Karachi: Reliance Weaving Mills Limited has reported a robust financial performance for the fiscal year ending June 30, 2026, as detailed in their Annual Report released on October 7, 2026. The company's profit before taxation surged to PKR 1,634.33 million, a significant increase from PKR 685.71 million the previous year. Post-tax net profit also rose to PKR 812.63 million from PKR 256.99 million, illustrating effective management amidst economic turbulence.
The financial year unfolded against a backdrop of intensified global challenges, including the Iran-Israel-U.S. conflict and the ongoing Russia-Ukraine war, which disrupted international oil prices and supply chains. Domestically, Pakistan's economy showed resilience due to improved GDP growth and easing interest rates, despite rising oil prices and inflationary pressures. Reliance Weaving Mills focused on controlling costs and managing supply chain risks to maintain performance.
The company achieved these results while maintaining consistent sales volumes, with total sales increasing to PKR 41,612 million from PKR 40,220 million in the previous year. Notably, finance costs saw a reduction of 5.43%, and energy costs decreased by 11%, providing a boost to profitability. According to information available from the Pakistan Stock Exchange (PSX), the market capitalization of Reliance Weaving Mills rose to PKR 5,072 million, up from PKR 4,068 million last year, reflecting investor confidence.
Financial ratios also highlighted improved stability, with the current ratio rising to 0.97 from 0.94, and the interest coverage ratio increasing to 1.60 from 1.24. The earnings per share saw a remarkable increase to Rs. 26.37 from Rs. 8.34, and the market value of a share climbed to Rs. 164.62 from Rs. 132.04.
Reliance Weaving Mills' contribution to the national exchequer continues to grow, indicating its increasing economic impact. No significant changes affecting the company's financial position have occurred since the end of the fiscal year, ensuring transparency and consistency in financial reporting.