Lahore: The Crescent Textile Mills Limited has reported its financial results for the first quarter ended September 30, 2026, highlighting a notable shift in various financial metrics compared to the same period last year. The report, dated October 30, 2026, reveals significant changes affecting the company’s profitability and operational costs.
The revenue for the quarter stood at 4.79 billion rupees, marking a very large decline from the 4.84 billion rupees recorded in the same quarter of the previous year. Concurrently, the cost of sales increased to 4.37 billion rupees from 4.25 billion rupees, resulting in a gross profit of 418.23 million rupees, down from 591.14 million rupees, which represents a significant move.
The Crescent Textile Mills Limited also reported reduced distribution costs and administrative expenses, with the distribution cost decreasing to 156.32 million rupees from 230.58 million rupees, and administrative expenses rising slightly to 150.88 million rupees from 136.61 million rupees. Other expenses were eliminated this year compared to the 1.073 million rupees listed last year, culminating in total expenses of 307.20 million rupees from 368.27 million rupees.
Profit from operations decreased to 169.18 million rupees from 244.03 million rupees. Additionally, the finance cost dropped to 161.90 million rupees from 215.42 million rupees, leading to a profit before levy and taxation of 7.28 million rupees, down from 28.61 million rupees.
According to information available from the Pakistan Stock Exchange (PSX), the levy and taxation for the quarter were recorded at 1.29 million rupees, which contrasts sharply with the negative 54.24 million rupees reported in the previous year. This resulted in a profit after taxation of 8.57 million rupees, compared to a loss of 25.63 million rupees last year.
Basic and diluted earnings per share were reported at 0.09 rupees, showing a recovery from the previous year's loss per share of 0.26 rupees. The financial results underscore the challenges and shifts faced by Crescent Textile Mills in the designated market category of the textile industry.