Indus Dyeing & Manufacturing Co. Ltd.PSX: IDYM

Transmission of Quarterly Report for the Period Ended 31/3/2025

· Issued by Indus Dyeing & Manufacturing Co. Ltd.




INDUS DYEING & MANUFACTURING COMPANY LIMITED

THIRD QUARTERLY ?fi



REPORT MARCH 2025 ^'

Condensed Interim Financial Information March 31, 2025 Un-Audited

CONTENTS Company Information 02 Directors' Report 04 Directors' Report (Urdu) 06 Unconsolidated Condensed Interim Balance Sheet 09 Unconsolidated Condensed Interim Profit & Loss Account 10 Unconsolidated Condensed Interim Statement of other Comprehension Incom 11 Unconsolidated Condensed Interim Statement of Changes in Equity 12 Unconsolidated Condensed Interim Cash Flow Statement 13 Unconsolidated Condensed Interim Notes to the Financial Statement 14 Consolidated Condensed Interim Balance Sheet 26 Consolidated Condensed Interim Profit & Loss Account 27 Consolidated Condensed Interim Statement of other Comprehension Income 28 Consolidated Condensed Interim Statement of Changes in Equity 29 Consolidated Condensed Interim Cash Flow Statement 30 Consolidated Condensed Interim Notes to the Financial Statement 32 Board of Directors

  1. Mr. Naveed Ahmed Chairman

  2. Mian Shahzad Ahmed Chief Executive Officer

  3. Mian Imran Ahmed

  4. Mr. Kashif Riaz

  5. Mr. Irfan Ahmed

  6. Mr. Sheikh Shafqat Masood

  7. Mrs. Fadia Kashif

  8. Mr. Faisal Hanif

  9. Mr. Aamir Amin (NIT)

  10. Ms. Azra Yaqub Vawda

    Audit Committee

    1. Mr. Faisal Hanif (Chairman)

    2. Mr. Irfan Ahmed (Member)

    3. Mr. Sheikh Shafqat Masood (Member)

    Human Resources and Remuneration Committee

    1. Mr. Faisal Hanif Chairman)

    2. Mrs. Fadia Kashif (Member)

    3. Mr. Sheikh Shafqat Masood (Member)

    Company Secretary

    Mr. Ahmed Faheem Niazi

    Chief Financial Officer

    Mr. Yasir Anwar

    Chief Internal Auditor

    Mr. Yaseen Hamida

    Legal Advisor

    Mr. M. Yousuf Naseem (Advocates & Solicitors)

    Registered Office

    Office # 508,

    5th floor, Beaumont Plaza, UAN: 111-404-404

    Civil Lines Quarters, Karachi Tel: 009-221-35693641-60

    Symbol of The Company IDYM Website

    https://http://www.Indus-group.com

    Auditors

    M/s Yousuf Adil

    Chartered Accountants.

    Registrar & Share Transfer Office

    JWAFFS REGISTRAR SERVICES (PVT) LTD

    Office # 20, 5th Floor, Arkay Square Extension,

    Tel.(+92-21) 32440974-75

    New Chali, Shahrah-e-Liaquat, Karachi

    Factory Location

    1 P 1 & P 5 S.I.T.E., Tel.

    0223 - 886281 & 84

    Hyderabad, Sindh.

    2 Plot No. 3 & 7, Sector-25 Tel:

    021 - 35061577-9

    Korangi Industrial Area, Karachi.

    3 Muzaffergarh, Bagga Sher, Tel.

    0662 - 490202 - 205

    District Multan.

    4 Indus Lyallpur Limited. Tel:

    041-4689235-6

    38th Kilometer, Shaikhupura Road,

    District Faisalabad.

    5 Indus Home Limited. UAN

    111-404-405

    2.5 Kilometer, Tel.

    042-35385021-7

    Off Manga Raiwind Road,

    Manga Mandi, Lahore.

    6 Indus Wind Energy Limited. UAN

    111-404-404

    Deh Kohistan 7/3 & 7/4, Tel

    021-3569654 ( Ext - 177 )

    Tapo Jangshahi,

    Taluka & District Thatta.

    Director's Review to the Shareholders

    The Directors of Indus Dyeing & Manufacturing Co. Ltd are pleased to present the group's unaudited consolidated financial statements for the nine-month period ending on March 31, 2025. The comparative figures for the corresponding period ending on March 31, 2024 have been used for comparison, except in statement of financial position where figures used are for the year ending on June 30, 2024.

    FINANCIAL RESULTS

    Consolidated turnover for the nine-month period ending on March 31, 2025 was Rs.81,536 million as compared to a turnover of Rs.80,324 million for the same period last year. As always, the management continued to strive for cost reductions in all areas of operation.

    During the period, our Enterprise Resource Planning (ERP) system had encountered an unforeseen technical disruption and experienced a significant breakdown on April 15, 2025, resulting in multiple critical bugs that have impaired our ability to generate accurate financial reports. Our IT department has working tirelessly to resolve these issues; however, they took additional time to restore full functionality, validate data integrity, and complete the necessary reconciliations, which has resultant in delay of reporting the results.

    Following are the operating financial results:


































    REVIEW OF OPERATIONS

    During the nine-month period under review, sales saw an increase of Rs. 1,212 million compared to the same period last year. Administrative expenses rose by Rs. 31 million, while distribution costs declined by Rs. 40 million. Financial costs also decreased significantly, falling by Rs. 933 million. Despite a challenging environment, net profit after tax for the nine-month period ending 31st March 2025 remained at Rs. 364 million.

    DIVIDEND

    There is no interim dividend announced during the period under review.

    EARNINGS PER SHAREt

    On a consolidated basis, the earnings per share for the nine months ending March 31, 2025 are Rs. 6.71 per share as compared to Rs. 22.24 per share over the previous corresponding period.

    CHANGE IN NATURE OF BUSINESS

    There is no change occurred in the nature of Company's business during the period.

    FUTURE PROSPECTS

    The global economy is set for modest growth amid ongoing challenges, with inflation easing at different rates but still influenced by geopolitical tensions, energy prices, and supply chain disruptions. Environmental concerns, green energy transition, and shifting U.S. trade policies will shape global trade dynamics, requiring economic adjustments.

    Pakistan's textile industry faces uncertainty as the U.S. considers tariffs of up to 29% on certain imports, though a 90-day negotiation window offers hope. Successful talks could secure Pakistan's market position, while failure may lead to export declines, job losses, and economic strain.

    Despite lower policy rates, large-scale manufacturing remains sluggish. The State Bank of Pakistan (SBP) may cut interest rates further to drive demand-led growth. Meanwhile, the spinning industry struggles with policy inconsistencies, cheaper regional imports, and rising gas prices.

    In response, the Company is focusing on efficiency, capacity utilization, renewable energy integration, and strategic cost adjustments to maintain competitiveness and profitability.

    COMPOSITION OF BOARD

    The composition of the Board is in compliance with the requirements of the Code of Corporate Governance regulations, 2019 applicable on listed entities which is given below:



    The names of the Directors as at March 31, 2024 are as follows:


    ENVIRONMENT, HEALTH AND SAFETY.

    Your Company is committed towards protecting a sound climate for everyone by complying with all

    environmental policies at the production facilities.

    WEB PRESENCE

    Annual and periodic financial statements of the company are also available on the website of the company https://http://www.indus-group.com for information of the shareholders and others.

    ACKNOWLEDGEMENT

    The Directors acknowledge the contribution of each and every employee of the Group. We would like to express our thanks to our customers for the trust they have shown in our products and our bankers for their continued support to the Company. We are grateful to our shareholders for their confidence in our management.

    On Behalf of the Board



    SHAHZAD AHMED NAVEED AHMED Chief Executive Officer Director Karachi: May 27, 2025












    2025

    2024

    81,536



    80,324

    5,836



    7,215

    537



    597

    1,t42



    1,675

    1778)



    (469)

    364



    1,206



    Indus Dyeing & Manufacturing Company Limited































Indus Dyeing & Manufacturing Company Limited































































UNCONSOLIDATED CONDENSED INTERIM STATEMENT OF FINANCIAL POSITION AS AT MARCH 31, 2025

Note

(Un-Audited) (Audited)

March 31, June 30,

2025 2024

------- (Rupees in '000) -------

ASSETS

Non-current assets

Property, plant and equipment

5

12,438,852

12,952,745

Intangibles

1,892

2,441

Long-term investments

6

6,399,992

6,399,992

Long-term deposits

6,890

6,890

Deferred taxation

553,104

276,951

19,400,730

19,639,019

Current assets

Stores, spares and loose tools

1,064,042

851,486

Stock-in-trade

12,902,255

11,164,028

Trade debts

13,666,738

10,528,715

Loans and advances

419,852

164,264

Trade deposits and short term prepayments

99,443

34,295

Other receivables

1,431,052

279,040

Other financial assets

7

472,040

31,096

Tax refundable

8

950,028

983,604

Cash and bank balances

202,809

184,874

31,208,259

24,221,402

TOTAL ASSETS

50,608,989

43,860,421

EQUITY AND LIABILITIES

Share capital and reserves

Authorised share capital

100,000,000 ordinary shares of Rs.10 each

1,000,000

1,000,000

Issued, subscribed and paid-up capital 54,221,196 ordinary shares of Rs.10 each

542,211

542,211

Reserves

23,000,000

23,000,000

Unappropriated profits

836,390

306,965

24,378,601

23,849,176

Non-current liabilities

Long-term financing

4,687,728

5,524,710

Deferred liabilities

608,879

551,644

5,296,607

6,076,354

Current liabilities

Trade and other payables

3,964,569

3,593,148

Unclaimed dividend

2,370

2,383

Interest / mark-up payable

376,563

351,854

Short-term borrowings

9

14,557,418

8,054,575

Current portion of long-term financing

1,002,856

886,761

Current portion of deferred liabilities

1,030,005

1,021,545

Current portion of lease liabilities

-

24,625

20,933,781

13,934,891

TOTAL EQUITY AND LIABILITIES

50,608,989

43,860,421

CONTINGENCIES AND COMMITMENTS

10

The annexed explanatory notes from 1 to 20 form an integral part of these condensed interim financial statements.



UNCONSOLIDATED CONDENSED INTERIM STATEMENT OF PROFIT OR LOSS (UN-AUDITED) FOR THE NINE MONTHS AND THREE MONTHS PERIOD ENDED MARCH 31, 2025 Note Nine months period ended Three months period ended March 31, March 31, March 31, March 31, 2025 2024 2025 2024 --------------------------------- (Rupees in '000) ----------------------------

Revenue from contracts with customers

11

51,054,005

51,518,096

17,711,816

14,910,068

Cost of goods sold

12

(48,529,033)

(47,916,170)

(16,704,896)

(13,813,604)

Gross profit

2,524,972

3,601,926

1,006,920

1,096,464

Other income

388,478

137,644

34,144

(89,789)

2,913,450

3,739,570

1,041,064

1,006,675

Distribution cost

(453,709)

(545,799)

(155,002)

(177,472)

Administrative expenses

(413,373)

(384,775)

(166,335)

(122,981)

Other operating expenses

(78,405)

(59,937)

(31,806)

31,053

Finance cost

(1,195,408)

(1,992,655)

(436,048)

(708,689)

Profit before levies and taxation

772,555

756,404

251,873

28,586

Levies

13

(510,567)

(524,726)

(152,867)

(149,609)

Profit before taxation

261,988

231,678

99,006

(121,023)

Taxation

14

267,437

310,361

324,507

179,711

Profit for the period

529,425

542,039

423,513

58,688

--------------------------------- (Rupees) ------------------------------------- Earnings per share - basic and diluted 15 9.76 10.00 7.81 1.08

The annexed explanatory notes from 1 to 20 form an integral part of these condensed interim financial statements.



UNCONSOLIDATED CONDENSED INTERIM STATEMENT OF COMPREHENSIVE INCOME (UN-AUDITED) FOR THE NINE MONTHS AND THREE MONTHS PERIOD ENDED MARCH 31, 2025 Nine months period ended Three months period ended

March 31,

March 31,

March 31,

March 31,

2025

2024

2025

2024

-------------------------------- (Rupees in '000) ---------------------------------- Profit for the period 529,425 542,039 423,513 58,688

Other comprehensive income - - - -

Total comprehensive income for the period 529,425 542,039 423,513 58,688 The annexed explanatory notes from 1 to 20 form an integral part of these condensed interim financial statements.


UNCONSOLIDATED CONDENSED INTERIM STATEMENT OF CHANGES IN EQUITY (UN-AUDITED) FOR THE NINE MONTHS PERIOD ENDED MARCH 31, 2025

Issued,

Share

Capital Merger

Reserves

Investments

Revenue General

Un-

subscribed Premium Reserve

and paid-

and bonus

shares

Reserve

appropriated

Profits

Total

---------------------------------------------- (Rupees in '000) -----------------------------------------------

Balance as at June 30, 2023

542,211

10,920

11,512

-

14,977,568

8,289,993

23,832,204

Transferred to general reserve

6,000,000

-

(6,000,000)

-

Total comprehensive income for the

Profit for the period

-

-

-

-

-

542,039

542,039

Other comprehensive income

-

-

-

-

-

-

-

-

-

-

-

542,039

542,039

542,211

10,920

11,512

6,000,000

14,977,568

2,832,032

24,374,243

542,211

10,920

11,512

6,000,000

16,977,568

306,965

23,849,176

Balance as at March 31, 2024

Balance as at June 30, 2024

Total comprehensive income

for the

period ended March 31,

2P0r2o5fit for the period

-

-

-

-

- 529,425

529,425

Other comprehensive income

-

-

-

-

- -

-

-

-

-

-

- 529,425

529,425

Balance as at March 31,

2025

542,211 10,920 11,512 6,000,000 16,977,568 836,390 24,378,601

The annexed explanatory notes from 1 to 20 form an integral part of these condensed interim financial statements.



UNCONSOLIDATED CONDENSED INTERIM STATEMENT OF CASH FLOWS (UN-AUDITED) FOR THE NINE MONTHS PERIOD ENDED MARCH 31, 2025 A. CASH FLOW FROM OPERATING ACTIVITIES Note Nine months period ended March 31, March 31, 2025 2024 -------- (Rupees in '000) ----------

Cash generated from operations

16

(2,471,157)

2,156,940

Levies and taxes paid

(639,243)

(479,396)

Finance cost paid

(1,073,004)

(2,175,895)

Gratuity paid

(47,565)

(83,827)

Net cash (used in) / generated from operating activities

(4,230,969)

376,614

B. CASH FLOWS FROM INVESTING ACTIVITIES

Purchase of property, plant and equipment - net of capital work in progress

(339,039)

(969,661)

Proceeds from disposal of property, plant and equipment

3,675

6,826

Purchase of investments

(464,979)

-

Proceeds from disposal of investments

-

21,906

Profit on banks' deposit

1,369

-

Dividend received

229,239

2,958

Net cash used in investing activities

(569,735)

(937,971)

C. CASH FLOWS FROM FINANCING ACTIVITIES

Long-term financing obtained

-

53,955

Long-term financing repaid

(720,887)

(487,611)

Payment against lease liabilities

(24,624)

(17,953)

Dividend paid

(13)

(16,063)

Net cash used in financing activities

(745,524)

(467,672)

Net (decrease) / increase in cash and cash equivalents (A+B+C)

(5,546,228)

(1,029,029)

Cash and cash equivalents at beginning of the period

(19,654)

(2,404,741)

Effect of exchange rate changes on cash and cash equivalents

(279)

(16,061)

Cash and cash equivalents at end of the period

(5,566,161)

(3,449,831)

CASH AND CASH EQUIVALENTS

Cash and bank balances

202,809

294,180

Short-term running finance

9

(5,768,970)

(3,744,011)

(5,566,161)

(3,449,831)

The annexed explanatory notes from 1 to 20 form an integral part of these condensed interim financial statements.



NOTES TO THE UNCONSOLIDATED CONDENSED INTERIM FINANCIAL STATEMENTS (UN-AUDITED) FOR THE NINE MONTHS PERIOD ENDED MARCH 31, 2025
  1. LEGAL STATUS AND NATURE OF BUSINESS

    Indus Dyeing & Manufacturing Company Limited (the Company) was incorporated in Pakistan on July 23, 1957 as a public limited company under the Companies Act,1913 (subsequently replaced by repealed Companies Ordinance, 1984 and now Companies Act, 2017). Registered office of the Company is situated at Office No. 508, 5th floor, Beaumont Plaza, Civil Lines, Karachi. The Company is currently listed on the Pakistan Stock Exchange Limited. The principal activity of the Company is manufacturing and sale of yarn. The manufacturing facilities of the Company are located in Karachi, Hyderabad and Muzaffargarh. The addresses of these facilities are as follows:

    Manufacturing Unit Address

    Hyderabad P-1, P-5 S.I.T.E, Hyderabad

    Karachi Plot Number 03 & 07, Sector 25, Korangi Industrial Area, Karachi. Muzaffargarh Muzaffargarh, Bagga Sher, District Multan

    The Company has following investees:

    • Indus Lyallpur Limited - Wholly owned Subsidiary

    • Indus Home Limited - Wholly owned subsidiary

    • Indus Home USA Inc. - Wholly owned subsidiary of Indus Home Limited

    • Indus Wind Energy Limited - Wholly owned subsidiary

    • Sunrays Textile Mills Limited - Associated undertaking

  2. BASIS OF PREPARATION
    1. Statement of compliance

      1. These unconsolidated condensed interim financial statements have been prepared in accordance with the accounting and reporting standards as applicable in Pakistan for interim financial reporting. The accounting and reporting standards as applicable in Pakistan for interim financial reporting comprise of:

        • International Accounting Standard (IAS) 34, Interim Financial Reporting, issued by the International Accounting Standards Board (IASB) as notified under the Companies Act, 2017; and

        • Provisions of and directives issued under the Companies Act, 2017.

          Where the provisions of and directives issued under the Companies Act, 2017 differ with the requirements of IAS 34, the provisions of and directives issued under the Companies Act, 2017 have been followed.

      2. These unconsolidated condensed interim financial statements are unaudited. However, a limited scope review of these unconsolidated condensed interim financial statements have been performed by the external auditors of the Company and they have issued their review report thereon. These unconsolidated condensed interim financial statements are submitted to the shareholders as required by section 237 of the Companies Act, 2017.

      3. These are separate unconsolidated condensed interim financial statements of the Company in which investments in subsidiaries are carried at cost less impairment, if any.

      4. These unconsolidated condensed interim financial statements have been prepared under the historical cost convention except for:

        • recognition of certain employee retirement benefits at present value;

        • recognition of certain financial instruments at fair value; and

        • recognition of lease liabilities at present value.

      5. These unconsolidated condensed interim financial statements do not include all of the information required for annual financial statements and therefore should be read in conjunction with the unconsolidated annual audited financial statements of the Company for the year ended June 30, 2024.

      6. The comparative statement of financial position presented has been extracted from unconsolidated annual financial statements for the year ended June 30, 2024, whereas comparative unconsolidated condensed interim statement of profit or loss, unconsolidated condensed interim statement of comprehensive income, unconsolidated condensed interim statement of cash flows and unconsolidated condensed interim statement of changes in equity presented in these unconsolidated condensed interim financial statements have been extracted from the unaudited unconsolidated condensed interim financial statements for the six months period ended March 31, 2024.

    2. Functional and presentation currency

      These unconsolidated condensed interim financial statements are presented in Pakistan rupee which is also the Company's functional currency. All financial information presented in Pakistan rupees has been rounded off to the nearest thousand unless otherwise stated.

  3. MATERIAL ACCOUNTING POLICY INFORMATION

    The accounting policies adopted for the preparation of these unconsolidated condensed interim financial statements are the same as those applied in the preparation of the annual unconsolidated financial statements of the Company for the year ended June 30, 2024.

    1. Amendments to accounting standards that are effective

      There are certain amendments to accounting and reporting standards which are mandatory for the Company's annual accounting period which began on July 1, 2024, however, these do not have any significant impact on the Company's financial reporting and, therefore, have not been detailed in these unconsolidated condensed interim financial statements.

    2. New standard / amendments to accounting standards that are not yet effective

New standard and certain amendments to the accounting and reporting standards which are not yet effective, however, these amendments will not have any significant impact on the financial reporting of the Company and, therefore, have not been disclosed in these unconsolidated condensed interim financial statements.

4 ACCOUNTING ESTIMATES, JUDGEMENTS AND RISK MANAGEMENT POLICIES

The preparation of the unconsolidated condensed interim financial statements in conformity with accounting and reporting standards for interim financial reporting as applicable in Pakistan requires management to make estimates, assumptions and use judgments that affect the application of policies and reported amounts of assets, liabilities, income and expenses. Estimates, assumptions and judgments are continually evaluated and are based on historical experience and other factors, including reasonable expectations of future events. Revisions to accounting estimates are recognised prospectively commencing from the period of revision.

The Company's financial risk management objectives and policies are consistent with that disclosed in unconsolidated annual financial statements of the Company for the year ended June 30, 2024.

5. PROPERTY, PLANT AND EQUIPMENT Note (Un-Audited) (Audited) March 31, June 30, 2025 2024 ---------- (Rupees in '000) ----------

Operating fixed assets

5.1

12,375,883

12,661,459

Capital work in progress

5.2

58,982

275,340

Right of use assets

5.3

3,987

15,946

12,438,852 12,952,745

5.1

Operating fixed assets

Opening written down value

12,661,459

10,614,933

Additions / transfers during the period / year

Factory buildings on leasehold land

Plant and machinery

Electric installations

Solar panels

Power generators

Office equipment

Furniture and fixtures

Vehicles

563,039

3,212,986

Disposals during the period / year

Cost

Vehicles

Accumulated depreciation

Vehicles

- Written down value of operating fixed assets disposed off

(3,181)

(3,410)

- Depreciation charged during the period / year

(845,434)

(1,163,050)

Written down value at end of the period / year

12,375,883

12,661,459

(Un-Audited) March 31,

2025

(Audited)

June 30,

2024

Note ---------- (Rupees in '000) ----------

5.2

Capital work in progress

Opening balance

275,340

2,133,127

Additions during the period / year

Civil works

21,170

76,610

Plant and machinery

34,518

55,646

Solar panels

39,061

181,373

Power generators

-

78,131

94,749

391,760

43,893

359,927

257,904

2,195,866

3,507

206,946

179,468

332,330

54,342

63,432

1,565

9,451

674

460

21,686

44,574

(22,339)

(16,880)

19,158

13,470

Transfers during the period / year

(40,974)

(358,941)

(59,714)

(1,615,220)

(171,102)

(231,648)

(39,317)

(43,738)

Civil works

Plant and machinery

Solar panels

Power generators

(311,107) (2,249,547)

Closing balance 58,982 275,340

Note (Un-Audited) (Audited) March 31, June 30, 2025 2024 ---------- (Rupees in '000) ----------

5.3 Right of use assets

Office Premises

Opening net book value

15,946

29,325

Impact due to modification

-

2,568

Depreciation for the period / year

(11,959)

(15,947)

Closing net book value

3,987

15,946

Lease term in years

5

5

6. LONG TERM INVESTMENTS

Investment in an associate at cost

13,476

13,476

Investment in subsidiaries at cost

6.1

6,386,516

6,386,516

6,399,992

6,399,992

6.1 Investment in subsidiaries - at cost

Indus Home Limited (IHL)

2,491,204

2,491,204

Indus Lyallpur Limited (ILP)

1,635,000

1,635,000

Indus Wind Energy Limited (IWE)

2,260,312

2,260,312

6,386,516

6,386,516

7. OTHER FINANCIAL ASSETS

At amortised cost

Pakistan investment bond

Acquired

8,000,000

-

Interest on investment

254,171

-

Repayment

(8,254,171)

-

-

-

At fair value through profit or loss

Ordinary shares of listed companies

7.1

415,044

31,096

Treasury bills

56,996

-

472,040

31,096

7.1 Ordinary shares of listed companies

Opening

31,096

38,933

Purchase during the period

407,984

-

Disposal during the period

-

(27,085)

Realised gain during the period

-

5,236

Unrealised ( loss ) / gain during the period

(24,036)

14,012

Closing

415,044

31,096

(Un-Audited) (Audited) March 31, June 30, 2025 2024

---------- (Rupees in '000) ----------

8. TAX REFUNDABLE

Sales tax refundable

930,887

965,458

Income tax refundable

19,141

18,146

950,028

983,604

9. SHORT-TERM BORROWINGS

From banking companies - secured

Running finance

5,768,970

204,528

Foreign currency financing against export / import

7,448,448

4,645,047

Money market

1,340,000

3,205,000

14,557,418

8,054,575

10. CONTINGENCIES AND COMMITMENTS

10.1 Contingencies

Contingencies are not materially changed as disclosed in the note 27.1 to the unconsolidated annual financial statements for the year ended June 30, 2024, except below:

Guarantees isuued in favour of gas & electric companies 171,814 179,314

10.1.1 Bank guarantees against payment of infrastructure cess amounting to Rs. 1,673 million (June 2024: Rs. 1,295 million). (Un-Audited) (Audited) March 31, June 30, 2025 2024 ---------- (Rupees in '000) ----------

10

Commitments

Letters of credit for raw material and stores and spares

9,130,865

3,493,383

Letters of credit for property, plant and equipment

163,750

141,745

Stand by letter of credit (Subsidiary)

1,069,129

1,614,998

Sales contracts to be executed

4,010,256

3,845,786

  1. REVENUE FROM CONTRACTS WITH CUSTOMERS ------------------------------ (Un-Audited) -------------------------------- Nine months period ended Three months period ended

    March 31,

    March 31,

    March 31,

    March 31,

    2025

    2024

    2025

    2024

    Note -------------------------- (Rupees in '000) --------------------------------

    Export sales

    -Yarn 11.1 13,872,070 33,542,343 5,568,410 8,938,665

    -Waste sale 24,984 168,991 - 40,201

    13,897,054 33,711,334 5,568,410 8,978,866

    Local sales

    33,519,226

    14,757,865

    11,204,143

    4,666,452

    862,380

    667,065

    53,691

    431,682

    2,603,352

    2,417,028

    801,904

    771,679

    -Yarn

    -Cotton / Fiber 11.2

    -Waste sale

    36,984,958 17,841,958 12,059,738 5,869,813

    Yarn conversion 538,145 246,087 211,399 92,399

    (355,275)

    (333,828)

    (120,461)

    (105,257)

    (2,060)

    (3,125)

    (2,060)

    (501)

    (8,817)

    55,670

    (5,210)

    74,748

    Brokerage and commission

    Sales discount

    Sales exchange rate difference

    (366,152) (281,283) (127,731) (31,010) 51,054,005 51,518,096 17,711,816 14,910,068

    1. This includes indirect exports of Rs. Nil for nine months ended March 31, (2024: Rs. 11,866 million) and Rs. Nil for three months ended March 31, 2025 (2024: Rs. 5,148 million).

    2. It represents trading of cotton and fiber.

    3. Disaggregation of export sales into geographical areas :

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