Lahore: Khalid Siraj Textile Mills Limited has reported its financial performance for the first quarter ending September 30, 2026, highlighting a notable reduction in post-tax losses. According to the company's unaudited interim financial report released on November 10, 2026, the loss after tax for the quarter was Rs. 0.675 million, a significant improvement from the Rs. 4.130 million loss recorded in the same period the previous year. This marks a very large or significant move in the company's financial trajectory.

The depreciation for the first quarter stood at Rs. 0.627 million, a decrease from Rs. 4.788 million in the first quarter of 2025. The textile mill, categorized under the designated market of textiles, also reported a cash loss of Rs. 0.048 million compared to a cash gain of Rs. 0.658 million in the corresponding quarter last year.

The company's financial position as of September 30, 2026, shows total equity and liabilities amounting to Rs. 463.53 million, slightly down from Rs. 464.16 million as of June 30, 2026. The share capital remained stable at Rs. 107.00 million. Accumulated loss increased marginally to Rs. 360.90 million from Rs. 360.67 million, while the surplus on revaluation of property, plant, and equipment was Rs. 330.83 million, slightly down from Rs. 331.27 million.

Non-current liabilities remained constant with long-term finances at Rs. 153.90 million and deferred liabilities at Rs. 87.12 million. Current liabilities, including short-term borrowings, unclaimed dividends, and other payables, totaled Rs. 145.59 million.

Asset-wise, the company's non-current assets, primarily property, plant, and equipment, were valued at Rs. 459.89 million, a slight decrease from Rs. 460.51 million. Current assets, including stores, spare parts, and cash balances, totaled Rs. 3.65 million.

According to information available from the Pakistan Stock Exchange (PSX), these financial results reflect Khalid Siraj Textile Mills Limited's strategic efforts to streamline operations and reduce losses. The company continues to navigate the challenges in the textile sector with a focus on improving its financial health and operational efficiency.