Karachi: Saif Textile Mills Limited has returned to profitability during the first nine months of the financial year 2025-26, reporting a net profit of Rs38.58 million, compared to a loss of Rs367.25 million recorded in the corresponding period last year, according to the company’s condensed interim financial statements.
The company’s turnaround came despite a decline in revenue, as net sales fell to Rs8.07 billion during the nine-month period ended March 31, 2026, from Rs8.69 billion in the same period a year earlier. However, improved cost management helped lift gross profit to Rs1.10 billion, up from Rs970.99 million in the corresponding period of FY2025.
Saif Textile Mills also reported a notable improvement in its operating performance. Profit from operations increased to Rs774.49 million, compared with Rs677.31 million in the same period last year. Meanwhile, finance costs declined significantly to Rs666.78 million, down from Rs985.75 million, easing pressure on the company’s bottom line.
For the third quarter alone, the company reduced its quarterly loss substantially, posting a net loss of Rs15.44 million, compared with a loss of Rs210.30 million in the corresponding quarter of the previous year. Quarterly net sales rose to Rs3.17 billion, while gross profit more than doubled to Rs350.25 million.
Earnings per share (EPS) for the nine-month period improved to Rs1.46, reversing a loss per share of Rs13.90 recorded during the same period last year.
On the financial position front, the company’s total assets increased to Rs15.06 billion as of March 31, 2026, compared with Rs14.32 billion at the end of June 2025. Shareholders’ equity also strengthened, rising to Rs3.79 billion from Rs3.75 billion, reflecting the recovery in earnings during the period.
The latest results indicate that Saif Textile Mills has made meaningful progress in improving operational efficiency and reducing financing costs, enabling the company to return to profitability despite challenging market conditions and lower sales volumes.
