KARACHI: Quetta Textile Mills Limited has reported a net loss of Rs752.42 million for the nine months ended March 31, 2026, as the company continued to grapple with rising production costs, high energy tariffs, and challenging market conditions despite recording a notable increase in sales.
According to the company’s latest unaudited financial results, net sales climbed to Rs1.037 billion, compared to Rs724.62 million in the corresponding period last year, reflecting a year-on-year increase of more than 43%. However, the higher revenue was insufficient to offset elevated manufacturing and operating costs, resulting in a gross loss of Rs711.09 million.
The company posted a loss before tax of Rs739.45 million, while the net loss after taxation stood at Rs752.42 million, compared with a net loss of Rs743.74 million recorded in the same period of the previous year. Loss per share widened slightly to Rs57.88, from Rs57.21 a year earlier.
In its directors’ report, Quetta Textile Mills attributed the weak financial performance to the ongoing crisis in Pakistan’s textile sector, citing high electricity and gas tariffs and the rising overall cost of doing business. Despite these challenges, the board reaffirmed its commitment to maintaining operations and steering the company through the difficult business environment.
The management also acknowledged that operational disruptions caused by a shortage of working capital reduced production efficiency and limited capacity utilization. Additionally, weaker international demand for cotton yarn and fabric further affected the company’s performance during the period.
Despite the financial pressures, Quetta Textile Mills said it is pursuing measures to improve liquidity and operational efficiency. These include negotiations with banks and financial institutions for additional working capital financing, cost-cutting initiatives, and operational improvements at its weaving facilities aimed at enhancing productivity. Management expressed confidence that these efforts, together with a long-term business plan, will support a gradual recovery in the company’s financial position.
The company ended the nine-month period with total assets of Rs13.05 billion, while shareholders’ equity declined to approximately Rs873.72 million due to accumulated losses.
