Lahore: Sally Textile Mills Limited has reported persistent financial challenges for the third quarter and nine months ending March 31, 2026, underscoring ongoing difficulties in the textile sector. The Board of Directors, during a meeting held on April 27, 2026, at the company’s Lahore headquarters, announced that no dividends, bonus shares, right shares, or any other entitlements would be distributed to shareholders.
For the nine-month period ending March 31, 2026, Sally Textile Mills recorded a net turnover loss of 25.08 million rupees, compared to a loss of 25.88 million rupees in the same period the previous year. The company’s operating loss for the third quarter stood at 8.25 million rupees, slightly improving from the 8.62 million rupees loss reported in the corresponding quarter of 2025.
The cost of sales for the nine-month period was reported at 20.79 million rupees, a decrease from the 21.89 million rupees recorded for the same period last year. Administrative and general expenses for the nine months were 4.29 million rupees, an increase from 3.98 million rupees the previous year.
According to information available from the Pakistan Stock Exchange (PSX), Sally Textile Mills’ total comprehensive loss after taxation for the nine-month period amounted to 25.08 million rupees, showing a slight improvement from the previous year’s loss of 25.88 million rupees. The loss per share, both basic and diluted, was recorded at 2.86 rupees for the nine-month period ending March 31, 2026, compared to 2.95 rupees for the same period in 2025, indicating a minor move.
Despite these losses, the company’s balance sheet shows an increase in the loan from sponsors, which rose to 865.64 million rupees as of March 31, 2026, from 856.99 million rupees the previous year. This reflects ongoing financial support from sponsors amid challenging market conditions.
The company’s cash flow from operating activities remained negative, with no net cash flow reported for both the current and previous periods. However, financing activities showed a net inflow of 4.12 million rupees due to the increase in loans from sponsors.
Sally Textile Mills continues to face significant economic headwinds, with its financial results reflecting broader issues impacting the textile industry in Pakistan. The company plans to release its detailed quarterly report through PUCARS, providing further insights into its financial position and strategic direction.