Karachi: Allawasaya Textile and Finishing Mills Ltd. has reported a significant decline in its financial performance for the first quarter ending September 30, 2026, reflecting a challenging period for the company. The company released its unaudited financial results on October 28, 2026, which highlighted a considerable downturn in both revenue and profitability.

The textile company reported a revenue of 894.38 million rupees for the quarter, down from 1.37 billion rupees in the same period the previous year. This represents a very large or significant move of 34.57% in revenue loss compared to the first quarter of 2025. The cost of goods sold decreased to 879.40 million rupees from 1.27 billion rupees, resulting in a gross profit of 14.98 million rupees, down from 101.63 million rupees in the previous year.

According to information available from the Pakistan Stock Exchange (PSX), the company's other income increased to 3.23 million rupees from 2.14 million rupees. However, the distribution and marketing expenses were reduced to 5.77 million rupees from 11.30 million rupees, while administrative expenses decreased to 31.75 million rupees from 40.35 million rupees. The finance costs also saw a reduction, totaling 18.66 million rupees compared to 22.88 million rupees in the prior year.

The financial results revealed a loss before revenue tax and income tax of 37.97 million rupees, contrasting with a profit of 27.24 million rupees reported in the same quarter last year. After accounting for a revenue tax of 11.18 million rupees, the loss before income tax stood at 49.15 million rupees, compared to a profit of 10.14 million rupees in the previous year.

The company's earnings per share also reflected the downturn, with a loss of 61.44 rupees compared to earnings of 12.68 rupees per share in the corresponding quarter last year. These figures underscore the financial pressures faced by Allawasaya Textile and Finishing Mills Ltd. during the first quarter of 2026.