KARACHI: Hamid Textile Mills Limited reported a net loss of Rs28.74 million for the nine months ended March 31, 2026, compared with a loss of Rs28.18 million recorded during the corresponding period last year, reflecting continued pressure on the company’s financial performance.
According to the company’s unaudited financial results, net sales declined to Rs696.70 million from Rs701.95 million in the same period of the previous year. Meanwhile, the company’s gross profit dropped significantly to Rs16.66 million, compared with Rs17.61 million a year earlier, as production costs remained elevated.
Operating expenses continued to weigh on profitability. Distribution expenses stood at Rs1.44 million, while administrative expenses amounted to Rs31.20 million, resulting in an operating loss of Rs15.98 million, compared with an operating loss of Rs12.17 million in the corresponding period last year. Finance costs also increased to Rs5.63 million, further impacting earnings.
For the quarter ended March 31, 2026, the company posted a net loss of Rs8.99 million, compared with a quarterly loss of Rs6.26 million in the same period last year. Quarterly sales, however, improved to Rs210.35 million from Rs250.56 million, while gross profit reached Rs5.56 million.
The company’s loss per share for the nine-month period stood at Rs2.17, marginally higher than Rs2.12 reported in the corresponding period of FY2025.
On the financial position, total assets increased to Rs829.37 million as of March 31, 2026, from Rs806.34 million at the end of June 2025. Cash and bank balances also improved to Rs27.78 million, compared with Rs18.52 million previously. Total equity, however, declined to Rs304.91 million due to accumulated losses during the period.
The Board of Directors did not recommend any cash dividend, bonus shares, or right shares for the period under review. The company stated that its complete quarterly report would be circulated separately through the Pakistan Unified Corporate Action Reporting System (PUCARS).
