Lahore: The National Silk & Rayon Mills Ltd. has reported its annual financial results for the year ending June 30, 2026, highlighting a nominal increase in net turnover in the face of rising costs and geopolitical tensions. The company's annual report, released on October 7, 2026, provides a comprehensive overview of its financial performance and strategic initiatives.
The report shows a slight increase in net turnover to Rs. 2.46 billion from Rs. 2.45 billion in the previous year, reflecting a stable market presence despite challenges. The gross profit for the year stood at Rs. 186.01 million, down from Rs. 190.50 million in 2025. Selling, administrative, and operating expenses decreased to Rs. 74.42 million from Rs. 84.40 million, indicating effective cost management strategies.
The profit before taxation reached Rs. 109.15 million, marginally lower than the Rs. 111.41 million recorded in 2025. After accounting for taxation of Rs. 39.12 million, the profit after taxation was reported at Rs. 70.04 million, compared to Rs. 83.40 million in the previous year. The earnings per share declined to Rs. 4.50 from Rs. 5.36, reflecting the impact of external economic pressures.
According to information available from the Pakistan Stock Exchange (PSX), the company's share price showed volatility during the year, with a minimum price of Rs. 71.36 and a maximum of Rs. 236.10, closing at Rs. 188.34 on June 30, 2026. This represents a moderate move in the market, highlighting investor confidence amid fluctuating economic conditions.
The Board of Directors decided not to recommend a dividend for the fiscal year, citing the company's liquidity position and prevailing high-interest rate environment. Despite these challenges, the company successfully met its financial commitments and debt obligations on time.
The company's contribution to the national exchequer increased slightly to Rs. 483.15 million from Rs. 479.76 million, demonstrating its continued commitment to national economic growth. The National Silk & Rayon Mills Ltd. remains focused on sustainable growth through operational excellence, product diversification, and cost reduction.
The Board has reaffirmed its commitment to high standards of corporate governance, approving the company's vision, mission, and corporate strategy in line with the Listed Companies (Code of Corporate Governance) Regulation 2019. The adoption of a whistle-blowing policy and compliance with governance codes further underline the company's emphasis on integrity and accountability.
The company also places significant importance on its human resources, emphasizing employee engagement, welfare, and development. It operates a funded contributory provident fund scheme for employees, aligning with its corporate social responsibility initiatives aimed at supporting its workforce and the broader community.
As the company navigates the complexities of the current economic landscape, it remains committed to its strategic goals and stakeholder relationships, ensuring a balanced approach to growth and sustainability.