Gul Ahmed profit more than doubles to Rs640m in 1QFY27
MG News | October 26, 2026 at 10:54 AM GMT+05:00
October 26, 2026 (MLN): Consolidated profit after taxation of Gul Ahmed Textile Mills Limited (PSX: GATM) more than doubled, rising 108.24% year-on-year to Rs639.52m for the three months ended September 30, 2026, compared with Rs307.10m in the same period last year.
Diluted earnings per share (EPS)
rose 109.76% to Rs0.86 from Rs0.41 in the corresponding quarter last year.
The growth came from a more than
doubling of other income, a 22% cut in administrative costs and a lower finance
cost. These offset a drop in sales and higher selling and distribution costs.
Net sales fell 15.65% to
Rs41.14bn from Rs48.78bn. Cost of sales declined faster, by 17.90%, to
Rs34.26bn from Rs41.73bn, which limited the fall in gross profit to 2.33% at
Rs6.88bn, compared with Rs7.04bn.
Selling and distribution cost
increased 22.63% to Rs3.36bn from Rs2.74bn, while administrative cost fell
22.02% to Rs1.63bn from Rs2.09bn.
Other operating cost rose 32.96%
to Rs94.52m from Rs71.09m. Other income more than doubled to Rs895.10m from
Rs413.34m.
As a result, operating profit
grew 5.24% to Rs2.69bn from Rs2.56bn.
Finance cost fell 16.59% to
Rs1.47bn from Rs1.76bn, providing further relief.
Profit before levies and income
tax climbed 53.21% to Rs1.23bn from Rs799.80m. Levies rose 14.95% to Rs494.78m
from Rs430.42m, taking profit before income tax up 97.80% to Rs730.62m from
Rs369.38m.
Income tax increased 46.28% to
Rs91.10m from Rs62.28m, which left profit after taxation at Rs639.52m.
|
CONSOLIDATED STATEMENT
OF PROFIT OR LOSS FOR THE THREE MONTHS ENDED SEPTEMBER 30, 2026 (Rs.000) |
|||
|
Description |
2026 |
2025 |
Change (%) |
|
Sales - net |
41,143,955 |
48,777,108 |
-15.65% |
|
Cost of sales |
(34,264,105) |
(41,733,035) |
-17.90% |
|
Gross profit |
6,879,849 |
7,044,073 |
-2.33% |
|
Selling and distribution
cost |
(3,360,017) |
(2,740,045) |
22.63% |
|
Administrative cost |
(1,629,090) |
(2,089,031) |
-22.02% |
|
Other operating cost |
(94,521) |
(71,090) |
32.96% |
|
Other income |
895,096 |
413,336 |
116.55% |
|
Operating profit |
2,691,317 |
2,557,243 |
5.24% |
|
Finance cost |
(1,465,914) |
(1,757,442) |
-16.59% |
|
Profit before levies and
income tax |
1,225,403 |
799,801 |
53.21% |
|
Levies |
(494,784) |
(430,420) |
14.95% |
|
Profit before income tax |
730,619 |
369,381 |
97.80% |
|
Income tax |
(91,103) |
(62,281) |
46.28% |
|
Profit after taxation |
639,516 |
307,099 |
108.24% |
|
Earnings per share -
diluted (Rs.) |
0.86 |
0.41 |
109.76% |
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