Karachi: Janana De Malucho Textile Mills Limited has reported substantial financial losses for the fiscal year ending on June 30, 2026, as revealed during a corporate briefing session. The textile company, listed under the textile sector, experienced a notable downturn compared to the previous year, with all key financial indicators displaying a downward trend.

The company's net sales plummeted to 645.39 million rupees from the previous year’s 1.52 billion rupees, marking a very large or significant move in sales decline. This stark reduction in revenue was accompanied by a decrease in the cost of sales, which fell from 2.01 billion rupees to 793.87 million rupees. Despite the reduction in costs, the company reported a gross loss of 148.47 million rupees, compared to a gross loss of 485.83 million rupees the previous year.

Operational losses also improved slightly from a previous loss of 512.97 million rupees to 147.98 million rupees. However, the finance cost, which is a significant component of the company's expenses, saw a decrease from 261.97 million rupees to 136.00 million rupees.

According to information available from the Pakistan Stock Exchange (PSX), Janana De Malucho Textile Mills Limited recorded a loss before tax of 274.20 million rupees, an improvement from the previous year’s loss of 766.57 million rupees. Despite these adjustments, the company's loss after tax amounted to 344.26 million rupees, a marginal improvement over last year’s loss of 754.80 million rupees.

The loss per share also showed a moderate move, decreasing from 109.14 rupees to 49.78 rupees. The financial results exhibit the challenges faced by Janana De Malucho Textile Mills in navigating a difficult market environment over the past fiscal year.