Karachi: Sunrays Textile Mills Ltd. has reported a substantial improvement in its financial performance for the year ending June 30, 2026, with a significant increase in annual profit compared to the previous year. According to the company's latest financial disclosures, the Board of Directors convened on October 2, 2026, to discuss the results and make key announcements.
The company recorded a profit of 370,495,719 rupees for the year, marking a very large or significant move compared to the 76,623,197 rupees reported in 2025. Earnings per share reflected this robust growth, rising to 17.90 rupees from 2.89 rupees in the prior year. The revenue from contracts with customers increased to 19.60 billion rupees from 19.26 billion rupees the previous year.
No cash dividends, bonus shares, right shares, or any other corporate actions were recommended by the Board. The financial statements indicate that the total assets of the company grew to 21.54 billion rupees from 20.11 billion rupees in 2025, driven primarily by an increase in current assets such as trade debts, which rose to 5.45 billion rupees from 4.44 billion rupees.
According to information available from the Pakistan Stock Exchange (PSX), the company's equity increased to 9.52 billion rupees from 9.15 billion rupees in the previous year. The positive financial performance was achieved despite a moderate move in finance costs, which decreased to 730.89 million rupees from 1.06 billion rupees, contributing to an improved gross profit of 1.79 billion rupees compared to 1.50 billion rupees in 2025.
Current liabilities also saw significant changes, with short-term borrowings rising to 6.80 billion rupees from 5.47 billion rupees. The company managed to reduce its non-current liabilities to 2.93 billion rupees from 3.28 billion rupees, reflecting better financial management.
In summary, Sunrays Textile Mills Ltd. has demonstrated strong fiscal performance over the past year, with noticeable improvements in profit margins and asset management. The company's results are indicative of its resilience and strategic financial planning in the textile market category.