Aruj Industries Limited: performance and outlook

Business Recorder reported that Aruj Industries Limited (PSX: ARUJ) recorded no sales in the first nine months of FY26, against Rs0.19 million in the same period last year. The company makes fusible interlining and carries out dyeing, bleaching and stitching of fabric, but it has put operations on hold because of sustained losses and an inability to clear outstanding liabilities. Its gross loss narrowed to Rs16.182 million, down 23.64 percent year-on-year, while the net loss stood at Rs21.86 million, 28 percent lower than a year earlier.

Loss per share narrowed to Rs2.09 in the nine months from Rs2.91 a year earlier, while administrative expense fell 28 percent as operations were curtailed and the workforce was rationalised. The decline extends a multi-year slide, with net sales falling to a record low of Rs0.19 million in 2025 from Rs358.28 million in 2024 and revenue of Rs858 million in 2023.

Current liabilities topped current assets by 412.96 million as of March 31, 2026, and accumulated losses reached Rs437.93 million, which the report says raises significant doubts about whether the company can keep operating as a going concern. The founder, Mr. Maqsood Ahmed Butt, had planned to inject cash during FY26, but geopolitical tensions have pushed the injection back to the first quarter of FY27.