HIRA TEXTILE MILLS LIMITED
Condensed Interim Sfatement of Financial Position as at March 31, 2025
Un-Audited | Audited | ||
March 31, | June 30, | ||
2025 | 2024 | ||
Rupees | Rupees | ||
EQUITY AND LIABILITIES | |||
CAPITAL AND RESERVES Authorized capital | |||
87,000,000 ordinary shares of Rs. TO each | 870,000,000 | 870,000,000 | |
Issued , subscribed and paid-up capitol | |||
85,577,920 ordinary shares of Rs. 10 each | 865,7/9,200 | 865,779,200 | |
Reserves | 82,500,000 | 82,500,000 | |
SurDlus on revaluation of property, plant and equipment | 1.093,617,083 | l,109,740,J99 | |
Loan from Direcfors and Sponsors | d8l,J00,000 | 481,500,000 | |
Unoppropriated profit | (3,275,231,245) | (3,1 I 6,936,020) | |
Shores Holders' Equify | (751,834,962) | (57'7,416,62l ) | |
NON CURRENT LIABILITIES | |||
Long term loans | 1,589,753,3' 4 | 1,589,753,394 | |
Liabilities against assefs subject to finance Lease | l,638,198 | I ,638, J'?8 | |
Employees retirement benefits | |||
Deferred Interest | |||
Deferred Liabilities | 342,273,800 | 342.273.800 | |
1,933,665.392 | 1,933,665,392 | ||
CURRENT LIABILITIES | |||
Trade and other payables | 447,627,37'7 | 447,01 T,099 | |
Uncioimed dividend | 2.757,216 | 2,757,216 | |
Mark-up accrued | 826,433,88T | 739,931,590 | |
Short term borrowings | 334,970,742 | 334,970,742 | |
Current maturity of long term liabilities | 67,057,987 | 67,057,987 | |
1,678,847,205 | T,591,728.634 | ||
CONTINGENCIES AND COMMITMENTS -note S | |||
TOTAL EQUITY AND LIABILITIES | 2,860,677,635 | 2,947,977,405 | |
ASSETS NON CtIRREN7 ASSETS | |||
Properly, plant and equipment-note 3 | 2,697,320,463 | 2,782,543,221 | |
Rtght of Used Assels Long term investment-nole 4 Long term deposits | 46,77 J,985 50,509,093 | 48,818,081 50,509,093 | |
2,794,601,541 | 2,881,870,395 | ||
CURRENT ASSETS | |||
3tores, spares and loose tools | |||
Stock in trooe | |||
Trade debfs | 245,700 | ||
Deposits and Short term Prepaymen1s | 42,521,080 | 42,530,380 | |
Advance Income Tax - net of Provision for tax | 23,070,38J | 23,268,778 | |
Cash and bank balances | 484,629 | 62, 152 | |
66,076,094 | 66,107,010 | ||
TO?AL ASSETS | Z860,677,635 | 2,947,977,405 | |
The annexed notes form an integral pon of these financial statements
Lahore
August 4, 2025 Chief Executive Chief Financial Officer
Director
TEXTILE MILLS LIMITED
ndensed Interim Profif and Loss Account (un-audited)
Olt 7HE QUARTER ENDED MARCH 3T, 2025
9 Month 3 Months
July-March 2025 July-March 2024 Jon-March 2025 Jan-March 2024
- ----- Rupees ------------------------------------
Sales - net | 13,226,222 | 59,I66.367 | 2,522,112 | 6,800,500 |
Cost of goods sold | (90,7P,394) | 170.545.538 | {30,550,491) | 43,355,325 |
Gross Profit | (77,565,172) | (1 I J,379,I7I) | (28,028,379) | (36,554.825) |
Distribution cost | ||||
Adminislrotive expenses | (10,149,651) | 16.860,035 | (4,285,430) | 5,420,429 |
(10,149,651) | 16,860,035 | (4,245,430) | 5,420,429 | |
Other operating income | ||||
Operating Profif / {Lossj | (87,74.823) | (28,239,206) | (52,313,809} | (41,975,254} |
Finance cost | (86,505,125) | (86.504,625) | (28.834,097) | 28,834.098 |
(74,219,S48) | (21d,743,83I) | (61,147,906) | (70,809,352) | |
Snare of Profit of Jointly Controlled Company Profit / (Loss) before tax | (174,219,948) | (214,743,831 ) | (61,147,906) | (70,809,352) |
Provision for taxation | (198,393) | 835,50Z | 37,832 | I 02.007 |
Profit / tLoss) offer box | (174,4t8.34) | (215.579,338) | (61, 85,738) | (70,911,359) |
Earnings / {Loss) per share - basic and diluted
(2.01)
(2.4P) (0.71)
(0.82)
The annexed notes form an integral part of these financial statements
Lahore
AugUst 4, 2025 Chief Executive Chief Financial Officer
Director
HIRA TEXTILE M)LLS LIMITEDCondensed Interim Stofement of Changes in Equity (vn-aod/fed}
rOR THE QUARTER ENDED MA9CH 31, 2025
Shore capital | Shore | Surplus on revaluation ol properly, plont ond eoulDmBnf | Loan mom Dlrecfors ond Sponsors | Total |
---------- ------ Rupees ------
Balance as at June 3D. 2023 | 86J,779,200 | 82,500,000 | ,133,626,295 | 48 I ,500,DXI | (2.&59.S62,232{ | (296. R.y37} |
Loss for the period | {144.667,979} | (l 44,667,979) | ||||
Transfer of incremental depreciotion kom surplus on revaluation of fixed assets | (12,571.630) | 12.571.630 |
6aonce as o December 31. 2D23
profit for the period
Other Comprehensive Income
Transfer of incremental depreciofion from surplus on rovaluafion of fixed assets
Surplus on revaluation of Fixeo Assets realized on disposal
Tronferred from long term loan kom dirctors and sponsors
Tfonferred from short term borrowings
Balance as at June 30,2024Profit/(tossJ for the period
866,779.200 82,500,000 I . I 21,054,66-5 48I,500,000 (2,99 1,6$8.GB] ) (440,824.7 6j
( I I ,3] 4,466) 1 l,Z4é6B
865,779,200 82,500.000 I , l 09,74g, T99 48I,S00.000 (3, 6.936,020) (577,4 T6,62
{ 74.4 i8.34 T) {I 74.4 T8,34 )
Transfer of incremental depreciation from surplus an reva|vation of fixed assets
(J6.123, J6)
1B,123M8
Balance as of March 3. 202a
865,779,200 82,500.000 I ,093.617,083 481.500,000 (3.275,231,245) {75I .834,962j
The annexed notes form an integral part of these financial statements
Lahore
AUgust 4. 2025
‹A TEXTILE MILLS LIMITED
condensed Interim Cosh Flow Statement {fJn-oocfifec/}
FOR 7HE QUARTER ENDED MARCH 31, 1025
March 31,2025
Nine Montns Ended March 31,2024
- ------ Rupees - ---------- -----
CASH FLOWS FROM OPERATING ACTIVITIES Nef profit / {Loss) before taxation | { 74,418.34) | (214,743.831) | |
Add Depreciafion of property, plant and equipment Gain on disposal of property, plant and equipment / Other Income | 87,2d8.854 | 94,501.998 | |
Shore of Profit of Jointly Controlled Company | |||
Employee benefits- provision for the period Finance cost | 86,502,29 | 86,502,291 | |
{Increase)/ decrease in store, spare and loose tools | |||
(Increase)/ decrease in stock in trade | (37 | ||
(Increase)/ decrease in trade debts | 245.700 | ||
(Increase)/ decrease in aeposils and short term prepaymenfs | 20,387,055 | ||
Increase/ (decrease) in trade & other payables | 814,673 | 47 | |
Cosh generated from operations | |||
Finance cost paio | |||
Gratuity paid | |||
Income taxes paid | |||
Net casn used operating activities | |||
CASH FtOWS FROM INVESTING ACtVtTtE5 | |||
Purchase of properly, plant and equipment | |||
Proceeds from safe of plant and equipment | |||
Long term deposits | |||
NET CASH USED TN INVESTING ACTIVITIES | |||
CASH FLOWS FROM FINANCING ACTIVITIES | |||
Proceeds from Long term Financing | |||
Payment of long term financing | |||
Payment of liabilities against assets subject to finance lease | |||
Short team borrowings - secured | |||
Dividends Paid | |||
NET CASH FLOW FROM FINANCING ACTIVITIES | |||
NET DECREASE IN CASH AND CASH EQUIVALENTSDURING THE PERIOD | 422,477 | (5.264,639) | |
CASH AND CASH EQUIVALENTS AT THE BEGINNING OF THE PERIOD | 62, S2 | 5,902,995 | |
CASH ANO CASH EQUIVALENTS AT THE END OF THE PERIOD | 484,629 | 638,354 | |
The annexed notes Colm an integral part of these financial statements |
Chief Executive
Chief Finanical Officer
{900.000) | |
(500,000) |
Lohore
August 4, 2025
Director