KARACHI: Nadeem Textile Mills Limited reported its financial results for the quarter ended March 31, 2026, showing an improvement in quarterly performance despite continuing losses over the nine-month period. The company’s Board of Directors approved the unaudited financial statements at its meeting held on April 29, 2026. No cash dividend, bonus shares, right shares, or any other corporate action were announced.
For the nine months ended March 31, 2026, the company posted a net loss after tax of Rs604.11 million, an improvement from the Rs648.72 million loss recorded during the corresponding period last year. Loss per share also improved to Rs28.41, compared with Rs30.50 a year earlier.
Net sales for the nine-month period declined sharply to Rs1.69 billion from Rs4.36 billion in the same period last year. The reduction in revenue contributed to a gross loss of Rs167.09 million, although this represented a notable improvement compared with the gross loss of Rs213.56 million reported a year earlier.
The company’s quarterly performance showed signs of recovery. For the three months ended March 31, 2026, Nadeem Textile Mills reported a net loss of Rs180.52 million, compared with a loss of Rs211.55 million in the corresponding quarter of 2025. Quarterly loss per share improved to Rs8.49 from Rs9.95.
During the quarter, net sales stood at Rs444.61 million, down from Rs974.12 million in the same quarter last year. However, the company’s gross loss narrowed significantly to Rs29.18 million from Rs99.29 million, reflecting better cost management despite lower sales volumes.
As of March 31, 2026, Nadeem Textile Mills reported total assets of approximately Rs5.66 billion, while total equity stood at Rs2.19 billion. The company also reduced its total liabilities compared with the previous financial year, reflecting ongoing efforts to strengthen its financial position.
Although the company remains in the red, the latest quarterly figures indicate a gradual improvement in profitability, with lower losses and improved gross margins. Going forward, restoring sales growth and sustaining cost efficiencies will remain critical to Nadeem Textile Mills’ path toward financial recovery.
