KARACHI: Quetta Textile Mills Limited has reported a net loss of Rs752.42 million for the nine months ended March 31, 2026, highlighting the persistent challenges facing Pakistan’s textile sector despite a notable increase in revenue. The financial results were disclosed in the company’s latest un-audited quarterly accounts.
The company generated sales of Rs1.04 billion during the nine-month period, marking a significant increase from Rs724.62 million recorded in the corresponding period last year. The improved topline reflects stronger business activity, but rising production costs and operational challenges continued to weigh heavily on profitability.
Quetta Textile Mills posted a gross loss of Rs711.09 million, compared with a gross loss of Rs744.45 million in the same period a year earlier. After accounting for other income, administrative expenses, finance costs, and taxation, the company’s net loss stood at Rs752.42 million, slightly higher than the Rs743.74 million loss reported in the corresponding period of last year. Loss per share widened to Rs57.88, compared with Rs57.21 a year earlier.
In its directors’ report, the company attributed its weak financial performance to the ongoing crisis in Pakistan’s textile industry, citing high electricity and gas tariffs, elevated business costs, and difficult market conditions. Management stated that despite these challenges, it remains committed to continuing operations and improving the company’s financial position.
The company also noted that operational efficiency has been affected by a shortage of working capital, limiting production capacity. In addition, sluggish demand for cotton yarn and fabric in international markets has further impacted performance. Management said it is pursuing additional financing arrangements with banks and financial institutions, implementing cost-control measures, and increasing production through conversion-based orders to strengthen future operations.
As of March 31, 2026, Quetta Textile Mills reported total assets of Rs13.05 billion, while shareholders’ equity declined to Rs873.72 million due to accumulated losses. The company ended the period with cash and bank balances of Rs14.29 million.
Despite the difficult financial environment, the management expressed confidence that its restructuring efforts, improved operational efficiency, and planned financing initiatives will help stabilize the business and support long-term recovery.
