Suhail Jute Mills Limited reported a net loss of Rs42.47 million for the nine months ended March 31, 2026, compared with a loss of Rs40.43 million recorded during the same period last year, reflecting continued financial challenges and higher financing expenses.
According to the company’s unaudited financial statements, the loss per share increased to Rs9.80 from Rs9.33 in the corresponding period of 2025. During the third quarter alone, the company posted a loss of Rs15.20 million, compared with a loss of Rs14.20 million in the same quarter last year.
The company did not report any sales revenue during the period, while finance costs rose to Rs1.97 million from Rs1.99 million a year earlier. Administrative expenses remained the primary operating cost, amounting to Rs40.50 million for the nine-month period.
On the balance sheet side, total assets stood at Rs1.69 billion as of March 31, 2026, slightly lower than Rs1.70 billion at the end of June 2025. Property, plant and equipment continued to represent the bulk of the asset base at Rs1.69 billion. Cash and bank balances declined significantly to Rs172,302 from Rs1.45 million at the beginning of the fiscal year.
The company’s accumulated losses widened to Rs1.14 billion, compared with Rs1.10 billion at the close of the previous financial year. Total equity fell to Rs757.44 million from Rs799.91 million, mainly due to the losses incurred during the period.
Cash flow statements showed that operating activities consumed Rs26.07 million during the nine-month period. The company relied on director loans amounting to Rs24.80 million to support liquidity, partially offsetting the cash outflow from operations.
Despite maintaining a substantial asset base, Suhail Jute Mills continues to face profitability pressures as recurring administrative expenses and financing costs weigh on its financial performance. The company’s ability to revive operations and generate sustainable revenue will remain a key focus for investors and stakeholders going forward.
