KARACHI: Mughal Iron & Steel Industries Limited (PSX: MISIL) reported a strong financial performance for the nine months ended March 31, 2026, posting a profit after tax of Rs2.12 billion, a substantial increase from Rs453.00 million recorded during the corresponding period last year. Earnings per share (EPS) rose to Rs5.76, compared with Rs1.35 in the same period of FY2025.
The company’s net sales surged to Rs60.17 billion, up from Rs42.12 billion a year earlier, reflecting improved demand and higher business activity. Gross profit also climbed sharply to Rs7.05 billion, compared with Rs5.87 billion in the corresponding period last year, supported by stronger revenue growth despite an increase in the cost of sales.
During the nine-month period, Mughal Iron & Steel recorded an operating profit of Rs3.53 billion, significantly higher than Rs538.66 million reported in the same period of the previous year. Profit before taxation increased to Rs3.28 billion, while profit after taxation reached Rs2.12 billion, highlighting a marked improvement in profitability.
For the third quarter alone, the company earned a profit after tax of Rs460.02 million, translating into quarterly earnings per share of Rs1.25, compared with Rs235.87 million and EPS of Rs0.70 in the corresponding quarter last year.
The Board of Directors, in its meeting held on April 29, 2026, approved the condensed interim financial statements for the nine-month period. The board did not recommend any cash dividend, bonus shares, or right shares for shareholders.
The latest results underscore Mughal Iron & Steel’s robust operational performance, driven by higher sales and improved profitability, positioning the company on a stronger financial footing as it enters the final quarter of FY2026.
