Asim Textile Mills Limited has announced its financial results for the nine months ended March 31, 2026, reporting a decline in profitability despite posting higher sales during the period. The company’s Board of Directors approved the unaudited financial statements in its meeting held on April 30, 2026. No cash dividend, bonus shares, right shares, or any other corporate action was declared.
According to the financial results, the company’s net sales increased to Rs1.628 billion, compared to Rs1.614 billion in the corresponding period of last year. However, the rise in revenue was offset by a higher cost of sales, which reduced gross profit to Rs62.41 million from Rs69.92 million a year earlier.
Profit before tax stood at Rs42.57 million, down from Rs64.73 million in the same period last year. After accounting for taxation, Asim Textile Mills posted a net profit of Rs32.37 million, representing a decline of approximately 25% from Rs43.34 million recorded during the corresponding period of FY2025. Earnings per share (EPS) also decreased to Rs2.13 from Rs2.86.
Despite the weaker nine-month performance, the company delivered a stronger third quarter. Net profit for the quarter ended March 31, 2026, increased to Rs47.81 million, compared with Rs45.19 million in the same quarter last year. Quarterly earnings per share improved to Rs3.15, up from Rs2.98, indicating improved profitability during the latest reporting quarter.
The company’s financial position remained stable, with total assets increasing to approximately Rs1.33 billion as of March 31, 2026, while shareholders’ equity rose to Rs476.76 million, supported by retained earnings generated during the period. Cash and bank balances also improved to Rs279.06 million, compared with Rs256.11 million at the end of June 2025.
Overall, while Asim Textile Mills faced pressure on margins during the first nine months of FY2026 due to higher operating costs and taxation, its improved quarterly performance and stronger liquidity position suggest signs of operational resilience heading into the final quarter of the financial year.
