Karachi: Tata Textile Mills Limited (TTML) announced a substantial turnaround in its financial performance for the fiscal year ending June 30, 2025. The company reported a profit of 1.11 billion rupees, a significant move from a loss of 553.91 million rupees in the previous year. This financial improvement highlights TTML's strategic initiatives towards operational optimization and sustainable energy expansion.
TTML, a public limited company incorporated in Pakistan in 1987, specializes in the manufacturing and sale of yarn. The company operates three manufacturing units in Karachi, Kotri, and Muzaffargarh, with a total spindle capacity of 127,092. Over the years, TTML has built a strong export market presence, leveraging modern machinery and ongoing upgrades at its Muzaffargarh facility to enhance capacity and reduce costs.
The company's revenue from contracts with customers declined by 10%, registering at 41.24 billion rupees compared to 45.82 billion rupees in the previous year. Despite this revenue drop, TTML achieved a noteworthy profit before income tax of 1.33 billion rupees, compared to a loss of 458.87 million rupees last year, reflecting a very large or significant move. The cost of goods sold decreased by 8%, contributing to the improved financial outcome.
According to information available from the Pakistan Stock Exchange (PSX), TTML's other income surged by 86%, reaching 4.79 billion rupees, which played a pivotal role in offsetting the increased administrative expenses that rose by 25%. The finance cost also saw a reduction of 20%, further supporting the company's bottom line.
TTML's efforts in digital transformation and sustainability have been noteworthy. The company expanded its solar energy capacity to 11.14 MW in 2025, following the implementation of cloud-based ERP systems and a merger with Island Textile Mills Ltd., Salfi Textile Mills Ltd., and Tata Energy Ltd. during the 2020-2025 period. These initiatives are part of TTML's broader strategy to enhance operational efficiency and energy sustainability.
Earnings per share were recorded at 19.88 rupees, a reversal from the previous year's loss per share of 9.89 rupees. Looking ahead, TTML remains focused on leveraging its technological advancements and sustainability initiatives to drive further growth and profitability in the competitive textile market.