Karachi: Sally Textile Mills Limited released its financial results for the fiscal year ending September 30, 2026, showing a notable improvement in its financial position. The company reported a significant reduction in losses, with a total loss after taxation amounting to 6,066,111 Rupees, compared to a previous loss of 30,573,766 Rupees for the quarter ending June 2026. This represents a very large move of 80% in the company's financial performance.

According to the statement of profit or loss provided by Sally Textile Mills Limited, the company reported no revenue from contracts with customers for the period. The cost of sales noted a decrease, reported at 6,792,032 Rupees, down from 28,561,480 Rupees, contributing to a reduced gross loss.

Administrative expenses also saw a significant decrease, recorded at 1,195,069 Rupees in contrast to the 10,111,275 Rupees reported in the previous quarter. This helped mitigate the operating loss, which was reported at 7,987,100 Rupees, compared to the earlier figure of 38,672,755 Rupees.

Despite the absence of other income and finance costs, the provision for taxation contributed to a reduction in the pre-tax loss, which stood at 7,987,100 Rupees. The company's earnings per share improved to a loss of 0.69 Rupees, compared to a loss of 3.48 Rupees in the preceding quarter.

According to information available from the Pakistan Stock Exchange (PSX), the performance of Sally Textile Mills Limited represents a shift in the company's financial trajectory, marking a recovery phase despite the persisting lack of revenue.

The designated market category for Sally Textile Mills Limited remains unchanged as the company continues to navigate through its financial challenges, focusing on reducing its operational losses and enhancing its financial sustainability.