Karachi: Quetta Textile Mills Limited has announced its financial results for the first quarter ended September 30, 2026, revealing a notable reduction in its pre-tax losses. According to the report released on October 29, 2026, the company recorded a pre-tax loss of Rs. 141.75 million, compared to a loss of Rs. 194.60 million in the same quarter of the previous year. This development marks a significant improvement in the company's financial performance.

The turnover for the quarter under review stood at Rs. 426.30 million, demonstrating a substantial increase from the Rs. 255.86 million reported in the corresponding quarter of the previous year. The pre-tax loss as a percentage of turnover also improved, coming down to 32% from the 74.81% reported in the previous year's quarter.

According to information available from the Pakistan Stock Exchange (PSX), the textile sector in Pakistan continues to grapple with high operational costs driven by elevated electricity and gas prices. These challenges have prompted calls for concerted governmental efforts to lower these costs to ensure the viability of the industry.

Despite these ongoing challenges, Quetta Textile Mills' management remains committed to navigating the financial and operational obstacles. The company is currently engaged in discussions with banks to formulate a mutually beneficial repayment plan.

The directors expressed their gratitude to the staff and workers for their unwavering support and dedication to the company during these challenging times.