NCML · Nazir Cotton Mills Limited
TRANSMISSION OF ANNUAL REPORT FOR THE YEAR ENDED JUNE 30, 2026
- Filed
- 7 October 2026 at 3:22 pm
- Category
- Financials
- Sentiment
- Neutral
- Impact
- High
AI executive summary
Nazir Cotton Mills Limited reported its annual financial results for the year ended June 30, 2026, posting a net profit after tax of PKR 73.897 million compared to a net loss of PKR 7.231 million in the preceding year, primarily driven by other operating income from asset disposal. The company's shareholders approved changing its name to Nazir Ventures Limited and shifting its core business focus from textile spinning to investment and dairy farming activities.
Key takeaways
- Profit after tax for the year ended June 30, 2026, was PKR 73,897,121, recovering from a net loss of PKR 7,231,370 in the previous year.
- Basic earnings per share stood at PKR 3.21 for FY2026, compared to a loss per share of PKR (0.31) in FY2025.
- Profit before taxation was PKR 73,531,003, compared to PKR 6,653,409 in the prior year.
- Other operating income reached PKR 88,550,830, largely boosted by gains on the disposal of property, plant, and equipment.
- The Board did not recommend any dividend for the year.
- Shareholders approved changing the company name to Nazir Ventures Limited and transitioning its principal line of business towards investment and dairy farming.
Filing details
Financial results
Annual · Audited · Standalone · 30 June 2026
Figures in Rupees
Reporting period
Year
- Income
- 0 (prior 0)
- Profit after tax
- 73,897,121 (prior -7,231,370)
- EPS
- 3.21 (prior -0.31)
- Changed the name of the company from Nazir Cotton Mills Limited to Nazir Ventures Limited.
- Shifted the principal line of business from textile spinning to investment activities and dairy farming.
- Approved the disposal of surplus land and reclassification of assets to non-current assets held for sale.
Dividend and entitlement
- Type
- None
- Notes
- The document is a transmittal letter for annual financial statements and does not declare any dividend, bonus, or rights entitlement.
- #ncml
- #annual-results
- #earnings
- #textile
- #diversification
This summary is AI-generated and may contain errors or omissions. Review the official PSX filing before making an investment decision.