Lahore: Nagina Cotton Mills Ltd. has reported a substantial rise in profit for the quarter ending September 30, 2026, as detailed in its condensed interim statement of profit or loss and other comprehensive income. The results show a notable increase in both revenue and profit, indicating a strong performance by the company compared to the same period last year.
The company's revenue from contracts with customers reached 6.18 billion rupees, up from 5.14 billion rupees in the corresponding quarter of 2025. This represents a big move of 20.33% in revenue. The cost of goods sold also increased to 5.49 billion rupees from 4.72 billion rupees, resulting in a gross profit of 699.11 million rupees, significantly higher than the 416.83 million rupees reported last year.
Operating expenses, which include distribution costs, administrative expenses, and other expenses, rose to 231.44 million rupees from 147.61 million rupees. Despite the increase in these costs, the company reported an operating profit of 478.36 million rupees, compared to 289.38 million rupees in the previous year.
According to information available from the Pakistan Stock Exchange (PSX), Nagina Cotton Mills' profit before taxation surged to 330.24 million rupees from 78.21 million rupees, marking a very large or significant move of 322.34%. After accounting for taxation of 106.74 million rupees, the profit for the period stood at 223.51 million rupees, compared to 26.16 million rupees in the previous year.
The earnings per share for the period increased to 11.95 rupees, a sharp rise from 1.40 rupees in the same quarter of the previous year, reflecting the company's improved financial performance.
However, the company reported a loss of 2.05 million rupees in fair value on its investment in equity instruments designated at fair value through other comprehensive income (FVTOCI), contrasting with a gain of 5.53 million rupees in the previous year. Consequently, the total comprehensive income for the period amounted to 221.46 million rupees, compared to 31.69 million rupees last year.
Nagina Cotton Mills Ltd.'s financial results for the quarter reflect a strong operational performance and the ability to manage costs effectively, despite the increase in distribution and administrative expenses. The company's performance in the textiles sector, as reflected in the PSX data, highlights its competitive positioning in the market.