Tata Textile Mills Limited (TTML) reported a net loss of Rs133.8 million for the nine months ended March 31, 2026, compared to a profit of Rs400.1 million recorded during the corresponding period last year, reflecting pressure from lower sales and higher financing costs.
According to the company’s financial results, net revenue from contracts with customers declined by 10% to Rs29.17 billion during the nine-month period, compared with Rs32.41 billion in the same period of the previous year. Gross profit also fell to Rs1.80 billion from Rs1.97 billion, indicating weaker operational performance.
The company reported a profit before taxation of Rs335.8 million, down sharply from Rs612.6 million a year earlier. After accounting for income tax and revenue tax expenses, TTML posted a net loss of Rs133.8 million versus a profit of Rs400.1 million in the corresponding period of FY25. Earnings per share (EPS) stood at a loss of Rs2.39 compared with earnings of Rs7.15 per share last year.
For the quarter ended March 31, 2026, the company incurred a loss of Rs1.73 billion, compared with a loss of Rs224.6 million in the same quarter of the previous year. Quarterly loss per share widened to Rs30.81 from Rs4.01.
On the balance sheet side, total assets stood at Rs54.44 billion as of March 31, 2026, compared with Rs57.90 billion at the end of June 2025. Shareholders’ equity declined to Rs23.55 billion from Rs23.69 billion, primarily due to losses recorded during the period.
Despite the challenging earnings performance, the company generated positive operating cash flows of Rs5.51 billion during the nine-month period, a significant improvement from a cash outflow of Rs4.46 billion in the corresponding period last year. However, substantial repayments of borrowings resulted in negative cash flows from financing activities.
The Board of Directors, in its meeting held on April 30, 2026, did not recommend any cash dividend, bonus shares, rights issue, or any other corporate action for shareholders.
Management stated that the detailed nine-month report for the period ended March 31, 2026, will be transmitted separately through the relevant regulatory channels.
