Allawasaya Textile and Finishing Mills Limited reported a significant improvement in its financial performance for the nine months ended March 31, 2026, driven by robust revenue growth and stronger operating margins, despite remaining in the red on a net basis. The company also announced that its Board of Directors has not recommended any cash dividend, bonus shares, or right shares for the period.

According to the company’s unaudited financial results, net revenue increased by nearly 31% to Rs. 3.93 billion during the nine-month period, compared with Rs. 3.01 billion in the corresponding period last year. The higher sales helped lift gross profit to Rs. 182.95 million, almost three times the Rs. 67.79 million recorded a year earlier, reflecting improved operational performance.

The company posted a loss after tax of Rs. 22.15 million for the nine months ended March 31, 2026, a substantial improvement from the Rs. 99.85 million loss reported in the same period last year. Consequently, loss per share narrowed to Rs. 27.68, compared with Rs. 124.81 a year earlier.

Despite the encouraging nine-month performance, the third quarter remained challenging. The company recorded a quarterly loss of Rs. 26.29 million, compared with a profit of Rs. 59.03 million in the corresponding quarter of the previous year. Higher administrative expenses, finance costs, and tax charges weighed on quarterly profitability.

The balance sheet showed total assets of approximately Rs. 3.59 billion as of March 31, 2026, broadly unchanged from June 30, 2025. Meanwhile, shareholders’ equity stood at Rs. 1.49 billion, supported by retained earnings and reserves despite the reported loss. The company also maintained positive operating cash flow of Rs. 72.76 million during the nine-month period, highlighting healthy cash generation from core business activities.

In its notification to the Pakistan Stock Exchange, Allawasaya Textile confirmed that the Board approved the unaudited financial statements at its meeting held on April 28, 2026. The company announced that no cash dividend, bonus shares, rights issue, or other corporate action has been recommended for shareholders for the period under review.

The latest results indicate that while Allawasaya Textile continues to face profitability challenges, stronger revenue growth and a significantly reduced cumulative loss suggest that the company is making progress toward improving its financial performance amid evolving market conditions.