Nishat Mills Limited (NML), one of Pakistan’s leading textile conglomerates, reported a profit after taxation of Rs3.89 billion for the nine months ended March 31, 2026, compared to Rs4.84 billion recorded during the same period last year, reflecting a decline of nearly 20%. The company announced its financial results in a notice submitted to the Pakistan Stock Exchange (PSX).
According to the unconsolidated financial statements, revenue stood at Rs133.34 billion during the nine-month period, slightly lower than Rs134.68 billion reported a year earlier. Gross profit declined to Rs13.11 billion from Rs15.24 billion, indicating margin pressures amid challenging market conditions.
Operating profit fell to Rs9.83 billion from Rs14.90 billion in the corresponding period of last year. The decline was mainly attributed to lower other income, which decreased to Rs5.10 billion from Rs7.98 billion. However, finance costs also eased to Rs5.39 billion compared to Rs6.47 billion previously, providing some support to the bottom line.
On a quarterly basis, Nishat Mills posted a profit after tax of Rs545.4 million for the quarter ended March 31, 2026, compared to Rs695.9 million in the same quarter last year. Earnings per share (EPS) for the nine-month period came in at Rs11.07, down from Rs13.76 a year earlier.
The company’s board did not recommend any cash dividend, bonus shares, right shares, or any other entitlement for shareholders along with the announcement of the third-quarter results.
On a consolidated basis, which includes subsidiary and associated companies, Nishat Mills reported a significantly improved performance. Consolidated profit after taxation surged to Rs7.31 billion during the nine months ended March 2026, compared to a loss of Rs1.18 billion in the corresponding period last year. Consolidated earnings per share stood at Rs18.47 versus a loss per share of Rs0.42 in the previous year.
The turnaround at the consolidated level was supported by a strong contribution from associated companies and improved investment-related income, highlighting the group’s diversified business portfolio beyond its core textile operations.
