Pakistan-based Gadoon Textile Mills Limited reported a significant increase in its financial performance for the first quarter ended September 30, 2026, with profit more than doubling compared with the same period last year.

According to its filing with the Pakistan Stock Exchange (PSX), the company's profit increased to Rs 1,140.899 million from Rs 561.271 million in the corresponding quarter of the previous year. Earnings per share also rose to Rs 40.70 from Rs 20.02.

Net sales grew to Rs 22,250.290 million compared with Rs 19,727.949 million a year earlier. Gross profit increased to Rs 2,717.511 million from Rs 1,481.353 million, while gross margin improved to 12.21% from 7.51%.

The company attributed the improvement in gross margins to a better energy mix, reduced gas levy and favourable product mix.

At its board meeting held on October 29, 2026, the directors recommended no cash dividend, bonus shares or right shares for the quarter.

The results highlight improved profitability and stronger operational performance at Gadoon Textile Mills amid changing conditions in Pakistan's textile industry.