Karachi: Janana De Malucho Textile Mills Ltd., a key player in the textile sector, reported a significant financial downturn for the quarter ending September 30, 2026. According to the recently published financial results, the company recorded a substantial total comprehensive loss of 121.65 million rupees, reflecting a worsening situation compared to the 93.70 million rupees loss reported in the same period last year.

The company’s sales for the three-month period surged to 558.29 million rupees, compared to a mere 11.81 million rupees in the corresponding period of the previous year. Despite this notable increase in sales, the company faced a steep rise in the cost of sales, which amounted to 616.36 million rupees, a substantial increase from 59.02 million rupees last year, resulting in a gross loss of 58.07 million rupees.

In terms of operational expenses, Janana De Malucho Textile Mills Ltd. incurred a distribution cost of 592,000 rupees and administrative expenses amounted to 27.66 million rupees. These figures contributed to a loss from operations totaling 86.32 million rupees, compared to a loss of 55.43 million rupees during the same period in 2025.

Finance costs, a notable component of the company's expenses, stood at 28.36 million rupees, slightly down from 38.12 million rupees last year. The pre-tax loss escalated to 114.67 million rupees, with the loss after taxation mirroring this figure, emphasizing the absence of deferred taxes during this quarter.

According to information available from the Pakistan Stock Exchange (PSX), the loss per share was reported at 17.59 rupees, a significant move from the previous year's loss per share of 13.55 rupees.

The balance sheet as of September 30, 2026, showed total assets of 7.78 billion rupees, up from 7.66 billion rupees on June 30, 2026. Current assets accounted for 574.32 million rupees with notable increases in stock-in-trade and income tax refundable. Non-current assets remained relatively stable at 7.21 billion rupees.

Liabilities saw an upward trend with current liabilities reaching 2.13 billion rupees, driven by increases in trade and other payables, as well as contract liabilities. Total liabilities were reported at 2.52 billion rupees, an increase from 2.28 billion rupees in the previous period.

The company's equity stood at 5.26 billion rupees, down from 5.38 billion rupees, reflecting the ongoing financial challenges. Janana De Malucho Textile Mills Ltd. continues to navigate a complex financial landscape, with efforts likely focused on managing rising costs and stabilizing financial performance.