Karachi: Olympia Mills Limited has announced its financial results for the quarter ending September 30, 2026, showing a notable increase in net profit despite a drop in revenue. The company reported a net profit of 7,491,139 rupees for the period, up from 6,780,813 rupees in the same quarter last year. This represents a very large or significant move of 10.47%.

The revenue from contracts with customers for the quarter stood at 45.63 million rupees, reflecting a decline from the 51.98 million rupees recorded in September 2025. This decrease was accompanied by a reduction in direct operating expenses, which fell to 25.19 million rupees from 34.59 million rupees, thereby enhancing the profit from the principal line of business to 20.44 million rupees from the previous year's 17.40 million rupees.

Administrative and general expenses saw an increase to 6.86 million rupees from 5.25 million rupees, while other income slightly decreased to 572,459 rupees from 603,910 rupees. Other expenses were marginally higher at 241,094 rupees compared to 220,200 rupees in the previous year. The operating profit rose to 13.91 million rupees from 12.53 million rupees.

The finance cost for Olympia Mills Limited increased to 1.05 million rupees from 874,632 rupees, resulting in a profit before income tax of 12.86 million rupees, up from 11.66 million rupees last year. The taxation for the period amounted to 5.37 million rupees, compared to 4.88 million rupees in September 2025.

According to information available from the Pakistan Stock Exchange (PSX), the company's earnings per share for the quarter stood at 0.624 rupees, a moderate move from 0.565 rupees in the same period last year.

Olympia Mills Limited, categorized under the designated market category of the textile industry, continues to navigate the financial landscape amid changing market conditions, maintaining a focus on operational efficiency and cost management to drive profitability.