Sapphire Textile Mills Limited (STML) has reported a significant improvement in profitability for the first quarter ended September 30, 2026, with consolidated profit after taxation increasing to Rs7.04 billion compared with Rs4.88 billion in the corresponding period last year.
According to the company’s unaudited financial results submitted to the Pakistan Stock Exchange (PSX), consolidated net turnover increased to Rs42.34 billion during the quarter, up from Rs39.07 billion in the same period of the previous year, reflecting an increase of approximately 8.4%.
The company’s gross profit also improved considerably, reaching Rs13.05 billion compared with Rs10.60 billion last year. Meanwhile, profit from operations increased to Rs9.51 billion from Rs7.74 billion, indicating stronger operational performance.
Consolidated profit before taxation, income tax and levy stood at Rs7.92 billion, compared with Rs5.79 billion in the corresponding quarter last year. After accounting for taxes, profit after taxation attributable to the period reached Rs7.04 billion, representing growth of approximately 44.2%.
Earnings per share (EPS) on a consolidated basis also recorded a substantial improvement, rising to Rs219.15 from Rs138.24 in the same quarter of the previous year.
Standalone Financial Performance Also Improves
Sapphire Textile Mills’ standalone financial results also reflected stronger performance during the quarter.
Net turnover increased to Rs24.54 billion from Rs21.90 billion in the corresponding period last year. Gross profit reached Rs3.56 billion compared with Rs2.52 billion previously.
The company’s standalone profit after taxation increased to Rs1.56 billion, up from Rs900.15 million in the first quarter of the previous year. Consequently, standalone earnings per share improved to Rs71.97 from Rs41.50.
Stronger Financial Performance
The quarterly results highlight an improvement in the company’s revenue generation, operating profitability and overall earnings. The increase in consolidated profit, alongside higher gross and operating profits, reflects a stronger financial performance compared with the same period last year.
The improvement in both standalone and consolidated earnings provides a positive start to the financial year 2026-27 for Sapphire Textile Mills.
The company’s first-quarter results were approved by its Board of Directors at a meeting held on October 29, 2026. The financial statements were submitted to the Pakistan Stock Exchange.
Overall, Sapphire Textile Mills delivered a strong first-quarter performance, with consolidated earnings rising by more than 44% and EPS increasing to Rs219.15, reflecting improved profitability in the opening quarter of FY2027.
