Karachi: Quetta Textile Mills Limited has released its financial report for the quarter ending March 31, 2025, revealing a significant increase in pre-tax losses and a challenging business environment. The company, operating within the designated market category of the textile industry, reported a pre-tax loss of Rs. 734.69 million for the quarter, compared to a pre-tax loss of Rs. 420.40 million in the same period last year.

The sales figures for the nine-month period ending March 31, 2025, stood at Rs. 724.62 million, marking an increase from Rs. 607.20 million recorded in the corresponding period of the previous year. Despite this rise in sales, the pre-tax loss as a percentage of sales has escalated to 101.39% from 69.23% in the comparable nine-month period.

According to information available from the Pakistan Stock Exchange (PSX), the textile industry, within which Quetta Textile Mills operates, continues to grapple with severe challenges, primarily due to high electricity and gas prices and the overall increased cost of doing business. These factors have significantly impacted the company's financial performance, contributing to the heightened losses reported.

The directors of Quetta Textile Mills have expressed their commitment to continue operations despite the financial difficulties. The company's leadership extends gratitude to its staff and workers for their efforts during these challenging times.