Janana De Malucho Textile Mills Limited recorded loss per share of PKR 109.14 in FY25, as compared to loss per share of PKR 67.61 in FY24.
The company recorded net sales of PKR 1.5 Bn, down 74% from PKR 5.9 Bn in FY24. Along with this, it saw its gross loss increase from PKR 25 Mn in FY24 to PKR 486 Mn in FY25. JDMT posted loss after tax of PKR 755 Mn in FY25, compared to PKR 468 Mn in FY24.
The company has stopped operations at its plant since September 2024 owing to numerous reasons including high energy costs, low demand and low selling prices due to competition from imported yarn. Management plans to sell a portion of their land to be able to pay back loans from the parent company and finance working capital needs. JDMT plans to make use of the Prime Minister’s incremental electricity package once it is notified by restarting their plant in the next few months.
Alongside this, efforts are also being made for the installation of a 1MW solar power plant to rationalize power costs. With regards to the FY26 budget, it was highlighted that the removal of imported yarn from the EFS scheme and the subsequent levy of sales tax on it has a significant impact on its price thereby reducing competition from imports for the company.
While the impact has not fully materialized due to excess quantities in the market, the company expects the impact to be seen over the next few months.
Management also revealed that their plan is to revive operations in the start of CY26, once they believe they can achieve breakeven. Significant steps have been made for efficiencies including the reduction of fixed costs and analysis into choosing yarn counts which are profitable to produce.
Important Disclosures
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