Lahore: Khalid Siraj Textile Mills Limited has reported a loss of Rs. 12.783 million for the nine-month period ending March 31, 2026, as documented in the company’s unaudited condensed interim financial information. This figure reflects a marginal improvement from the Rs. 14.062 million loss recorded during the same period in the previous year. The accumulated losses now stand at Rs. 400.36 million, compared to Rs. 399.195 million as of June 2025.

The company reported no sales revenue for the nine-month period. Administrative expenses amounted to Rs. 1.975 million, and other operating expenses reached Rs. 14.363 million. Finance costs were Rs. 4,714, while taxation contributed Rs. 3.559 million to the financial outcomes. The earnings per share, both basic and diluted, were recorded as a loss of Rs. 1.31 for the nine-month period, compared to a loss of Rs. 0.38 in the previous year.

For the quarter ending March 31, 2026, Khalid Siraj Textile Mills recorded a loss of Rs. 4.058 million. Administrative expenses for the quarter were Rs. 456,343, and other operating expenses were Rs. 4.788 million. Taxation for the quarter was Rs. 1.186 million, with earnings per share showing a loss of Rs. 0.46, compared to a loss of Rs. 0.46 in the previous year.

According to information available from the Pakistan Stock Exchange (PSX), the textile sector in Pakistan is facing significant challenges due to an international recession, geographical tensions, and high domestic production costs. These factors have increased competition in international markets while demand in the local market remains weak. Rising power tariffs, following the removal of energy subsidies, along with inflationary pressures, are exacerbating these challenges.

In their future outlook, the company’s board expressed hope that government structural reforms would prioritize export-oriented sectors, including textiles, to enhance global competitiveness. The focus will be on boosting exports and foreign exchange earnings in the wake of the prevailing economic crunch.

The board extended gratitude to stakeholders, including bankers, for their ongoing support, and acknowledged the commitment and hard work of the company’s employees.