Mughal Iron & Steel Industries Limited has released its unaudited condensed interim financial report for the quarter ended September 30, 2026, highlighting a decrease in sales and profits compared to the previous year.
- Consolidated gross sales for the quarter were PKR 20,258.14M, down from PKR 22,616.50M in the same period last year.
- The consolidated net profit after tax (PAT) was PKR 201.40M, a significant decline from PKR 925.70M in the prior year.
- Earnings per share (EPS) decreased to PKR 0.55 from PKR 2.51 year-on-year.
- Standalone gross sales mirrored the consolidated figures at PKR 20,258.11M, with a profit of PKR 224.15M, down from PKR 997.26M previously.
- The company's net worth as of September 30, 2026, was PKR 36,440.45M, showing a slight increase from PKR 36,216.30M at the end of June 2026.
- The decrease in sales was attributed to reduced export volumes, while local ferrous sales showed some growth.
- The energy segment commenced commercial operations of a new power plant, which is expected to enhance future performance.
- The report indicates a cautious outlook amid ongoing economic challenges, with plans for operational improvements and product diversification.