KARACHI: Fazal Cloth Mills Limited has announced a net profit after tax of Rs355.72 million for the nine months ended March 31, 2026, reflecting a decline from Rs382.33 million reported during the corresponding period last year, as higher finance costs and increased levies weighed on earnings.
According to the financial results approved by the company’s Board of Directors, net sales increased to Rs71.60 billion, compared with Rs69.03 billion in the same period of the previous year. The rise in revenue also lifted gross profit to Rs5.72 billion, up from Rs5.87 billion a year earlier. However, the company faced mounting operating expenses, finance costs, and taxation, which limited overall profitability.
Operating profit stood at Rs5.12 billion, while profit before taxation reached Rs200.27 million, significantly lower than Rs590.14 million recorded in the corresponding period last year. After accounting for income tax, the company’s earnings per share (EPS) came in at Rs11.86, compared with Rs12.74 in the same period of FY2025.
For the third quarter alone, Fazal Cloth Mills reported a net profit of Rs141.73 million, a substantial increase from Rs37.89 million earned in the corresponding quarter last year. Quarterly EPS improved to Rs4.72 from Rs1.26, indicating stronger profitability during the latest quarter despite persistent cost pressures.
The Board of Directors did not recommend any cash dividend, bonus shares, or right shares alongside the quarterly results.
The latest financial performance highlights the resilience of Fazal Cloth Mills’ core textile operations, supported by higher sales, while elevated financing expenses and tax-related charges continued to impact the company’s bottom line. Investors are likely to monitor whether the stronger quarterly momentum can be sustained in the final quarter of the financial year.
