Karachi: Rupali Polyester Limited has reported its financial results for the first quarter ending September 30, 2026, revealing a significant downturn in sales and profitability. The company's net sales plummeted to 153.41 million rupees, compared to 967.45 million rupees in the same period of the previous year, marking a severe contraction in revenue generation.

The cost of sales also witnessed a reduction, albeit less steep, falling to 300.85 million rupees from 1.15 billion rupees. This resulted in a gross loss of 147.44 million rupees, an improvement from the 183.24 million rupees loss recorded in the corresponding quarter of 2025. The figures indicate a continued financial struggle for the company as it grapples with market challenges.

According to information available from the Pakistan Stock Exchange (PSX), Rupali Polyester's other income decreased to 50.15 million rupees from 58.31 million rupees, contributing to the total loss before levy and taxation of 264.19 million rupees, slightly better than the 277.20 million rupees reported in the previous year. The company's financial performance was further impacted by administrative expenses rising to 75.22 million rupees from 58.59 million rupees and finance costs increasing to 87.08 million rupees from 82.88 million rupees.

Additionally, the earnings per share for the first quarter of 2026 stood at a negative 7.81 rupees, compared to a negative 8.49 rupees in the same period last year. This reflects a minor move in the company's earnings per share.

The designated market category for Rupali Polyester Limited remains within the broader textiles and manufacturing sector, which has been facing multiple headwinds, including fluctuating raw material costs and global market conditions. The company did not report any provision for taxation for the period under review, maintaining its loss for the period at 266.11 million rupees, slightly lower than the 289.29 million rupees loss in the same quarter of 2025.