KARACHI: Reliance Weaving Mills Limited has reported a strong improvement in its financial performance for the nine months ended March 31, 2026, posting a more than fivefold increase in profit after tax on the back of higher profitability from operations. The company’s board approved the unaudited financial results at its meeting held on April 29, 2026.
According to the financial results, the textile manufacturer recorded net sales of Rs30.81 billion during the nine-month period, compared with Rs31.21 billion in the corresponding period last year. Despite the slight decline in revenue, the company significantly improved its profitability by enhancing margins and operational efficiency.
Gross profit increased to Rs3.66 billion, up from Rs3.12 billion a year earlier, while operating profit rose to Rs2.88 billion from Rs2.30 billion. Profit before taxation climbed sharply to Rs610.88 million, compared with Rs80.14 million in the same period last year.
As a result, profit after tax surged to Rs510.82 million, a substantial increase from Rs101.24 million recorded in the corresponding period of 2025. Earnings per share (EPS) improved significantly to Rs16.58, compared with Rs3.29 in the previous year’s nine-month period.
For the third quarter alone, the company earned Rs195.08 million, translating into an EPS of Rs6.33, compared with a quarterly profit of Rs72.54 million and EPS of Rs2.35 in the same quarter last year.
The board of directors did not recommend any cash dividend, bonus shares, right shares, or any other corporate action along with the financial results.
The latest results reflect Reliance Weaving Mills’ stronger operational performance despite a challenging environment for Pakistan’s textile sector, with improved margins helping offset lower sales and driving a notable increase in shareholder returns.
