Lahore: In its financial report released on September 29, 2026, Ellcot Spinning Mills Ltd announced a profit after income tax of Rupees 206,175,034 for the year ending June 30, 2026, marking a significant increase from the Rupees 76,617,625 reported the previous year. This change reflects a very large or significant move of 169.07% in profitability, driven by both increased revenues and reduced costs.
The report detailed an increase in revenue from contracts with customers, which rose to Rupees 16,225,619,768 from the prior year's Rupees 15,886,089,353. This boost in revenue was complemented by a reduction in the cost of sales percentage-wise, resulting in a gross profit of Rupees 1,128,201,858, up from Rupees 970,916,060, representing a big move.
Ellcot Spinning Mills Ltd's total equity climbed to Rupees 4,470,171,649 from Rupees 4,268,132,163, showcasing an enhancement in financial strength. The capital reserves saw a notable increase to Rupees 83,420,141 from Rupees 47,845,448, contributing to the overall equity growth.
The company's liabilities exhibited a downward trend, with total liabilities decreasing to Rupees 6,498,269,997 from Rupees 6,948,096,456. Non-current liabilities reduced to Rupees 3,579,962,186 from Rupees 3,875,874,196, while current liabilities decreased to Rupees 2,918,307,811 from Rupees 3,072,222,260.
According to information available from the Pakistan Stock Exchange (PSX), Ellcot Spinning Mills Ltd's financial position reflects the company's strategic efforts to optimize its financial structure, evidenced by a decrease in long-term borrowings to Rupees 2,913,535,552 from Rupees 3,217,887,879.
In terms of assets, the company reported a total of Rupees 10,968,441,646, down from Rupees 11,218,228,619 the previous year. This was largely due to a reduction in current assets, which fell to Rupees 5,972,194,394 from Rupees 8,414,281,457, while non-current assets increased to Rupees 4,996,247,252 from Rupees 4,801,967,182.
The company's basic earnings per share improved to Rupees 18.83 from Rupees 7.00, underscoring the substantial profit growth. This financial statement indicates a robust performance amidst the fluctuating economic environment, positioning Ellcot Spinning Mills Ltd favorably in the textile sector.