Prosperity Weaving Mills Posts 35% Rise in Q3 Profit as Finance Costs Decline
June 28, 2026 – Prosperity Weaving Mills Limited reported a strong improvement in profitability for the third quarter ended March 31, 2026, supported by improved operational efficiency and lower finance costs despite ongoing challenges facing Pakistan’s textile sector.
The company posted a net profit of Rs. 72.71 million during the quarter, compared with Rs. 53.86 million in the corresponding period last year, reflecting a year-on-year increase of nearly 35%. Earnings per share (EPS) also improved to Rs. 3.94, up from Rs. 2.91 a year earlier.
Quarterly sales reached Rs. 4.60 billion, slightly higher than Rs. 4.57 billion recorded in the same quarter last year. The company attributed the modest revenue growth primarily to higher sales volumes.
Profitability received a boost from improved production efficiency, with the cost of sales declining to 92.86% of revenue from 93.67% in the corresponding period last year. As a result, the gross profit margin improved to 7.14%, compared with 6.33% a year earlier.
Finance costs also eased during the quarter due to disciplined cash management and scheduled repayment of long-term debt. Finance expenses fell to 0.98% of sales, compared with 1.17% in the same period last year, helping strengthen the company’s bottom line.
For the nine-month period ended March 31, 2026, Prosperity Weaving Mills reported a net profit of Rs. 192.51 million, almost doubling from Rs. 103.51 million recorded in the corresponding period of the previous year. Nine-month earnings per share increased to Rs. 10.42, compared with Rs. 5.60 last year.
Looking ahead, the company cautioned that geopolitical tensions in the Middle East, higher energy prices and supply chain disruptions continue to create uncertainty for global textile markets. Management expects margin pressure in the coming quarter as fabric prices have yet to fully reflect rising production and logistics costs.
To improve long-term competitiveness, Prosperity Weaving Mills is expanding its renewable energy infrastructure. The company is increasing its installed solar generation capacity from 3.67 MW to 8.2 MW, a move expected to reduce energy costs and enhance operational efficiency.
Management also expressed hope that government measures, including competitive energy pricing, lower corporate taxes, timely tax refunds and reduced financing costs, would strengthen Pakistan’s textile industry’s position in international markets.
