Oct 26, 2026, 1:02 PM
Agha Steel reports a narrower Q1 loss as turnover declines year over year
Financial ResultAgha Steel Industries reported a net loss of Rs969.763 million for the quarter ended September 30, 2026, compared with a loss of Rs1,168.632 million a year earlier. Turnover declined to Rs1,444.843 million from Rs2,162.185 million, while loss per share improved to Rs1.34 from Rs1.93. The board recommended no cash dividend, bonus shares, or rights shares.
Key Findings
- Turnover fell year over year, while gross and operating losses narrowed modestly.
- Loss after taxation narrowed to Rs969.763 million from Rs1,168.632 million.
- Loss per share improved to Rs1.34 from Rs1.93.
- The board recommended no cash dividend, bonus shares, or rights shares.
Financial Performance
| Metric | PreviousQuarter ended September 30, 2025 | CurrentQuarter ended September 30, 2026 | Change |
|---|---|---|---|
| Turnover - net | 2,162,185 | 1,444,843 | -33.2% |
| Gross loss | (331,256) | (322,312) | +2.7% |
| Operating loss | (1,241,388) | (1,222,014) | +1.6% |
| Loss after taxation | (1,168,632) | (969,763) | +17% |
| Loss per share - basic and diluted | (1.93) | (1.34) | +30.6% |
| Finance costs | (730,819) | (739,293) | -1.2% |
| Cash and bank balances | 195,783 | 314,224 | +60.5% |
| Short term borrowings - on demand | 15,465,247 | 15,465,247 | 0% |
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Highlights summarize the key points from the company's official PSX filing. View the original filing for the complete details before making financial decisions.