Gul Ahmed profit more than doubles to Rs640m in 1QFY27

Gul Ahmed Textile Mills (GATM) reported consolidated profit after tax of Rs639.52 million for the quarter ended September 30, 2026, up 108.24% from Rs307.10 million a year earlier, Mettis Global reported. Diluted earnings per share increased to Rs0.86 from Rs0.41. The improvement came despite a 15.65% decline in net sales to Rs41.14 billion.

Lower costs helped cushion the sales contraction: cost of sales fell 17.90%, while administrative expenses declined 22.02% and finance costs dropped 16.59%. Other income more than doubled to Rs895.10 million, supporting a 5.24% rise in operating profit to Rs2.69 billion, although selling and distribution expenses increased 22.63% to Rs3.36 billion. Gross profit slipped 2.33% to Rs6.88 billion, while profit before income tax nearly doubled to Rs730.62 million.