual income especially important.
Quarterly Earnings Comparison
For Q1 FY2026–27, revenue was Rs. 4.47 billion, profit after tax was Rs. 411.78 million and EPS was Rs. 2.43.
Compared with the corresponding prior-year quarter, revenue increased from Rs. 798.47 million, profit after tax from Rs. 139.51 million and EPS from Rs. 0.82. These comparisons are based on PSX's displayed financial data and should be checked against the original statements when conducting a detailed financial analysis.
Official source: KOHE financials on PSX
Dividend History
The company declared no cash dividend for FY2026.
Its official website records an interim dividend of Rs. 7.00 per share for FY2024–25, credited to shareholder accounts on October 4, 2024. This historical payout should not be interpreted as an indication of future dividends.
Investors should verify subsequent declarations, entitlement dates and payout information through official company announcements.
Sources: Kohinoor Energy official website | PSX payout information
Share Price and Valuation
The latest verified PSX quote used for this profile is the October 26, 2026 closing price of Rs. 15.83.
| Market Metric | Value |
|---|---|
| Closing Price | Rs. 15.83 |
| Previous Close (LDCP) | Rs. 17.41 |
| Daily Change | -Rs. 1.58 (-9.07%) |
| Session High | Rs. 17.40 |
| Session Low | Rs. 15.67 |
| 52-Week High | Rs. 19.79 |
| 52-Week Low | Rs. 12.33 |
| Reported Trailing P/E | 2.64x |
Market data reference: PSX quote dated October 26, 2026. Update the figures before publication if newer market data is available.
Illustrative P/E Calculation
Using the closing price of Rs. 15.83 and FY2026 EPS of Rs. 4.39:
P/E = Share Price ÷ Annual EPS
Rs. 15.83 ÷ Rs. 4.39 = approximately 3.61x
This annual-EPS calculation differs from the exchange's reported trailing P/E of 2.64x because the earnings periods and calculation methods can differ. Neither figure should be treated as a target price or proof that the stock is undervalued.
The approaching PPA expiry, lower operating profit and PSX Risk Warning Alert are material factors when interpreting valuation multiples.
Official source: PSX KOHE quote and financial ratios
Technical Analysis: Support and Resistance
Reference price: Rs. 15.83 at the October 26, 2026 close.
The following levels are approximate technical zones inferred from the latest verified session range and the available 52-week range. They are not guaranteed price floors, analyst targets or a substitute for a current chart with volume and historical swing points.
| Level | Approximate Price Zone | Reasoning |
|---|---|---|
| Immediate Support | Rs. 15.60–15.70 | The October 26 session low and lower circuit limit were Rs. 15.67, making this the nearest observable price area to monitor. |
| Secondary Support | Rs. 14.80–15.00 | A provisional round-number and potential consolidation zone; historical reactions and trading volume must be checked before treating it as established support. |
| Major Historical Support | Around Rs. 12.30–12.50 | Near the reported 52-week low of Rs. 12.33; relevant only if nearer support zones fail. |
| Immediate Resistance | Rs. 17.40–17.50 | Near the previous close of Rs. 17.41 and the October 26 session high of Rs. 17.40. |
| Upper Resistance | Rs. 19.10–19.80 | The upper portion of the recent quoted trading range, including the 52-week high of Rs. 19.79. |
How to Interpret These Levels
- Bullish scenario: A sustained recovery above Rs. 17.40–17.50, supported by improving volume and follow-through, would indicate that the immediate resistance zone is being challenged.
- Bearish scenario: A decisive break below Rs. 15.67 could weaken the near-term structure and put lower price areas under observation. A move toward Rs. 15.00 or below is a scenario, not a prediction.
- Longer-term downside: The 52-week low around Rs. 12.33 is a historical reference, not a guarantee that buyers will defend that level.
- Confirmation matters: Support and resistance are zones, not exact numbers. Volume, closing prices, market conditions and subsequent trading sessions can invalidate them.
Because KOHE's latest verified session showed a sharp decline of 9.07%, technical levels should be treated cautiously. The PSX Risk Warning Alert also creates a material non-technical risk that chart patterns cannot capture.
Chart and quote: Official PSX KOHE page
Key PSX Indices and Market Benchmarks
Investors can compare KOHE's price performance with broader market benchmarks. Index inclusion should be confirmed from official constituent lists rather than inferred from a company's sector or trading symbol.
- KSE-100 Index — broad benchmark of major PSX-listed companies.
- PSX All Share Index — broad market reference covering listed companies.
- KMI-30 Index — benchmark of selected Shariah-compliant companies.
- PSX-KMI All Share Index — reference index for the officially screened Shariah-compliant universe.
Important: Do not assume KOHE is a constituent of the KSE-100, KMI-30 or PSX-KMI All Share Index without checking the relevant official list. Its current Shariah status requires fresh verification.
Key Business and Financial Risks
Power Purchase Agreement Expiry
The company's PPA commenced on June 19, 1997, for a contractual term of 30 years. Its approaching expiry is a major consideration for future revenue visibility, operating continuity and valuation. Review the latest annual report and material-information announcements for updates on an extension or alternative arrangements.
Power-Purchaser Receivables
Delayed payments from power-sector counterparties can place pressure on liquidity, working capital and cash flows. Investors should monitor trade receivables, overdue balances, collections and financing requirements in the latest financial statements.
Operating-Margin Pressure
FY2026 revenue rose substantially while gross and operating profits declined. Future earnings depend on operating costs, dispatch, contractual arrangements and financing expenses.
Fuel and Regulatory Risk
Furnace oil-based generation exposes the company to fuel economics, dispatch decisions and changes in the regulatory environment.
Proposed Battery Venture Execution Risk
The October 1, 2026 MoU could provide a route toward business diversification, but implementation depends on further agreements, approvals, financing, demand and execution. The proposal should not be valued as though future earnings are already secured.
PSX Risk Warning Alert
The official PSX page displays a warning that KOHE is in continuous violation under clauses 5.11.1 or 5.11.2 and faces the risk of trading suspension or delisting under the Exchange's applicable rules.
Investors should check the latest exchange notice and listing status before acting. This warning is a material consideration and should remain visible in the profile until its status is officially resolved.
Official source: PSX KOHE company page
Shariah Screening Status
Status: Verify the latest official screening result before publication as a compliant stock.
PSX's official indices page provides access to the PSX-KMI All Share Index and its Shariah-screening information. A previous compliant classification is not enough to establish current eligibility under a revised methodology.
Before classifying KOHE as Shariah-compliant, verify the latest applicable official list and the effective date. Do not publish a definitive compliance claim or purification rate without supporting official information.
Official source: PSX indices and Shariah-compliant investment information
Credit Rating
The company's investor-information page has reported PACRA entity ratings of AA for the long term and A1+ for the short term. Confirm the latest rating publication and validity period before treating these ratings as current.
Official source: Kohinoor Energy investor information
Frequently Asked Questions (FAQ)
What does Kohinoor Energy Limited do?
Kohinoor Energy operates a 124 MW net-capacity furnace oil-fired power plant near Raiwind, Lahore, and sells electricity under contractual arrangements with Pakistan's power sector.
What was KOHE's EPS in FY2026?
The company reported annual EPS of Rs. 4.39 for the financial year ended June 30, 2026.
What were KOHE's latest quarterly results?
For Q1 FY2026–27, revenue was approximately Rs. 4.47 billion, profit after tax was Rs. 411.78 million and EPS was Rs. 2.43.
Did Kohinoor Energy declare a dividend for FY2026?
No cash dividend was declared for FY2026 in the company's published annual financial results.
What are the key support and resistance levels for KOHE?
Using the October 26, 2026 quote, the nearest observable support area is approximately Rs. 15.60–15.70, while immediate resistance is around Rs. 17.40–17.50. These are provisional technical zones, not guaranteed levels or price targets.
Why is KOHE under a PSX Risk Warning Alert?
The PSX company page states that the company is in continuous violation under specified listing clauses and faces a risk of trading suspension or delisting. Investors should review the latest official PSX notice for current details.
Is KOHE currently Shariah-compliant?
Its current status must be checked against the latest official PSX-KMI screening list. A historical screening result should not be treated as confirmation of present eligibility.
What is the proposed battery-storage joint venture?
On October 1, 2026, Kohinoor Energy disclosed a non-binding MoU to explore a joint venture with Hebei Juhang Energy Technology Group involving battery packs and energy-storage systems. It is a proposal, not a confirmed source of future earnings.
Related Resources
For additional research, readers should consult:
- KOHE official PSX profile, announcements and financial statements
- Kohinoor Energy official website
- PSX market indices
- PSX Shariah-compliant investment resources
On PSX Investors Zone, link to your existing PSX company profiles, daily market updates, dividend guides, financial-results explainers and Shariah-screening guides where those pages are available. Use the actual published URLs from your CMS rather than creating unverified internal links.
Disclaimer
This profile is for educational and informational purposes only and does not constitute investment advice or a buy/sell recommendation. Financial data, prices, technical levels, index membership and Shariah status can change. Readers should review official PSX announcements and company disclosures before making investment decisions.
This profile is for educational purposes and is not a recommendation to buy or sell any security.