Lahore: Sapphire Textile Mills Limited announced its financial results for the quarter and nine-month period ended March 31, 2026. The board of directors convened via video link from Lahore on April 28, 2026, to approve the financial statements. The company’s reports will be available through PUCARS.
For the quarter ending March 31, 2026, Sapphire Textile Mills reported a net turnover of 18.49 billion rupees, a decrease from 24.62 billion rupees in the same quarter of the previous year. This represents a very large or significant move in terms of percentage change. The net turnover for the nine-month period also experienced a decline, falling to 59.61 billion rupees from 71.38 billion rupees in the preceding year.
The cost of sales for the quarter was recorded at 16.28 billion rupees, down from 21.57 billion rupees, contributing to a gross profit of 2.21 billion rupees compared to 3.05 billion rupees in the previous year. The nine-month cost of sales amounted to 52.70 billion rupees, leading to a gross profit of 6.90 billion rupees, a decrease from 9.95 billion rupees in the prior year.
Administrative expenses for the quarter were 340.94 million rupees, up from 309.50 million rupees, while distribution costs decreased to 708.53 million rupees from 895.58 million rupees. The company reported other operating expenses of 134.91 million rupees.
According to information available from the Pakistan Stock Exchange (PSX), the other income for the quarter was 975.11 million rupees, a decrease from 1.91 billion rupees in the same period last year. However, for the nine-month period, other income saw a significant rise to 6.05 billion rupees from 2.99 billion rupees.
The profit from operations stood at 2.00 billion rupees for the quarter, compared to 3.67 billion rupees in the previous year. The finance cost for the quarter was recorded at 753.65 million rupees, showing a reduction from 1.12 billion rupees.
Profit before income tax for the quarter was 946.81 million rupees, down from 2.23 billion rupees in the previous year. After accounting for income tax expenses of 89.12 million rupees, the profit for the period was 857.70 million rupees, a decrease from 1.63 billion rupees in the prior year. Earnings per share for the quarter were reported at 39.54 rupees, down from 74.93 rupees.
For the nine months ending March 31, 2026, the profit before income tax was 5.86 billion rupees, an increase from 4.43 billion rupees in the previous year, despite an income tax expense of 992.21 million rupees. The profit for this period was 4.87 billion rupees, up from 3.53 billion rupees in the previous year, with earnings per share at 224.35 rupees compared to 162.56 rupees.
The textile sector, a key category on the Pakistan Stock Exchange, continues to face significant challenges in the market.