Lahore: Paramount Spinning Mills Limited has reported a financial setback for the first quarter ending September 30, 2025, as detailed in its unaudited condensed interim profit and loss account. The company recorded a loss after taxation amounting to 1.83 million Rupees, a stark contrast to a profit of 212,910 Rupees in the corresponding quarter of the previous year.
Administrative expenses significantly impacted the company’s bottom line, escalating to 1,842,650 Rupees from 295,361 Rupees a year earlier. Meanwhile, other operating income saw a decline, registering at 10,189 Rupees compared to 510,243 Rupees in the previous year. Consequently, the loss from operations stood at 1.83 million Rupees, compared to a profit of 214,882 Rupees in the previous year.
The finance cost for the quarter was recorded at 1,021 Rupees, a decrease from 1,972 Rupees in the same period last year. Despite the reduced finance cost, the loss before taxation mirrored the operational losses, also amounting to 1.83 million Rupees, down from a profit of 212,910 Rupees previously.
According to information available from the Pakistan Stock Exchange (PSX), the company’s earnings per share fell to a loss of 0.11 Rupees, contrasting with an earnings per share of 0.01 Rupees in the first quarter of 2024.
The financial results reflect the challenges faced by Paramount Spinning Mills Limited as it navigates through increased operational costs and decreased other income, impacting the overall profitability of the company for the quarter.