ZAHIDJEETEXTILE MILLS LIMITED !
ZTML/FR-Q-3/2026
Date: April 25, 2026
The General Manager Pakistan Stock Exchange Limited Karachi.
Dear Sir,
ANNOUNCEMENT OF FINANCIAL RESULTS
FOR THE NINE MONTHS ENDED MARCH 31, 2026
We wish to inform you that the Board of Directors of Zahidjee Textile Mills Limited, in its meeting held on April 25, 2026, at 02:30 P.m. at the Company's Head Office, has approved the Financial Statements of the Company for the nine months Ended March 31, 2026, and recommended the following:
Cash Dividend
Bonus Shares
Right Shares
Nil Nil Nil
Financial Results
The following financial statements of the company are attached:
CONDENSED INTERIM STATEMENT OF PROFIT OR LOSS (UN-AUDITED)
CONDENSED INTERIM STATEMENT OF FINANCIAL POSITION (UNAUDITED)
CONDENSED INTERIM STATEMENT OF CHANGES IN EQUITY (UN-AUDITED)
CONDENSED INTERIM STATEMENT OF CASH FLOWS (UN-AUDITED)
The Quarterly Report of the Company for Quarter Ended March 31, 2026 will be transmitted through PUCARS, within the specified time.
Yours faithfully,
Company Secretary
CC: Director/HOD
Surveillance, Supervision and Enforcement Department Securities and Exchange Commission of Pakistan NIC BuiIding,63 Jinnah Avenue
Islamabad.
131-A, P-Street, Upper Mall, Lahore-Pakistan (54000)
Tel:+92 42 35777290-3 Email: cfo@zahidjee.com.pk URL: https://www.zahidjee.com.pk
ZAHIDJEE TEXTILE MILLS LIMITED
CONDENSED INTERIM STATEMENT OF FINANCIAL POSITION (UN-AUDITED) AS AT March 31, 2026
Un-audited March 31, | Audited June 30, | ||
Note | 2026 Rupees | 2025 Rupees | |
NON - CURRENT ASSETS | |||
Property, plant and equipment | 3 | 18,177,501,180 | 19,174,379,964 |
Long term security deposits | 4,975,784 | 4,975,784 | |
18,182,476,964 | 19,179,355,748 | ||
CURRENT ASSETS | |||
Stores, spares and loose tools | 241,532,879 | 383,364,754 | |
Stock in trade | 5,839,182,957 | 6,905,732,976 | |
Trade debts | 3,889,599,320 | 3,869,618,724 | |
Loans, advances and deposit | 484,499,084 | 549,999,800 | |
Prepayments | 87,149,987 | 271,242,785 | |
Other receivables | 158,930,053 | 416,541,050 | |
Short term investment | 4 | 269,413,861 | 225,474,638 |
Tax refunds due from Government | 835,193,712 | 1,090,117,589 | |
Cash and bank balances | 5 | 4,752,092,417 | 4,070,690,472 |
16,557,594,270 | 17,782,782,788 | ||
CURRENT LIABILITIES | |||
Trade and other payables | 2,888,836,611 | 3,555,601,002 | |
Interest / mark up payable | 143,491,598 | 186,572,329 | |
Short term borrowings | 4,788,203,840 | 5,316,693,264 | |
Unclaimed dividend | 13,070,335 | 12,873,679 | |
Current portion of long term finance | 682,194,636 | 1,017,143,779 | |
Provision for taxation - income tax | 718,600,074 | 750,581,810 | |
9,234,397,094 | 10,839,465,863 | ||
25,505,674,140 | 26,122,672,673 | ||
NON - CURRENT LIABILITIES |
1,004,104,096 | 2,482,101,050 |
33,730,455 | 35,886,523 |
2,590,138,068 | 2,739,161,405 |
Long term finance Deferred liability
Staff retirement gratuity
Deferred taxation
3,627,972,619 5,257,148,978
CONTINGENCIES AND COMMITMENTS 6 - -
Net worth 21,877,701,521 20,865,523,695
Represented by :
Share capital Capital reserves Merger reserve
Surplus on revaluation of property, plant and equipment
Revenue reserves
1,914,210,990 | 1,914,210,990 |
366,258,513 | 366,258,513 |
6,284,477,380 | 6,574,220,175 |
13,312,754,638 | 12,010,834,017 |
21,877,701,521 20,865,523,695
21,877,701,521 20,865,523,695
The annexed notes from 1 to 13 form an integral part of these financial statements.
CHIEF EXECUTIVE OFFICER DIRECTOR CHIEF FINANCIAL OFFICER ZAHIDJEE TEXTILE MILLS LIMITED CONDENSED INTERIM STATEMENT OF PROFIT OR LOSS (UN-AUDITED) FOR NINE MONTHS ENDED March 31, 2026
Quarter ended March 31, Nine Months ended March 31,
Note | 2026 Rupees | 2025 Rupees | 2026 Rupees | 2025 Rupees |
Sales 7 | 9,946,676,699 | 10,769,848,631 | 28,751,881,409 | 30,941,877,538 |
Cost of sales 8 | 9,572,539,024 | 10,177,276,496 | 27,083,214,299 | 29,220,373,569 |
Gross profit | 374,137,675 | 592,572,135 | 1,668,667,110 | 1,721,503,969 |
Trading profit | 436,226 | 258,692 | 613,006 | 355,321 |
Other income | 247,165,757 | 160,439,710 | 528,463,043 | 600,095,976 |
621,739,658 | 753,270,537 | 2,197,743,159 | 2,321,955,266 | |
Distribution cost | 42,280,565 | 63,433,342 | 155,527,787 | 183,437,980 |
Administrative expenses | 78,469,612 | 41,181,661 | 235,847,788 | 204,350,746 |
Other operating expenses | 33,765,626 | 15,005,265 | 95,562,463 | 53,221,435 |
Finance cost | 190,188,998 | 239,812,128 | 703,222,051 | 760,999,724 |
344,704,801 | 359,432,396 | 1,190,160,089 | 1,202,009,885 | |
Profit for the period before levies and taxation | 277,034,857 | 393,838,141 | 1,007,583,070 | 1,119,945,381 |
Levies | 5,471,017 | 14,028,686 | 69,608,294 | 95,879,883 |
Profit for the period before taxation | 271,563,840 | 379,809,455 | 937,974,776 | 1,024,065,498 |
Provision for taxation 9 | (2,576,983) | 77,747,725 | (45,536,958) | 64,530,574 |
Profit for the period | 274,140,823 | 302,061,730 | 983,511,734 | 959,534,924 |
Earnings per share - Basic and diluted | 1.43 | 1.58 | 5.14 | 5.01 |
The annexed notes from 1 to 13 form an integral part of these financial statements.
CHIEF EXECUTIVE OFFICER DIRECTOR CHIEF FINANCIAL OFFICER ZAHIDJEE TEXTILE MILLS LIMITED CONDENSED INTERIM STATEMENT OF CASH FLOWS (UN-AUDITED) FOR THE NINE MONTHS ENDED March 31, 2026
Un-Audited Un-Audited
Mar-31 Mar-31
2026 2025
Note Rupees Rupees
a) CASH FLOWS FROM OPERATING ACTIVITIES | ||
Profit for the year before Levies and income tax | 1,007,583,070 | 1,119,945,381 |
Adjustment for: | ||
Depreciation of property, plant and equipment | 1,245,294,861 | 930,695,987 |
Profit on deposits | (466,608,394) | (187,254,117) |
Provision for staff retirement gratuity | - | - |
Loss / (gain) on disposal of operating assets - net | 16,421,815 | 127,551 |
Loss on disposal of short term investments - net | 539,696 | (371,226,094) |
Dividend income | - | (6,645,488) |
Fair value (Gain) on short term investments | - | (5,992,013) |
Balances written (back) - net | (10,444,527) | (9,987,796) |
Finance cost 703,222,051 760,999,724
Operating cash flows before working capital changes 2,496,008,572 2,230,663,134 Changes in working capital
(Increase) / decrease in current assets
Stores, spares and loose tools | 141,831,875 | (26,225,304) | |
Stock in trade | 1,066,550,019 | (1,464,864,812) | |
Trade debts | (9,536,069) | (119,310,582) | |
Loans, advances and deposit | 379,581,393 | (62,558,286) | |
Prepayments | (6,998,246) | 221,023,040 | |
Other receivables | 229,794,622 | (77,097,229) | |
Tax refunds due from Government- sales tax | 625,922,856 | (490,652,434) | |
(Decrease) / increase in current liabilities | |||
Trade and other payables | (666,764,391) | 673,121,233 | |
1,760,382,059 | (1,346,564,375) | ||
Cash generated from operating activities | 4,256,390,631 | 884,098,758 | |
Finance cost paid | (746,302,782) | (873,246,489) | |
Income tax paid | (670,398,816) | (444,759,681) | |
Net cash (used in) operating activities | 2,839,689,033 | (433,907,411) |
Un-Audited Un-Audited
Mar-31 Mar-31
2026 2025
Note Rupees Rupees
b) CASH FLOWS FROM INVESTING ACTIVITIESAdditions in: | |||
Property, plant and equipment | (260,586,342) | (182,443,226) | |
Short term investment | (25,888,361) | 47,776,567 | |
Proceeds from disposal of operating assets | 1,648,000 | - | |
Proceeds from disposal of short term investment | 14,835,528 | 371,226,094 | |
Profit on deposits | 453,139,608 | 187,254,117 | |
Dividend received Long term security deposits Rent Received | - - - | 6,645,488 - - | |
Net cash generated from / (used in) investing activities | 183,148,433 | 430,459,041 | |
c) CASH FLOWS FROM FINANCING ACTIVITIES | |||
Long term finance obtained | - | 6,400,900 | |
Repayment of long term finance | (1,812,946,097) | (1,175,856,786) | |
Increase in short term borrowings - net | (528,489,424) | 1,296,089,887 | |
Net cash generated from financing activities | (2,341,435,521) | 126,634,001 | |
Net increase / (decrease) in cash and cash equivalents (a+b+c) | 681,401,945 | 123,185,630 | |
Cash and cash equivalents at the beginning of the period | 4,070,690,472 | 4,139,123,929 | |
Cash and cash equivalents at the end of the period | 4,752,092,417 | 4,262,309,559 | |
The annexed notes from 1 to 13 form an integral part of these financial statements.
CHIEF EXECUTIVE OFFICER DIRECTOR CHIEF FINANCIAL OFFICER
ZAHIDJEE TEXTILE MILLS LIMITED
CONDENSED INTERIM STATEMENT OF CHANGES IN EQUITY (UN-AUDITED) FOR THE NINE MONTHS ENDED March 31, 2026
ISSUED, | CAPITAL RESERVES | REVENUE RESERVES | |||||
SUBSCRIBED AND PAID-UP CAPITAL | Merger reserve | Surplus on revaluation of property, plant | Sub total | General reserve | Unappropriated profit | Sub total | Total |
and equipment | |||||||
----------------------------------------------------- R u p e e s -----------------------------------------------------
Balance as at July 01, 2024 (Audited) Total comprehensive income for the period | 1,914,210,990 | 366,258,513 | 3,491,794,897 | 3,858,053,410 | 300,000,000 | 9,939,880,679 | 10,239,880,679 | 16,012,145,079 |
Profit for the period | - | - | - | - | - | 959,534,924 | 959,534,924 | 959,534,924 |
Other comprehensive income | - | - | - | - | - | - | - | - |
- | - | - | - | - | 959,534,924 | 959,534,924 | 959,534,924 | |
Incremental depreciation on | ||||||||
revalued assets for the period - net of deferred tax | - | - | (323,111,910) | (323,111,910) | - | 323,111,910 | 323,111,910 | - |
Adjustment of deferred tax for the period | - | - | 76,983,096 | 76,983,096 | - | - | - | 76,983,096 |
Balance as at March 31, 2025 (Unaudited) | 1,914,210,990 | 366,258,513 | 3,245,666,083 | 3,611,924,596 | 300,000,000 | 11,222,527,513 | 11,522,527,513 | 17,048,663,099 |
Total comprehensive income for the period | ||||||||
Profit for the period | - | - | - | - | - | 535,245,865 | 535,245,865 | 535,245,865 |
Surplus on revaluation of property, plant and equipment arisen during the year | - | - | 4,988,696,347 | 4,988,696,347 | - | - | - | 4,988,696,347 |
Related deferred tax | - | - | (1,317,370,673) | (1,317,370,673) | - | - | - | (1,317,370,673) |
- | - | 3,671,325,674 | 3,671,325,674 | - | 535,245,865 | 535,245,865 | 4,206,571,539 | |
Incremental depreciation on | ||||||||
revalued assets for the period - net of deferred tax | - | - | 62,546,270 | 62,546,270 | - | (62,546,270) | (62,546,270) | - |
Surplus realised on disposal of property, plant and equipment - net of deferred tax | - | - | (15,606,909) | (15,606,909) | - | 15,606,909 | 15,606,909 | - |
Adjustment of deferred tax for the period | - | - | (389,710,943) | (389,710,943) | - | - | - | (389,710,943) |
Balance as at June 30, 2025 (Audited) | 1,914,210,990 | 366,258,513 | 6,574,220,175 | 6,940,478,688 | 300,000,000 | 11,710,834,017 | 12,010,834,017 | 20,865,523,695 |
Total comprehensive income for the period | ||||||||
Profit for the period | - | - | - | - | - | 983,511,734 | 983,511,734 | 983,511,734 |
Other comprehensive income | - | - | - | - | - | - | - | - |
- | - | - | - | - | 983,511,734 | 983,511,734 | 983,511,734 | |
Incremental depreciation on | ||||||||
revalued assets for the period - net of deferred tax | - | - | (314,092,608) | (314,092,608) | - | 314,092,608 | 314,092,608 | - |
Surplus realised on disposal | ||||||||
of property, plant and equipment - net of deferred tax | - | - | (4,316,278) | (4,316,278) | - | 4,316,278 | 4,316,278 | - |
Adjustment of deferred tax for the period | - | - | 28,666,091 | 28,666,091 | - | - | - | 28,666,091 |
Balance as at March 31, 2026 (Unaudited) | 1,914,210,990 | 366,258,513 | 6,284,477,380 | 6,650,735,893 | 300,000,000 | 13,012,754,637 | 13,312,754,637 | 21,877,701,520 |
Other comprehensive income
The annexed notes from 1 to 13 form an integral part of these financial statements.
CHIEF EXECUTIVE OFFICER DIRECTOR CHIEF FINANCIAL OFFICER