REDCO · Redco Textiles Limited
Transmission of Annual Report for the Year Ended June 30, 2026
- Filed
- 6 October 2026 at 11:17 am
- Category
- Financials
- Sentiment
- Bad
- Impact
- High
AI executive summary
Redco Textiles Limited reported its annual financial results for the year ended June 30, 2026, recording net sales of PKR 1,795,992,686 and a profit after tax of PKR 5,568,286, down significantly from PKR 175,631,436 in the prior year due to higher operating expenses, impairment charges, and deferred tax expense. The Board of Directors decided not to recommend any dividend to conserve liquidity for working capital and business requirements.
Key takeaways
- Net sales for the year ended June 30, 2026, stood at PKR 1,795,992,686, compared with PKR 1,800,495,432 in the preceding year.
- Gross profit remained broadly stable at PKR 259,877,293 compared to PKR 259,152,594 previously.
- Operating profit declined to PKR 107,583,230 from PKR 207,978,571, primarily driven by higher other operating expenses including an impairment loss of PKR 87,907,501.
- Profit after taxation decreased sharply to PKR 5,568,286 from PKR 175,631,436, further impacted by a deferred tax expense of PKR 90,679,378.
- Basic earnings per share dropped to PKR 0.113 compared to PKR 3.563 in the previous year.
- The Board of Directors decided not to recommend any dividend for the year under review to conserve liquidity.
Filing details
Financial results
Annual · Audited · Standalone · 30 June 2026
Figures in Rupees
Reporting period
Year
- Income
- 1,795,992,686 (prior 1,800,495,432)
- Profit after tax
- 5,568,286 (prior 175,631,436)
- EPS
- 0.11 (prior 3.56)
- The Board of Directors decided not to recommend any dividend for the year ended June 30, 2026, to conserve liquidity for working capital and business requirements.
- The Board recommended the re-appointment of M/s Mushtaq & Co. Chartered Accountants as external auditors until the next Annual General Meeting.
- The 35th Annual General Meeting is scheduled to be held on Wednesday, October 28, 2026, at the Company's Registered Office in Islamabad.
Dividend and entitlement
- Type
- None
- Notes
- The document is for the transmission of annual financial statements and contains no mention of any dividend, bonus, or rights entitlement.
- #annual results
- #textile
- #profitability
- #dividend
- #impairment
This summary is AI-generated and may contain errors or omissions. Review the official PSX filing before making an investment decision.