Suraj Cotton Mills Limited has released its un-audited financial results for the first quarter ended September 30, 2026, demonstrating a solid performance despite a challenging market environment.
- Net profit after tax (PAT) increased to PKR 451.05M, up 13.76% from PKR 396.50M in the same period last year.
- Earnings per share (EPS) rose to PKR 9.24, compared to PKR 8.12 in the prior year.
- Revenue for the quarter was PKR 5.68B, down 12.49% from PKR 6.49B year-on-year, reflecting a decline in sales amid tough market conditions.
- Gross profit improved significantly by 33.53% to PKR 652.24M, with a gross margin increase to 11.5% from 7.5%, attributed to lower raw material and energy costs.
- Other income decreased to PKR 161M from PKR 303M, impacted by reduced unrealized gains on investments.
- Capital expenditure for the quarter was substantial at PKR 1.87B, primarily for new plant and machinery, financed largely through long-term loans of PKR 1.80B.
- Shareholders' equity rose to PKR 15.94B from PKR 15.58B as of June 30, 2026.
- The company continues to face challenges from inflationary pressures and subdued demand in export markets, but remains committed to operational efficiency and long-term value creation.