ELAHI COTTON MILLS LIGHTED
1st QUARTER ACCOUNTS
30-Sep-25
(UN-AUDITED)
SS'IIIT¥.
Elahi Cotton Mills Limited
270, Sector 1-9, Industrial Area, Islamabad (Pakistan) Phone : (051) 4433451-3, Fax : (051) 4431072
https://www.elahicotton.com, E-mail: elahicotton@gmail.com
COMPANY'S INFORMATION BOARD OF DIRECTORSMAHBOOB ELAHI MAHFOOZ ELAHI MAHMOOD ELAHI FARRUKH AHMED AHMED SHAFFI
M.AZEEM AFZAL HASHMI SAMINA BEGUM
CHAIRMANMAHBOOB ELAHI
CHIEF EXECUTIVEMAHFOOZ ELAHI
AUDIT COMMITTEEFARRUKH AHMED MAHBOOB ELAHI AHMED SHAFFI
HRR COMMITTEEMAHMOOD ELAHI M.AZEEM AFZAL HASHMI FARRUKH AHMED
CHIEF FINANCIAL OFFICER MUHAMMAD IMTIAZ COMPANY SECRETARY SALEEM AHMED AUDITORSM/S. BDO EBRAHIM & CO. CHARTERED ACCOUNTANTS 23, EAST SAEED PLAZA BLUE AREA, ISLAMABAD
REGISTRAR OFFICECORPLINK (PVT) LIMITED WINGS ARCADE,
1-K, COMMERCIAL, MODEL TOWN, LAHORE
LEGAL ADVISERM/S. KHAN & PIRACHA NO.1, 2ND FLOOR, 6-B, MARKAZ F-6, ISLAMABAD
REGISTERED OFFICE270-SECTOR 1-9, INDUSTRIAL AREA, ISLAMABAD.
MILLSJURIAN, MANDRA, TEHSIL GUJAR KHAN, DISTRICT RAWALPINDI.
WEBSITE
https://www.eIahicotton.com
ELAHI COTTON MILLS LIMITED DIRECTORS' REVTEW TO THE MEMBERSThe Directors of your Company are presenting you the unaudited condensed interim financial statements for the1't quarter ended on September 30, 2025.
The principal business of the Company is to manufacture and sale of pure polyester yarn. The Company registered a turnover of Rs. 253.126 million for the quarter ended September 30, 2025 as compared to Rs.
266.300 million for the quarter ended September 30, 2024 showing decrease of Rs. 13.174 million (5.20%) whereas the cost of sales increased from Rs. 247.018 million to Rs. 248.750 million showing increase of Rs. 1.732 million (0.70%). The Company incurred loss before taxation of Rs. 0.400 million for the quarter ended September 30, 2025 as compared to profit of Rs. 14.521 million for the quarter ended September 30, 2024 and loss after tax of Rs. 3.564 million as compared to profit of ks. 10.050 million. The loss incurred by the Company is due to decrease in the rates of finished goods. The Management expects the next quarter to be unfavourable as reduced demand from the value-added textile industry is likely to affect sales volume.
Loss per share for the quarter ended September 30, 2025 is Rs. 2.74. The Directors of the Company do not recommend payment of any cash dividend/bonus shares to the shareholders of the Company.
ON BEHALF OF THE BOARD
October 28, 2 5
(Mahfo lah " Chief Executive
(Mahmood Elahi) Director
ELAHI COTTON MILLS LI I rEn
CONDENSED INTERIM STATEMENT OF FINANCIAL POSITION AS AT SEP3"EMBER 30, 2025
ASSETS
NON CURRENT ASSETS
Property, plant and equipment
Note
30.09.2025
Rupees
30.06.2025
Rupees
Operating fixed assets | 173,420,353 | 174,896,304 | |||
Long term security deposits | 918,810 | 918,810 | |||
Loans and advances | 5,311,750 | 4,929,750 | |||
179,650,913 | 180,744,864 | ||||
CURRENT ASSE'FS | |||||
Stores, spares and loose tools | 2 | 3,608,983 | 3,880,33 7 | ||
Stock in trade | 3 | 33,456,410 | 38,739,116 | ||
Trade debts | 57,270,270 | 35,114,638 | |||
Loans and advances | 4 | 178,540 | 2,099,918 | ||
Short term prepayments | 364,605 | 364,605 | |||
Short term investment | 663,890 | 663,890 | |||
Prepaid levy | t2 | 3,648,803 | 4,345,417 | ||
Sales Tax | 421,083 | ||||
Cash and bank balances | 5 | 9,949,003 | 10,159,419 | ||
109,140,504 | 95,788,423 | ||||
To rAL ASSETS | 288,791,417 | 276,533,287 | |||
EQUITY AND LIABII.ITIES |
SHARE CAPITAL AND RESERVES
Share capital | 6 | 13,000,000 | 13,000,000 |
Revalution surplus on propety, plant & equipment | 7 | 137,800,756 | 138,408,462 |
Accumulated loss | (61,688,907) | (58,732,763) | |
89,1i 1,849 | 92,675,699 |
NON CURRENT LIABILITIES
Staff retirement benefits - gratuity | 8 | 105 | 3 63 59 | |
CURRENT LIABILITIES | 41,351,105 | 38,635,595 | ||
Trade and other payables | 10 | 46,67S,002 | 32,370,884 | |
Short term loan from directors | 11 | 108,779,471 | 108,929,471 | |
Finincial liabilities | 9 | 1,406,319 | 2,453,967 | |
Lease liabilities | 1,200,000 | 1,200,000 | ||
Unclaimed dividend | 267,671 | 267,671 | ||
158,328,463 | 145,221,993 | |||
CONTINGENCIES AND COMMITMENTS | ||||
TOTAL EQUITY AND LIABILITIES | 288,791,417 | 276,533,287 |
CHIEF EXECUTIVE
DIRECTOR
CHIEF FINANCIAL OFFICER
ELAHI coT roN BILLS LIMITED CONDENSED INTERIM STATEMENT OF PROFIT OR LOSS
FOR THE IST QUARTER ENDED SEPTEMBER 30, 2025
Note | 30.09.2025 Rupees | 30.09.2024 Rupees | ||
Sales | 13 | 253,125,534 | 266,299,689 | |
Cost of sales | 14 | (248,750,240) | (247,017,636) | |
Gross profit | 4,375,294 | 19,282,053 | ||
Operating expenses | ||||
Administrative expenses | 15 | (4,151,937) | (4,215,881) | |
Selling and distribution expenses | (567,000) | (499,000) | ||
Other operating charges | 16 | (42,316) | (60,617) | |
(4,761,253) | (4,775,498) | |||
Operating (Loss)/profit | (385,959) | 14,506,555 | ||
Other income | 17 | 3,000 | 29,550 | |
Finance cost | 18 | (16,822) | (14,891) | |
(Loss)fProfit before income tax & minimum tax | (399,781) | 14,521,214 | ||
Minimum tax | (3,164,069) | (3,328,746) | ||
(Loss)/Profit before income tax | (3,563,850) | 11,192,468 | ||
Income tax | (1,142,119) | |||
(Loss)/Profit after taxation | (3,563,850) | 10,050,349 | ||
(Loss)/Earning per share -basic and diluted | (2.74) | 7.73 |
CHIEF EXE TIVE DIRECTOR CHIEF FINANCIAL OFFICER ELAHI COTTON MILLS LIMITED
CONDENSED INTERIM STATEMENT OF COMPEHENSIVE INCOME FOR THE 1ST QUARTER ENDED SEPTEMBER 30, 2025
30.09.2025 Rupees | 30.09.2024 Rupees | ||
(Loss)/profit for the quarter ended September 30, 2025 Other comprehensive income | (3,563,850) | 10,050,349 | |
Total comprehensive (loss)/income for the quarter ended September 30, 2025 | (3,563,850) | 10,050,349 |
.EF E UTIVE DIRECTOR CHIEF FINANCIAL OFFICER
ELAHI COTTON MILLS LIMITED
CONDENSED IN"FERIM STATEMENT OF CHANGES IN EQUITY
SEPTEMBER 30, 2025
Share Capital
Reserve
Capital Revenue
Issued, Revaluation subscribed itRd surplus on paid-up capital property, Plant
Rupees | - | |||
Balance as at July 01, 2024 | 13,000,000 | 141,098,316 | (69,609,891) | 84,488,425 |
Total comprehensive income for the quarter ended | ||||
September 30, 2024 | 10,050,349 | 10,050,349 | ||
Surplus on revaluation of fixed assets - | ||||
incremental depreciation - net of deferred tax | (672,463) | 672,463 | ||
Balance as at September 30, 2024 | 13,000,000 | 140,425,853 | (58,887,079) | 94,538,774 |
Balance as at July 01, 2025 | 13,000,000 | 138,408,462 | (58,732,763) | 92,675,699 |
Total comprehensive income/(loss) for the quarter ended September 30, 2025 | (3,563,850) | (3,563,850) | ||
Surplus on revaluation of fixed assets - incremental depreciation | (607,706) | 607,706 | ||
Balance as at September 30, 2025 | 13,000,000 | 137,800,756 | (61,688,907) | 89,111,849 |
and equipment
CHIEF E UTIVE
C EF FINANCIAL OFFICER
DIRECTOR
Accumulated Loss
Total
ELAHI COTTON MILLS LIMITED CONDENSED INTERIM STATEMENT OF CASH FLOWS
SEPTEMBER 30, 2025
For the 1st Qtr ended September 30, | For the I st Qtr ended September 30, | |
2025 | 2024 | |
Rupees | Rupees | |
CASH FLOWS FROM OPERATING ACTIVITIES | ||
(Loss)/ profit before taxation Adjustment for: | (399,781) | 14,521,214 |
Depreciation Financial charges Provision for gratuity
Profit before working capital changes
Changes in working capital:
(16,822) | (14,891) |
(2,046,372) | (7,836,413) |
(475,550) | (1,923,950) |
Decrease/(increase) in current assets
1,526,951 | 1,837,470 |
16,822 | 14,891 |
3,191,060 | 2,956,535 |
4,734,833 4,808,896
4,335,052 19,330,110
Store and spares 271,354 | (89,717) |
Stock in trade 5,282,706 | 8,228,485 |
Trade debts (22,155,632) | (13,894,055) |
Advances 1,921,378 Increase/(decrease) in current liabilities | 377,023 |
Trade and other payables 14,304,118 | 6,785,469 |
(376,076) 1,407,205 | |
Cash (used in) / generated from operations | 3,958,976 20,737,313 |
Financial charges paid | |
Taxes paid | |
Gratuity paid | |
(2,538,744) (9,775,254) | |
Net cash (used in)/ generated from operating activities | 1,420,232 10,962,061 |
CASH FLOWS FROM INVESTING ACTIVITIES | |
Loan and Advances to Employees | (382,000) (494,498) |
Short term investment | (29,550) |
Purchase of fixed assets | (51,000) (1,150,000) |
Net cash (used in)/generated from investing activities | (433,000) (1,674,048) |
CASH FLOWS FROM FINANCING ACTIVITIES |
Loan received from/(paid to) Directors Financial liabilities paid
Net cash generated from/(used in) financing activities
Net decrease in cash and cash equivalents
Cash and cash equivalents at the beginning of the period
UTIVE
Cash and cash equivalents at the end of the period
DIRECTOR
(150,000) 7,949,999
(1,047,648) (1,953,397)
(1,197,648) 5,996,602
(210,416) 15,284,615
10,159,419 13,835,204
9,949,003 29,119,819
CHIEF FINANCIAL OFFICER
ELAHI COTTON MILLS LIMITED CONDENSED INTERIM NOTES TO THE ACCOUNTS
FOR THE IST QUARTER ENDED SEPTEMBER 30, 2025
The Company was incorporated as a public limited company on June 22, 1970 and is listed on Pakistan Stock Exchange ( Formerly Karachi Stock Exchange in which Lahore and lslamabad stock exchanges have merged).The registered office of the Company is situated at 270, sector I-9, Industrial Area, Islamabad. The principal business of the Company is manufacture and sale of yarn.
This condensed interim financial information of the Company has been prepared in accordance with the requirements of international accounting standard 34-"Interm Financial Reporting" and provisions of and directives issued under the Companies Act, 2017. In case where requirements differ, the provisions of or directives issued under the Companies Act, 20 17 have been followed.
The disclosures in the condensed interim financial information do not include all the information and disclosures as required for full annual financial statements. It should be read in conjunction with the annual financial statements of the Company for the year ended June 30, 2025.
This condensed interim financial information has been prepared under the historical cost convention, except for certain fixed assets which have been stated at revalued amount and the recognition of certain staff retirement benefits at present value. This condensed interim financial information has been prepared following accrual basis of accounting except for cash flow.
The significant accounting policies adopted for the preparation of this condensed interim financial information are the same as those applied in preparing the annual accounts for the year ended June 30, 2025.
Figures have been rounded off to the nearest rupee.
Figures have been rearranged wherever necessary for the purpose of comparison.
This condensed interim financial information was authorized for issue on 28.10.2025 by the Board ofDirectors of the Company.
CHIEF CUTIVE DIRECTOR CHIEF FINANCIAL OFFICER