Tata Textile Mills limited reported loss per share of PKR 9.89 in FY24 against a profit per share of PKR PKR 4.65 in FY23. Furthermore, in 1QFY25 the company reported loss per share of PKR 2.06 against PKR 5.72 in SPLY. In terms of financial performance, Tata Textile Mills achieved a significant revenue milestone of 45 billion this year.
However, its gross profit experienced a decline due to rising cotton prices. A notable contributor to the company’s financial performance was other income, which included returns from investments in various securities amounting to 2.5 billion.
Moreover, the company has successfully reduced its inventory days in the current year, which has helped lower finance costs, further strengthening its operational efficiency. Going Forward Tata Textile Mills Limited is strategically focusing on the adoption of cloud technologies and Oracle solutions to drive further automation in its operations. Additionally, the company is prioritizing sustainability initiatives, including the expansion of its renewable energy capabilities. In line with this, Tata Textile Mills is enhancing its green energy infrastructure by adding a 6.6 MW plant by the mid of 2025 to complement its existing 4.4 MW facility, thereby contributing to reduced carbon emissions.
Important Disclosures
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