Karachi: Sapphire Textile Mills Limited has announced its financial results for the first quarter ending September 30, 2026, revealing a significant increase in profit compared to the same period last year. The report, dated October 29, 2026, showcases key financial figures that demonstrate the company's improved performance in the textile sector.

For the quarter ending September 30, 2026, Sapphire Textile Mills Limited recorded a net turnover of 24.54 billion rupees, up from 21.98 billion rupees in the previous year. The cost of sales also increased to 20.98 billion rupees from 19.46 billion rupees. Consequently, the gross profit rose to 3.56 billion rupees, compared to 2.52 billion rupees in the corresponding quarter of the previous year.

The distribution cost for the company stood at 1.19 billion rupees, while administrative expenses were recorded at 341.28 million rupees. Other operating expenses increased to 92.31 million rupees, compared to 37.37 million rupees in the previous year. Despite the rise in operating expenses, the profit from operations increased to 2.86 billion rupees from 2.52 billion rupees.

Finance costs saw a reduction, with the company incurring 816.82 million rupees, down from 956.77 million rupees in the same period last year. This contributed to an increase in profit before revenue tax, income tax, and levy, which was reported at 2.04 billion rupees, up from 1.56 billion rupees.

According to information available from the Pakistan Stock Exchange (PSX), the company's profit before income tax reached 1.67 billion rupees, a substantial increase from 1.21 billion rupees last year. The income tax expense for the period decreased to 104.50 million rupees from 312.22 million rupees, resulting in a net profit of 1.56 billion rupees for the first quarter of 2026. This marks a very large or significant move of 73.42% compared to the 900.15 million rupees profit reported for the same period in 2025.

Earnings per share saw a notable increase, with basic and diluted earnings per share reported at 71.97 rupees, up from 41.50 rupees last year. This reflects the company's robust financial performance and its ability to increase shareholder value.

The textile sector, a vital part of the country's economy, continues to face challenges, yet Sapphire Textile Mills Limited's latest financial results highlight its resilience and capacity to adapt to market conditions.