Ruby Textile Mills Reports Rs10.55 Million Loss for September 2026 Quarter

Ruby Textile Mills Limited has reported a net loss of Rs10.55 million for the quarter ended September 30, 2026, compared with a loss of Rs6.77 million in the corresponding quarter of the previous year.

According to the company’s unaudited financial results submitted to the Pakistan Stock Exchange (PSX), the company’s financial performance remained under pressure during the first quarter of FY2026-27.

The company recorded a loss before taxation of Rs10.55 million, compared with Rs6.77 million in the same quarter last year. Consequently, its loss per share increased to Rs0.20, against Rs0.13 in the corresponding period.

The financial statements show that Ruby Textile Mills did not report any sales revenue during the quarter. Meanwhile, administrative and general expenses increased to Rs18.62 million from Rs13.75 million in the corresponding period last year.

Other income provided some support, rising to Rs8.08 million compared with Rs6.97 million a year earlier. However, this was insufficient to offset the company’s administrative expenses and other costs.

Finance costs stood at Rs18,375 during the quarter, compared with Rs70 in the same period last year.

The company’s balance sheet showed total assets of Rs874.76 million as of September 30, 2026, compared with Rs882.27 million at June 30, 2026. Its accumulated losses stood at approximately Rs964.81 million, reflecting the continuing financial challenges faced by the company.

Meanwhile, the Board of Directors, in its meeting held on October 30, 2026, did not recommend any cash dividend, bonus shares, right shares or other corporate entitlements for shareholders.

The latest financial results highlight the challenges facing Ruby Textile Mills, particularly the absence of reported sales revenue and the increase in quarterly losses. Investors will likely monitor the company’s future financial performance and any developments that could help improve its operational position.

The financial results are unaudited and relate to the quarter ended September 30, 2026.