Kohinoor Mills Limited (PSX: KML) reported a net profit of Rs149.16 million for the nine months ended March 31, 2026, reflecting a decline of around 25.6% compared to Rs200.39 million earned during the corresponding period last year. Earnings per share (EPS) stood at Rs0.29, compared with Rs0.39 in the same period of FY2025.
The company generated revenue of Rs19.59 billion, down from Rs21.08 billion a year earlier. Despite the decline in sales, gross profit improved slightly to Rs2.93 billion from Rs2.84 billion, supported by operational efficiencies and disciplined cost management. However, higher raw material costs, elevated utility tariffs, and inflationary pressures continued to weigh on overall profitability.
Operating profit reached Rs1.17 billion, while finance costs declined to Rs801.37 million from Rs932.02 million in the previous year, providing some relief to the company’s bottom line. Profit before taxation stood at Rs116.20 million, and after accounting for taxation, net profit settled at Rs149.16 million.
In its directors’ review, the company highlighted that its weaving division delivered improved profitability through better cost controls, higher operational efficiency, and stronger domestic sales. Meanwhile, the dyeing division faced lower turnover and compressed margins due to increased utility expenses, higher raw material prices, and competitive market conditions.
Kohinoor Mills also continued investing in sustainability and energy efficiency during the period. The company commissioned a 7.2 MW solar photovoltaic plant, which now supplies more than 20% of its electricity requirements, while an additional 3.0 MW solar project was completed after the reporting period. It also replaced natural gas-fired heating with a biomass-fired thermal oil system to reduce fuel costs and improve environmental performance.
Another major milestone was the launch of the company’s new apparel division, which commenced commercial operations in December 2025 with an initial production capacity of 5,000 garments per shift per day. Management believes the expansion into value-added apparel will strengthen export growth and improve long-term profitability.
Looking ahead, Kohinoor Mills acknowledged that Pakistan’s textile industry continues to face challenges from geopolitical uncertainty, volatile energy prices, and rising production costs. Nevertheless, management remains optimistic that recent government support measures, including lower Export Finance Scheme rates and proposed reductions in electricity tariffs, along with the company’s ongoing investments in renewable energy, digitalization, and value-added manufacturing, will enhance competitiveness and support sustainable growth in the coming quarters.
