J.A. Textile Mills Posts Rs45.62 Million Profit in First Quarter FY2027

J.A. Textile Mills Limited has reported a significant financial turnaround, posting a net profit of Rs45.62 million for the first quarter ended September 30, 2026, compared with a net loss of Rs7.18 million recorded in the corresponding period last year.

According to the company’s unaudited financial results submitted to the Pakistan Stock Exchange (PSX), earnings per share (EPS) improved to Rs3.62 from a loss per share of Rs0.57 in the same quarter of the previous year.

The company’s net sales increased to Rs530.04 million during the quarter, compared with Rs487.19 million in the corresponding period last year, reflecting an improvement in revenue.

A notable improvement was also recorded in gross profitability. Gross profit reached Rs53.46 million, compared with Rs2.57 million in the same period last year. This improvement came as the cost of sales declined to Rs476.58 million from Rs484.62 million, despite higher sales.

Operating expenses stood at Rs6.26 million, compared with Rs5.54 million in the corresponding quarter. Meanwhile, other operating income increased to Rs3.50 million from Rs0.65 million.

Consequently, profit before levy and taxation reached Rs50.69 million, compared with a loss of Rs2.32 million in the previous year’s corresponding quarter. After accounting for levy and taxation, the company reported a net profit of Rs45.62 million.

The company’s balance sheet also showed growth. Total assets increased to Rs1.34 billion as of September 30, 2026, compared with Rs1.26 billion at June 30, 2026. Current assets rose to Rs397.34 million from Rs321.66 million, while cash and bank balances increased significantly to Rs245.18 million from Rs124.34 million.

The cash flow statement reflected net cash generated from operating activities of Rs146.74 million during the quarter, compared with Rs33.28 million in the corresponding period last year.

On the shareholders’ front, the company’s board of directors did not recommend any cash dividend, bonus shares or right shares for the period.

The latest financial results indicate a substantial recovery in J.A. Textile Mills’ profitability, supported by higher sales, improved gross margins and stronger operating cash flows. Investors will be watching whether the company can maintain this positive financial performance in the coming quarters.

The financial results are unaudited and relate to the quarter ended September 30, 2026.