Janana De Malucho Textile Mills Limited (JDMT): FY24 Corporate Briefing Takeaways - By Taurus Research
Jun 2 2025
Taurus Securities
- Janana De Malucho Textile Mills Ltd was incorporated in Pakistan as a Public Company in the year 1960. The Company is mainly engaged in the business of manufacturing and sale of yarn.
- In FY24, sales clocked in at PKR 5.8Bn as compared to PKR 6Bn, down 2% over the SPLY mainly due to reduced availability of cheaper imported yarn from China and Vietnam. The Company recorded gross loss of 6ppts arriving at -0.42% compared to 6% in the SPLY driven by a ~60% rise in fuel & power costs, a 100% increase in closing stock and higher minimum wage rate. Additionally, a ~150% surge in gas prices significantly strained operating margins beyond the Company’s capacity to absorb costs.
- Finance costs arrived at PKR 358Mn compared to PKR 325Mn, up 10% over the SPLY driven by higher interest rate during the period. The Company posted an impairment reversal on investments in associated Company of PKR 23Mn compared to the loss of PKR 20Mn in the SPLY
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