Pakistan PVC Limited reported a net loss of Rs6.10 million for the nine-month period ended March 31, 2026, compared with a loss of Rs4.69 million in the same period last year, according to its unaudited financial results.
The company’s financial performance remained under pressure during the period, with sales falling sharply to Rs2.75 million from Rs5.50 million a year earlier. The decline in revenue contributed to a gross loss of Rs19.97 million, compared with a gross loss of Rs20.92 million in the corresponding period of 2025.
Despite the weak sales performance, Pakistan PVC Limited recorded other income of Rs24.39 million during the nine-month period, down from Rs27.49 million in the same period last year. The company incurred distribution costs of Rs5.42 million and administrative expenses of Rs5.16 million, while finance costs stood at Rs2.79 million.
As a result, the company posted a loss before taxation of Rs8.97 million, compared with a pre-tax loss of Rs6.65 million in the same period of 2025. After taxation, the net loss stood at Rs6.10 million, translating into a loss per share of Rs0.41, compared with a loss per share of Rs0.31 previously.
Third-quarter performance
The company’s performance during the January-March quarter also remained challenging. Sales increased to Rs721,427 from Rs438,838 in the same quarter last year, but the company continued to record a substantial gross loss of Rs6.38 million.
Other income during the quarter amounted to Rs7.67 million, compared with Rs9.08 million a year earlier. After accounting for distribution, administrative and finance costs, Pakistan PVC Limited reported a pre-tax loss of Rs2.86 million and a net loss of Rs4.55 million, compared with a net loss of Rs866,560 in the third quarter of 2025.
Financial position and cash flow
Pakistan PVC Limited’s total assets stood at Rs262.09 million as of March 31, 2026, compared with Rs262.71 million at June 30, 2025. Property, plant and equipment amounted to Rs243.36 million, while current assets totaled approximately Rs17.97 million.
The company’s accumulated loss increased to Rs423.90 million by March 31, 2026, from Rs421.71 million at the end of June 2025. Its revaluation surplus stood at Rs235.66 million, while total equity remained negative at Rs38.65 million.
Cash flow from operations also remained negative, with the company reporting net cash used in operating activities of Rs22.67 million during the nine-month period. This was partly offset by Rs18.23 million in net cash generated from investing activities, mainly reflecting rent received. Financing activities generated Rs5.41 million, resulting in a net increase of Rs966,669 in cash and cash equivalents.
Cash and cash equivalents stood at Rs1.03 million at March 31, 2026, compared with Rs358,624 at the end of the corresponding period last year.
Overall, the results show that Pakistan PVC Limited continued to face significant financial pressure, with declining revenue, persistent operating losses and negative operating cash flows weighing on its performance during the nine-month period.
