KARACHI: Gul Ahmed Textile Mills Limited (PSX: GATM) reported a loss for the quarter ended March 31, 2026, although the company remained profitable on a cumulative nine-month basis, according to its latest financial results approved by the Board of Directors.
For the third quarter (January–March 2026), the company posted an unconsolidated net loss of Rs202.9 million, compared with a profit of Rs1.13 billion recorded in the corresponding quarter last year. Earnings per share (EPS) for the quarter stood at a loss of Rs0.27, versus earnings of Rs1.52 per share a year earlier.
Despite the weak quarterly performance, Gul Ahmed remained in the black for the first nine months of FY2026, reporting an unconsolidated net profit of Rs1.89 billion, slightly lower than Rs2.14 billion earned during the same period of the previous fiscal year. Nine-month EPS came in at Rs2.89, compared with Rs3.29 last year.
On a consolidated basis, the group also reported a quarterly net loss of Rs168.9 million, compared with a profit of Rs1.30 billion in the same quarter last year. However, consolidated profit for the nine-month period totaled Rs2.33 billion, reflecting the group’s ability to remain profitable despite a challenging operating environment.
The company attributed its results to the combined impact of operating expenses, finance costs, and taxation during the quarter, which weighed on profitability despite continued revenue generation.
The Board of Directors announced no cash dividend, bonus shares, right shares, or any other corporate action alongside the financial results.
The latest earnings highlight the pressure facing Pakistan’s textile sector, where higher financing costs, volatile demand, and elevated input prices continue to challenge manufacturers. Even so, Gul Ahmed’s positive nine-month performance suggests the company has maintained resilience over the broader fiscal period despite a difficult third quarter.
