Karachi: JDM Textile Mills Limited has announced its financial results for the third quarter and nine-month period ended March 31, 2026, revealing a substantial decrease in net sales and continued financial struggles. The company, facing multiple industry-wide challenges, reported net sales of Rs. 195.6 million for the nine-month period, a significant drop from Rs. 1,484.9 million in the same period last year.
According to the company’s board of directors, the decline in sales by Rs. 1,289.3 million was primarily due to the suspension of operations during the first half of the year and limited production in the early months of the third quarter. The financial results released on April 27, 2026, highlight the severe impact of these operational challenges on the company’s performance.
The company reported a net loss of Rs. 206.28 million for the nine-month period, an improvement from the Rs. 595.1 million loss recorded in the previous year. This reduction in losses is attributed to various cost control measures, despite the continued underutilization of production capacity and high fixed operating costs.
During the third quarter alone, JDM Textile Mills Limited’s sales were recorded at Rs. 181.36 million, with a gross loss of Rs. 24.11 million. Losses from operations and before tax were reported at Rs. 41.49 million and Rs. 73.39 million, respectively. The quarter ended with a loss after tax amounting to Rs. 75.65 million.
The textile industry, categorized under the textile spinning sector, continues to grapple with structural challenges, including elevated energy tariffs, high financing costs, and subdued demand in export markets. These factors, coupled with the influx of imported yarn from regional competitors, have exerted downward pressure on local prices. Additionally, volatility in cotton prices and lower domestic production are compounding the challenges faced by the sector.
According to information available from the Pakistan Stock Exchange (PSX), the industry is also dealing with supply chain disruptions and rising input costs driven by geopolitical tensions. These issues are expected to persist, impacting the overall outlook for textile companies in the region.
JDM Textile Mills Limited recorded a loss per share of Rs. 29.8 for the nine-month period, compared to a loss per share of Rs. 86.1 in the corresponding period last year. Despite the ongoing challenges, the company aims to navigate these turbulent times and explore avenues to optimize its production capacity and financial performance.