Karachi: Shams Textile Mills Limited has reported its financial results for the quarter ended September 30, 2026, reflecting a challenging period characterized by increased costs and reduced profitability. According to the company's un-audited condensed interim profit and loss account, revenue for the quarter reached 950.30 million rupees, marking a very large or significant move of 3.39% compared to the 919.10 million rupees recorded in the same period last year.
The cost of sales for the quarter was reported at 944.60 million rupees, up from 892.86 million rupees in the previous year, which led to a gross profit of 5.70 million rupees, significantly lower than the 26.24 million rupees achieved in the prior year. The increase in the cost of sales contributed to the decreased gross profit, reflecting the company's ongoing struggles with rising operational expenses.
Administrative expenses also saw an increase, totaling 37.08 million rupees compared to 33.84 million rupees in the corresponding quarter of 2025. Distribution costs rose to 5.46 million rupees from the previous year's 4.85 million rupees. These expenses contributed to an overall operational loss of 33.54 million rupees, a substantial decline from the 8.67 million rupees loss reported in 2025.
Other income for the quarter amounted to 3.29 million rupees, down from 4.15 million rupees in the previous year. This reduction in other income, combined with the increased costs, led to a loss before levy of 68.21 million rupees, widening from the 44.32 million rupees loss recorded last year. After accounting for a levy of 11.88 million rupees, up slightly from 11.49 million rupees, the company reported a loss after levy of 80.09 million rupees, compared to a loss of 55.81 million rupees in the same quarter of the previous year.
According to information available from the Pakistan Stock Exchange (PSX), the company's performance reflects the broader challenges faced by the textile sector amid fluctuating costs and market dynamics. The loss per share for the quarter was reported at 9.27 rupees, compared to 6.46 rupees in the corresponding period last year, highlighting the company's financial challenges during this period.