Karachi: Nagina Cotton Mills Ltd reported a substantial increase in its annual profit for the fiscal year ending June 30, 2026. According to the company's financial statement released on September 29, 2026, the profit for the year soared to 281.59 million rupees, up from 50.42 million rupees in the previous year. This represents a very large or significant move of 458.65%.

The company's revenue from contracts with customers reached 21.56 billion rupees, marking a big move of 8.59% from the previous year's 19.86 billion rupees. Despite an increase in the cost of goods sold, which amounted to 19.76 billion rupees from 18.25 billion rupees, Nagina Cotton Mills Ltd managed to achieve a gross profit of 1.81 billion rupees, up from 1.61 billion rupees.

According to information available from the Pakistan Stock Exchange (PSX), the textile manufacturer's total assets decreased to 13.56 billion rupees from 14.60 billion rupees in the previous year. This decline was primarily attributed to a reduction in current assets, which fell to 7.80 billion rupees from 9.01 billion rupees. The company's stock-in-trade experienced a decline, dropping to 1.93 billion rupees from 4.64 billion rupees.

Nagina Cotton Mills Ltd's operating profit showed a moderate move, increasing to 1.22 billion rupees from 1.16 billion rupees. However, the finance cost saw a decrease to 582.48 million rupees from 721.45 million rupees, contributing to the improved profit before levies and taxation, which reached 638.21 million rupees from 442.26 million rupees.

The company's total comprehensive income for the year was reported at 279.27 million rupees, a significant improvement from the previous year's 59.21 million rupees. Earnings per share also saw a sharp increase to 15.06 rupees, compared to 2.70 rupees in the prior year.

The company's financial performance underscores a year of robust growth, driven by increased revenue and improved cost management. The designated market category for Nagina Cotton Mills Ltd is the textile industry.