MAQBOOL TEXTILE MILLS LIMITED. |
Financial Statements |
(Un Audited) |
For the First Quarter Ended |
Septmber 30, 2025 |
DIRECTORS' REVIEW
Dear Shareholders,
On behalf of the Board of Directors of the Company, I am pleased to present before you the Un-Audited Financial Statements of your Company for the First Quarter period ended September 30, 2025 in compliance with requirements of Companies Act, 2017.
The overall business remained very tough and challenging throughout the period under report. The demand for locally produced yarn reduced drastically due to huge quantities of imported yarn being dumped in the Pakistan market putting the viability of the spinning industry of the country at stake. The performance of your Company also fell victim to these unfavorable conditions effecting the performance of your Company. Due to decrease in demand for yarn, the sales prices remained on the lower side diminishing the financial margins of the Company resulting in net loss of Rs.171.223 Million to the Company for the quarter ended on 30.09.2025. Detailed figures are in annexed financial statements.
Your Directors are endeavoring hard to achieve the best possible results for the Company in the present sub-dued economic conditions by way of taking measures to reduce the manufacturing cost, especially energy cost by installing Solar Eler:trinity Generation System and high efficiency Motors. With these cost cutting measures coupled with expected improvement in the market conditions and by the grace of Almighty Allah, performance of your Company will get better and financial results during the remaining period of the current financial year to end on June 30, 2026 will improve.
On behalf of the Board
Chairperson
Place: Mult an
Da t e d: 30-09 -2025
MAQBOOL TEXTILE MILLS LIMITED | ||
PROFIT AND LOSS ACCOUNT | ||
FOR THE 1ST QUARTER ENDED SEPTEMBER 30, 2025 | ||
(Un-Audited) | ||
30-Sep-25 | 30-Sep-24 | |
Rupees | Rupees | |
Sales | 1,481,484,957 | 1,757,722,537 |
Cost of goods sold | (1,470,113,758) | (1,677,806,520) |
Gross profit | 11,371,199 | 79,916,017 |
Other income | - | 641,250 |
11,371,199 | 80,557,267 | |
Selling and distribution expenses | (4,705,154) | (6,002,587) |
Administrative expenses | (69,433,236) | (76,573,631) |
(74,138,390) | (82,576,218) | |
Finance cost | (89,936,927) | (173,842,621) |
Loss before final taxes, revenue taxes and income tax | (152,704,117) | (175,861,572) |
Final taxes | - | - |
Loss before revenue taxes and income tax | (152,704,117) | (175,861,572) |
Revenue taxes | (18,518,562) | (21,971,532) |
Loss befor income tax | (171,222,679) | (197,833,104) |
Income tax | - | - |
Loss after taxation | (171,222,679) | (197,833,104) |
Other comprehensive profit/(loss) | ||
for the period - net of tax | - | - |
(171,222,679) | (197,833,104) | |
Earnings/(Loss) per share | (9.29) | (10.73) |
NOTES TO THE ACCOUNTS | ||
These un-audited financial statements are being presented to the shareholders as required under SECP Notification No.SRO746(1)2001 dated 05-11-2001 and inaccordance with the requirements of International Accounting Standard-34 "Interim Financial Reporting". | ||
Accounting policies adopted for the preparation of these quarterly accounts are the same as adopted in the preceding periodic financial statements. | ||
Figures in these accounts have been rounded off to the nearest rupee. | ||
Chief Executive Officer Director Deputy Chief Financial Officer | ||
MAQBOOL TEXTILE MILLS LIMITED STATEMENT OF FINANCIAL POSITION AS AT SEPTEMBER 30, 2025
30-Sep-25 | 30-Jun-25 |
Rupees | Rupees |
5,413,101,011 | 5,470,501,091 |
6,869,989 | 6,869,989 |
5,419,971,000 | 5,477,371,080 |
154,539,480 | 163,504,299 |
1,027,172,369 | 1,317,976,168 |
1,113,431,369 | 1,077,617,048 |
162,513,002 | 136,230,846 |
797,470,602 | 739,542,118 |
99,827,178 | 90,855,921 |
10,395,667 | 10,228,833 |
4,407,415 | 4,171,522 |
3,369,757,082 | 3,540,126,755 |
8,789,728,082 | 9,017,497,835 |
184,320,000 | 184,320,000 |
65,280,000 | 65,280,000 |
2,002,421,517 | 2,020,077,493 |
(873,307,758) | (719,741,055) |
1,378,713,759 | 1,549,936,438 |
258,353,577 | 28,046,079 |
1,637,067,336 | 1,577,982,517 |
1,365,815,940 | 1,296,264,879 |
- | 42,315,394 |
10,791,392 | 14,828,152 |
782,812,312 | 802,139,160 |
89,481,124 | 80,097,401 |
2,248,900,769 | 2,235,644,986 |
2,481,552,685 | 2,814,881,943 |
150,321,029 | 96,086,176 |
1,776,391,000 | 1,729,645,285 |
- | 195,224,500 |
6,532,010 | 6,532,010 |
352,265,300 | 226,924,479 |
- | 15,674,235 |
12,340,939 | 13,063,251 |
124,357,015 | 105,838,453 |
4,903,759,978 | 5,203,870,332 |
- | - |
8,789,728,082 | 9,017,497,835 |
(Un-Audited)
ASSETS Non-current assetsProperty, plant and equipment Long term deposits
Current assets Stores and spares Stock in trade Trade debtsLoans and advances Due from government Advance tax
Other financial assets Cash and bank balances
Total assets EQUITY AND LIABILITIES Share capital and reservesShare capital Share premium
Surplus on revaluation of property, plant and equipment - net of deferred tax Unappropriated profits
Loan from director
Non-current liabilities Long term financing Deferred grantLease liabilities
Deferred taxation
Staff retirement benefits - gratuity
Current liabilitiesTrade and other payables Accrued mark up
Short term borrowings Loan from director Unclaimed dividend
Current portion of long term financing Current portion of deferred grant Current portion of lease liabilities Provision for tax
Contingencies and commitments Total equity and liabilitiesChief Executive Officer Director Deputy Chief Financial Officer
MAQBOOL TEXTILE MILLS LIMITED STATEMENT OF CASH FLOW
FOR THE 1ST QUARTER ENDED SEPTEMBER 30, 2025
30-Sep-25 | 30-Sep-24 |
Rupees | Rupees |
(152,704,117) | 70,297,038 |
70,642,769 | 52,338,720 |
12,191,456 | 13,699,809 |
89,936,927 | 167,219,482 |
172,771,152 | 233,258,011 |
20,067,035 | 303,555,049 |
8,964,819 | 487,777 |
290,803,799 | (335,519,849) |
(35,814,321) | 278,825,522 |
(26,282,156) | 93,798,491 |
(166,834) | - |
(57,928,484) | 58,505,508 |
179,576,823 | 96,097,449 |
(333,329,258) | (138,991,433) |
(133,685,400) | 260,661,065 |
(28,298,105) | (24,103,918) |
(2,807,733) | (6,862,349) |
(35,702,074) | (156,671,460) |
(66,807,912) | (187,637,727) |
(200,493,312) | 73,023,338 |
(13,242,689) | (40,730,770) |
(13,242,689) | (40,730,770) |
136,902,253 | (18,689,629) |
35,082,998 | - |
46,745,715 | (33,570,627) |
(4,759,072) | (7,507,582) |
213,971,894 | (59,767,838) |
235,893 | (27,475,270) |
4,171,522 | 37,211,751 |
4,407,415 | 9,736,481 |
(Un-Audited)
CASH FLOWS FROM OPERATING ACTIVITIESProfit/(Loss) before taxation
Adjustments for:
Depreciation Provision for gratuity Finance cost
Operating cash flows before working capital changes(Increase)/decrease in current assets Stores and spares
Stock-in-trade Trade debts
Loans and advances Other financial assets Due from government
(Decrease)/increase in current liabilitiesTrade and other payables
Net Cash Generated from operationsIncome tax paid Gratuity paid Finance cost paid
Net cash generated from operating activities CASH FLOWS FROM INVESTING ACTIVITIESAdditions to property, plant and equipment
Net cash used in investing activities CASH FLOWS FROM FINANCING ACTIVITIESProceeds/ (Repayment) of long-term finances Proceeds from loan from directors
Proceeds from short-term borrowings - net Repayment of lease liabilities
Net cash used in financing activitiesNet decrease in cash and cash equivalents
Cash and cash equivalents at the beginning of the period Cash and cash equivalents at the end of the period
Chief Executive Officer Director Deputy Chief Financial Officer
MAQBOOL TEXTILE MILLS LIMITED | |||||||
STATEMENT OF CHANGES IN EQUITY | |||||||
FOR THE 1ST QUARTER ENDED SEPTEMBER 30, 2025 | |||||||
(Un-Audited) | |||||||
Capital Reserves | Revenue Reserve | ||||||
Share capital | Share premium | Surplus on revaluation of property, plant and equipment | General reserve | Unappropriated profit | Loan from director | Total | |
Balance as at July 01, 2024 | 184,320,000 | 65,280,000 | 2,090,700,372 | 168,000,000 | (135,525,326) | 16,701,079 | 2,389,476,125 |
Loss for the quarter ended September 30, 2024 | (197,833,104) | - | (197,833,104) | ||||
Other comprehensive income for the period | - | ||||||
184,320,000 | 65,280,000 | 2,090,700,372 | 168,000,000 | (333,358,430) | - | 2,191,643,021 | |
Transfer to unappropriated profit on account of | |||||||
incremental depreciation on surplus of revaluation | |||||||
of property, plant & equipment | (12,434,190) | 12,434,190 | - | - | |||
Balance as at September 30, 2024 | 184,320,000 | 65,280,000 | 2,078,266,182 | 168,000,000 | (320,924,240) | - | 2,191,643,021 |
Balance as at July 01, 2025 | 184,320,000 | 65,280,000 | 2,020,077,493 | - | (719,741,055) | 28,046,079 | 1,577,982,517 |
Profit for the quarter ended September 30, 2025 | (171,222,679) | (171,222,679) | |||||
Other comprehensive income for the period | - | - | |||||
184,320,000 | 65,280,000 | 2,020,077,493 | - | (890,963,734) | 28,046,079 | 1,406,759,838 | |
Transfer to unappropriated profit on account of | |||||||
incremental depreciation on surplus of revaluation | |||||||
of property, plant & equipment | (17,655,976) | 17,655,976 | 230,307,498 | 230,307,498 | |||
Balance as at September 30, 2025 | 184,320,000 | 65,280,000 | 2,002,421,517 | - | (873,307,758) | 258,353,577 | 1,637,067,336 |
Chief Executive Officer | Director | Deputy Chief Financial Officer | |||||
https://www.maqboolgroup.com