KARACHI: J.A. Textile Mills Limited posted a return to profitability during the nine months ended March 31, 2026, supported by a sharp increase in sales despite continued pressure from rising production costs and a challenging operating environment.
According to the company’s latest unconsolidated financial results, net sales climbed to Rs1.519 billion during the first nine months of FY2026, marking an increase of approximately 61% from Rs943.56 million recorded in the corresponding period last year.
The company reported a net profit of Rs677,202, compared to a net loss of Rs62.28 million in the same period of the previous fiscal year. Consequently, earnings per share (EPS) improved to Rs0.05, compared with a loss per share of Rs4.94 a year earlier.
J.A. Textile Mills also swung to a pre-tax profit of Rs1.21 million, reversing a pre-tax loss of Rs45.74 million recorded during the corresponding period of FY2025. Gross profit also turned positive at Rs16.78 million, compared with a gross loss of Rs29.80 million last year.
Despite the improvement, the company continued to face operational challenges. In its directors’ report, management noted that the textile sector remained under pressure due to rising input costs, energy constraints, and overall economic uncertainty. However, the company maintained its focus on operational efficiency, cost control, and sustaining production levels.
The management expressed optimism that business conditions would gradually improve, adding that strategic initiatives aimed at enhancing profitability—including cost optimization and improved production efficiency—are being implemented.
The company further stated that all transactions with related parties during the period were conducted on an arm’s-length basis in accordance with applicable pricing methods.
The latest financial performance signals a modest but significant turnaround for J.A. Textile Mills, as the company seeks to strengthen its financial position amid persistent challenges facing Pakistan’s textile industry.
