Karachi: Gul Ahmed Textile Mills Ltd. announced its financial results for the first quarter ending September 30, 2026, reporting a decrease in net sales and an increase in operating profit. The report, dated October 26, 2026, reflects the company's performance in a challenging market environment.

The company's net sales for the July to September 2026 quarter were recorded at 41.14 billion rupees, a decline from the 48.78 billion rupees reported in the same period last year. This marks a significant move in the company's sales performance. The cost of sales also decreased, totaling 34.26 billion rupees compared to 41.73 billion rupees in the previous year. Despite the drop in sales, the company achieved a gross profit of 6.88 billion rupees, slightly below the 7.04 billion rupees reported last year.

The textile company's selling and distribution costs increased to 3.36 billion rupees from 2.74 billion rupees, while administrative costs fell to 1.63 billion rupees from 2.09 billion rupees. Other operating costs saw an increase to 94.52 million rupees from 71.09 million rupees last year.

Gul Ahmed Textile Mills Ltd. reported an operating profit of 2.69 billion rupees, up from 2.56 billion rupees in the corresponding period last year. According to information available from the Pakistan Stock Exchange (PSX), the company's finance costs decreased to 1.47 billion rupees from last year's 1.76 billion rupees, contributing to a profit before levies and income tax of 1.23 billion rupees, a big move from the previous year's 799.80 million rupees.

After accounting for levies and income tax, Gul Ahmed's profit after taxation stood at 639.52 million rupees, compared to 307.10 million rupees last year. Earnings per share on a diluted basis rose to 0.86 rupees from 0.41 rupees, reflecting the company's improved profitability despite the downturn in sales.

The company's results demonstrate its ability to manage costs effectively while navigating a competitive and fluctuating market landscape.