Rupali Polyester Limited: performance and outlook

According to Business Recorder, Rupali Polyester Limited (RUPL) reported a net loss of Rs214.576 million for the first nine months of the current fiscal year, 9MFY26, which was 79 percent smaller than a year earlier. The loss per share stood at Rs6.30, compared with Rs30.02 in 9MFY25. Net sales fell 55.17 percent to Rs2360.588 million, while the company also recorded a gross loss of Rs287.51 million.

The company linked the sales drop to weaker domestic demand for PFY and fierce competition from dumped products. Digitalising sales invoices under an FBR directive also took longer than planned and disrupted sales. Costs of gas and electricity, plus thinner capacity utilisation, weighed on the gross result, while higher petroleum prices and inflation lifted distribution costs 25.58 percent and administrative costs 34.60 percent.

Other income of Rs614.796 million, up 497.53 percent, absorbed operating costs and lifted the nine-month result to an operating profit of Rs77.84 million, against an operating loss of Rs709.33 million a year earlier. Finance cost fell 25.16 percent but stayed high enough to keep the net result in the red. The company's outlook links economic stability to stronger demand for PSF and PFY, and it plans to install modern machinery. The report adds that the government must curb dumped imports for local makers to fully benefit.