Karachi: The Board of Directors of Zahidjee Textile Mills Limited has approved the financial results for the nine months ending March 31, 2026, during a meeting held on April 25, 2026. The company has announced that there will be no cash dividends, bonus shares, or right shares distributed for the period, according to the official statement.

In its condensed interim financial statements, Zahidjee Textile Mills reported a profit before levies and income tax of 1.01 billion rupees for the period, a decrease from 1.12 billion rupees recorded in the same period last year. Despite this decline, the company’s operating cash flows before working capital changes increased to 2.50 billion rupees from 2.23 billion rupees previously.

The company’s net cash generated from operating activities stood at 2.84 billion rupees, a significant improvement from the negative cash flow of 433.91 million rupees reported in the corresponding period of 2025. This change was primarily driven by notable increases in stock in trade and trade debts.

According to information available from the Pakistan Stock Exchange (PSX), Zahidjee Textile Mills also reported net cash from investing activities of 183.15 million rupees, a decline compared to 430.46 million rupees in the prior year. This was influenced by substantial investments in property, plant, and equipment amounting to 260.59 million rupees.

The financial results show that the company experienced a net cash outflow of 2.34 billion rupees from financing activities, largely due to the repayment of long-term finance totaling 1.81 billion rupees. Despite this, the company’s cash and cash equivalents increased to 4.75 billion rupees by the end of March 2026, up from 4.26 billion rupees at the same point last year.

The comprehensive income for the period included a profit of 983.51 million rupees and adjustments related to depreciation and deferred tax, which affected the surplus on revaluation of property, plant, and equipment. As of March 31, 2026, the total equity of Zahidjee Textile Mills stood at 21.88 billion rupees.

These financial outcomes underscore a very large move in Zahidjee Textile Mills’ operational cash flow, highlighting its robust cash management strategies amid challenging market conditions. The company’s financial results for the quarter ended March 31, 2026, will be available through PUCARS in due course.