KARACHI: Maqbool Textile Mills Limited has reported a wider net loss for the nine months ended March 31, 2026, as higher production costs and operating expenses continued to weigh on the company’s financial performance despite an increase in sales.
According to the company’s unaudited financial results, net sales for the nine-month period rose to Rs5.98 billion, compared with Rs4.90 billion in the corresponding period last year. However, the increase in revenue was offset by a significant rise in the cost of goods sold, which climbed to Rs6.81 billion from Rs5.80 billion, resulting in a gross loss of Rs824.98 million.
The company posted a net loss after tax of Rs1.23 billion for the nine months, compared with a loss of Rs596.36 million in the same period of the previous year. Consequently, loss per share increased to Rs66.89, against Rs32.35 a year earlier.
For the third quarter alone, Maqbool Textile Mills generated sales of Rs2.42 billion, up from Rs2.07 billion in the corresponding quarter of last year. Despite the improvement in revenue, the company recorded a quarterly net loss of Rs1.03 billion, substantially higher than the Rs298.33 million loss reported in the same quarter of 2025. Quarterly loss per share widened to Rs56.11 from Rs16.19.
The financial results also show that finance costs declined to Rs267.40 million during the nine-month period from Rs443.71 million a year earlier. However, the reduction was insufficient to offset the impact of higher operating costs, administrative expenses, and continued pressure on gross margins.
The company’s Board of Directors approved the financial results at its meeting held on April 29, 2026. The board did not announce any cash dividend, bonus shares, right shares, or any other corporate action alongside the results.
