Crescent Steel & Allied Products Limited has released its financial results for the first quarter ended September 30, 2026, reporting a significant loss compared to the previous year.
- Revenue for Q1FY27 decreased by 23.1% to PKR 977.17M, down from PKR 1,270.34M in Q1FY26.
- The company reported a net loss after tax of PKR 99.86M, contrasting with a profit of PKR 430.95M in the same quarter last year.
- Loss per share (LPS) for Q1FY27 was PKR 1.29, compared to earnings per share (EPS) of PKR 5.55 in Q1FY26.
- Gross profit fell to PKR 231.50M, representing a gross margin of 23.7%, down from 33.4% in the prior year.
- The loss before tax from continuing operations was PKR 38.57M, compared to a profit before tax of PKR 591.82M in Q1FY26.
- The balance sheet shows total assets of PKR 11,383.96M, down from PKR 12,105.42M as of June 30, 2026.
- The gearing ratio decreased to 4.8% from 6.6% at the end of the last fiscal year.
- The company has indicated a challenging outlook for FY27 due to geopolitical tensions and inflationary pressures affecting demand and costs.