KARACHI: Haji Mohammad Ismail Mills Limited reported a significantly reduced loss for the nine months ended March 31, 2026, reflecting improved financial performance compared to the corresponding period of the previous year.
According to the company’s condensed interim financial statements, the textile manufacturer posted a net loss of Rs2.14 million during the nine-month period, compared with a loss of Rs5.10 million in the same period last year. This represents an improvement of nearly 58% year-on-year. The company’s loss per share (LPS) also improved to Rs0.18, compared with Rs0.43 in the corresponding period of FY2025.
For the quarter ended March 31, 2026, the company recorded a net loss of Rs433,037, a notable improvement from the Rs1.40 million loss reported in the same quarter of the previous year. Quarterly loss per share stood at Rs0.04, compared with Rs0.12 a year earlier.
The financial statements show that administrative expenses declined considerably to Rs2.18 million during the nine-month period from Rs5.13 million last year, helping reduce the overall operating loss. The company also reported other income of Rs36,446, slightly higher than the Rs35,745 recorded in the corresponding period.
On the balance sheet, total assets stood at Rs3.34 million as of March 31, 2026, compared with Rs5.74 million at the end of June 2025. Cash and bank balances declined to Rs348,087, while investments available for sale increased to Rs926,100 during the period.
The company’s cash flow statement showed a net cash outflow from operating activities of Rs3.19 million during the nine months, broadly in line with the previous year’s operating cash outflow.
Despite remaining in the red, Haji Mohammad Ismail Mills substantially reduced its losses through lower operating expenses, indicating gradual improvement in its financial position as it continues efforts to strengthen operational performance.
