Paramount Spinning Mills Limited reported a net loss of Rs 553 million for the first quarter of 2026
Filed as: Financial Results for the Quarter Ended 30-09-2026
Summary
Paramount Spinning Mills Limited reported a net loss of Rs 553 million for the first quarter of 2026, an improvement from a net loss of Rs 1.83 billion in the same period last year. The company continues to face significant financial challenges with no revenue generation.
Read the original filingFigures in the filing
| Item | This period | Period before | Change |
|---|---|---|---|
| Net Profit / (Loss) after Taxation | PKR 553.07 million | PKR 1,833.48 million | +69.8% |
| Administrative Expenses | PKR 553.29 million | PKR 1,842.65 million | +70.0% |
| Earnings / (Loss) per Share | PKR -0.03 | PKR -0.11 | +72.7% |
| Cash and Bank Balances | PKR 3.51 million | PKR 3.52 million | -0.3% |
| Total Assets | PKR 21.83 million | PKR 21.87 million | -0.2% |
Amounts are in Pakistani rupees as stated in the filing (M = million, B = billion).
What the filing says
- The company reported a net loss of Rs 553 million, which is a reduction from the Rs 1.83 billion loss in the prior period, indicating some improvement in financial performance.
- Administrative expenses decreased significantly from Rs 1.84 billion to Rs 553 million, reflecting cost-cutting measures.
- The earnings per share improved from a loss of Rs 0.11 to a loss of Rs 0.03, showing a reduction in losses per share.
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Source: Paramount Spinning Mills Limited's filing with the Pakistan Stock Exchange. The summary and figures on this page are extracted from the filing by software and can contain errors; the filing itself is the record. This page describes the filing. It is not investment advice and Nafa does not recommend any stock. Investing in securities involves risk, including possible loss of principal.