KARACHI: Beco Steel Limited reported a strong financial performance for the nine months ended March 31, 2026, with profit after tax more than doubling compared to the corresponding period last year, driven by higher sales and a significant increase in other income.
According to the company’s condensed financial results, net sales rose to Rs7.48 billion during the nine-month period, up from Rs6.06 billion in the same period of the previous year, reflecting a healthy increase in business activity. Gross profit also improved to Rs483.55 million, compared to Rs421.87 million a year earlier.
Beco Steel’s profit from operations climbed to Rs556.09 million, nearly doubling from Rs279.00 million recorded in the corresponding period last year. The improvement was supported by a sharp rise in other income, which reached Rs224.92 million, compared with just Rs123,191 in the previous year’s nine-month period.
As a result, the company posted a profit after tax of Rs457.08 million, representing an increase of approximately 125% from Rs202.94 million reported in the same period last year. Earnings per share (EPS) stood at Rs0.37, compared with Rs1.62 in the corresponding period of FY25, reflecting the impact of the company’s capital restructuring and increase in the number of shares outstanding.
For the quarter ended March 31, 2026, Beco Steel earned Rs269.47 million, a substantial rise from Rs10.04 million in the same quarter last year, highlighting a strong improvement in quarterly profitability.
The Board of Directors, in its meeting held on April 28, 2026, decided not to recommend any cash dividend, bonus shares, or right shares for shareholders.
The latest results indicate that Beco Steel has strengthened its operational performance during FY26, supported by rising revenues and improved profitability, positioning the company on a stronger financial footing as it continues its growth trajectory.
