Karachi: Gadoon Textile Mills Limited has reported a substantial increase in its financial performance for the first quarter ended September 30, 2026. The company's unaudited condensed interim statement of profit or loss, released on October 29, 2026, reveals a notable rise in net sales and profit, marking a strong start to the fiscal year.

The company's net sales surged to 22.25 billion rupees for the quarter, compared to 19.73 billion rupees in the same period last year, reflecting a very large or significant move in sales. This increase in sales contributed to a gross profit of 2.72 billion rupees, up from 1.48 billion rupees in the previous year, showcasing a strong performance despite an increase in cost of sales to 19.53 billion rupees.

Operating expenses, including distribution and administrative costs, were recorded at 509.89 million rupees, up from 450.84 million rupees in the prior year. The finance cost decreased slightly to 718.66 million rupees from 729.35 million rupees. Other operating expenses rose to 121.67 million rupees compared to 59.38 million rupees last year.

According to information available from the Pakistan Stock Exchange (PSX), Gadoon Textile Mills Limited's profit before revenue taxes and income tax stood at 1.75 billion rupees, a significant increase from 681.64 million rupees in the same quarter of the previous year. Revenue taxes amounted to 280.32 million rupees, leading to a profit before income tax of 1.46 billion rupees, up from 499.26 million rupees.

After accounting for net taxation of 323.90 million rupees, the profit for the period was reported at 1.14 billion rupees, exhibiting a very large or significant move compared to the profit of 561.27 million rupees in the corresponding quarter last year. The earnings per share also saw a notable increase to 40.70 rupees from 20.02 rupees.

This financial performance places Gadoon Textile Mills Limited in a favorable position within the designated market category, reflecting the company's robust operations and strategic financial management in the textile industry.