Ellcot Spinning Mills Limited has released its un-audited financial results for the third quarter ended March 31, 2026, showing significant improvements in profitability despite ongoing economic challenges in the textile sector.
- Revenue for the quarter increased by 3.46% to PKR 4,100.93M, compared to PKR 3,963.70M in the same quarter last year.
- Profit after tax surged to PKR 26.27M, up from PKR 8.94M in the prior year, resulting in an EPS of PKR 2.40 versus PKR 0.82.
- Gross profit margin improved to 6.66% from 5.87% year-on-year, aided by a reduction in the cost of sales to 93.34% of revenue.
- Operating expenses rose slightly to 2.77% of sales, while finance costs decreased to 1.81% of sales.
- The report is un-audited and covers the period from January 1, 2026, to March 31, 2026.
- The company maintains a healthy liquidity position and is actively investing in solar energy projects to enhance operational efficiency.