Lahore: Ashfaq Textile Mills Limited reported a notable turnaround in its financial performance for the quarter ended September 30, 2025, as the company announced its unaudited financial results.
The company recorded sales of 168.14 million rupees, a significant increase from the 105.49 million rupees reported during the same period last year. The cost of goods sold was 152.35 million rupees, leading to a gross profit of 15.79 million rupees, compared to a gross loss of 10.99 million rupees in the previous year. Other income for the period stood at 672,498 rupees, down from 1.09 million rupees last year.
After accounting for selling costs of 298,055 rupees and administrative expenses of 9.29 million rupees, the company reported a profit before taxation of 6.87 million rupees. This marks a recovery from the loss of 18.12 million rupees in the same quarter of the previous year. The finance cost observed was 1,238 rupees, a decrease from 5,840 rupees in 2024.
According to information available from the Pakistan Stock Exchange (PSX), Ashfaq Textile Mills achieved a profit of 5.06 million rupees for the period, compared to a loss of 19.60 million rupees last year. This turnaround is reflected in the earnings per share, which rose to 0.01 rupees from a loss of 0.04 rupees per share.
The company’s total comprehensive income for the period reached 10.47 million rupees, a contrast from the comprehensive loss of 15.30 million rupees reported last year. Incremental depreciation on revalued assets contributed 5.41 million rupees to the comprehensive income.
The balance sheet as of September 30, 2025, shows issued, subscribed, and paid-up capital at 465.65 million rupees, with revaluation surplus on property, plant, and equipment at 401.51 million rupees. Revenue reserves, in the form of unappropriated profits, stood at 119.48 million rupees, bringing the total equity to 1.00 billion rupees.
The financial results indicate a positive shift for Ashfaq Textile Mills, as the company navigates the textile market with improved profitability and resilience.