Hamid Textile Mills Limited has released its unaudited financial results for the first quarter ended September 30, 2026, reporting a net loss amid challenging market conditions.
- Revenue decreased by 6.88% to PKR 232.90M compared to PKR 250.10M in the same quarter last year.
- Gross profit improved slightly to PKR 6.11M from PKR 5.28M year-on-year.
- The company recorded a net loss after tax of PKR 11.57M, worsening from a loss of PKR 10.10M in the prior year.
- Earnings per share (EPS) stood at PKR (0.87) compared to PKR (0.76) in the previous year.
- The company is facing liquidity issues due to ongoing litigation with its bank, impacting its working capital.
- Management is negotiating a settlement with the bank to restructure financial liabilities and improve operational stability.
- Cash and cash equivalents decreased to PKR 21.01M from PKR 30.17M at the end of the previous quarter.