KARACHI: J.K. Spinning Mills Limited has reported a strong improvement in profitability for the nine months ended March 31, 2026, with net profit more than doubling compared to the same period last year, supported by improved operating performance and significantly lower finance costs.
According to the company’s condensed interim financial statements, profit after taxation rose to Rs1.063 billion during the nine-month period, compared with Rs410 million recorded in the corresponding period of the previous year. Earnings per share (EPS) increased to Rs10.39, up from Rs4.01 a year earlier.
Net sales edged up to Rs33.33 billion from Rs33.10 billion, while the cost of sales declined slightly, lifting gross profit by nearly 15% to Rs4.01 billion, compared with Rs3.50 billion in the same period last year.
The company’s operating profit climbed to Rs2.87 billion, reflecting stronger margins despite increases in distribution and other operating expenses. Other income also improved to Rs388 million, providing additional support to earnings.
A key contributor to the earnings growth was a substantial reduction in finance costs, which fell to Rs1.05 billion from Rs1.49 billion in the previous year’s comparable period. As a result, profit before taxation jumped to Rs1.63 billion, more than doubling from Rs659 million.
For the third quarter alone, the company earned Rs320.34 million, compared with Rs107.29 million in the same quarter last year, while quarterly EPS improved to Rs3.13 from Rs1.05.
On the financial position side, total assets stood at Rs33.19 billion as of March 31, 2026, compared with Rs32.01 billion at the end of June 2025. Shareholders’ equity strengthened to Rs15.10 billion, supported by higher retained earnings, while total liabilities remained broadly stable at Rs18.08 billion.
The Board of Directors, in its meeting held on April 28, 2026, did not recommend any cash dividend, bonus shares, right shares, or any other corporate action for the third quarter.
