Blessed Textiles Limited has posted a wider net loss for the nine months ended March 31, 2026, as higher finance costs and tax expenses outweighed improvements in its core operating performance. The company’s latest unaudited financial statements show that while operating profit remained positive, the bottom line remained under pressure.
During the nine-month period, the textile manufacturer generated revenue of Rs22.86 billion, compared with Rs23.62 billion in the corresponding period last year, reflecting a slight decline in sales. Cost of sales also decreased, allowing the company to maintain a gross profit of Rs1.52 billion.
Blessed Textiles reported an operating profit of Rs1.04 billion, marginally lower than Rs1.08 billion recorded in the same period last year. The company also benefited from other income of Rs74.47 million and recorded an impairment reversal for expected credit losses of Rs8.04 million, which provided some support to earnings.
However, the gains at the operating level were offset by a substantial finance cost of Rs1.02 billion, highlighting the impact of elevated borrowing expenses. As a result, profit before taxation stood at Rs19.10 million, significantly lower than Rs164.97 million reported a year earlier.
After accounting for statutory levies and taxation, the company posted a net loss of Rs254.62 million, compared with a loss of Rs122.02 million in the corresponding period of the previous year. Consequently, loss per share widened to Rs39.59, versus Rs18.97 in the same period last year.
On the financial position side, total assets increased slightly to Rs25.51 billion as of March 31, 2026, while shareholders’ equity declined to Rs7.71 billion due to accumulated losses during the period. Total liabilities stood at Rs17.80 billion, reflecting the company’s continued reliance on debt financing.
The cash flow statement showed an encouraging operational performance, with net cash generated from operating activities reaching Rs915.10 million, substantially higher than Rs337.22 million in the same period last year. The company ended the period with cash and bank balances of Rs1.07 billion, compared with Rs789.62 million a year earlier.
The results indicate that while Blessed Textiles continues to generate positive cash flows from its operations, rising financing costs and tax burdens remain significant challenges. Going forward, the company’s ability to improve profitability will depend on managing borrowing costs, strengthening margins, and sustaining operational efficiency amid evolving market conditions.
