Karam Ceramics reports a sharp quarterly loss and plans a temporary plant shutdown for upgrades
Report TransmissionKaram Ceramics Limited transmitted its unaudited interim condensed financial statements for the quarter ended September 30, 2026. Net sales fell 31.7% year over year, gross loss widened to Rs. 65.296 million from Rs. 12.063 million, and net loss after tax increased to Rs. 66.669 million from Rs. 26.542 million. The company also plans a temporary plant shutdown for balancing, modernization and replacement work, with larger-format tile production targeted to begin in March 2027, subject to completion and commissioning.
Key Findings
- Net sales for the quarter ended September 30, 2026 were Rs. 109.794 million, compared with Rs. 160.694 million in the corresponding prior-year quarter.
- Gross loss widened to Rs. 65.296 million from Rs. 12.063 million, while net loss after tax increased to Rs. 66.669 million from Rs. 26.542 million.
- The company attributed weaker results to torrential rains and flooding, lower production levels, and underutilized plant capacity.
- The Board approved a temporary shutdown for balancing, modernization and replacement work and installation of new machinery.
- Production of larger-format porcelain polished tiles is planned to begin in March 2027, subject to completion of installation, construction and commissioning.
Filing Details
Report
Quarterly
Period ended
30/09/2026
Published
02/11/2026
Report Publication
Published
02/11/2026
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Highlights summarize the key points from the company's official PSX filing. View the original filing for the complete details before making financial decisions.
