Metropolitan Steel reports narrower quarterly loss for the quarter ended September 30, 2026
Financial ResultMetropolitan Steel Corporation Limited reported higher sales and improved core profitability year over year for the quarter ended September 30, 2026. The net loss narrowed to Rs. 1.848 million from Rs. 6.264 million, while loss per share improved to Rs. 0.060 from Rs. 0.202. The statements are unaudited and amounts are in Rs. '000 unless otherwise noted.
Key Findings
- Net sales rose to Rs. 26.184 million from Rs. 22.955 million in the comparable quarter.
- Gross profit was Rs. 1.765 million, compared with a gross loss of Rs. 3.351 million a year earlier.
- Operating loss narrowed to Rs. 3.040 million from Rs. 7.184 million.
- Net loss narrowed to Rs. 1.848 million; loss per share improved to Rs. 0.060 from Rs. 0.202.
Financial Performance
| Metric | PreviousQuarter ended September 30, 2025 | CurrentQuarter ended September 30, 2026 | Change |
|---|---|---|---|
| Sales - net | PKR 22.96M | PKR 26.18M | +14.1% |
| Gross profit / (loss) | -PKR 3.35M | PKR 1.77M | +152.7% |
| Operating loss | -PKR 7.18M | -PKR 3.04M | +57.7% |
| Loss after income taxation | -PKR 6.26M | -PKR 1.85M | +70.5% |
| Loss per share - basic and diluted (Re.) | (0.202) | (0.060) | +70.3% |
| Finance cost | PKR 170K | PKR 16K | -90.6% |
| Cash and bank balances | PKR 2.21M | PKR 3.42M | +54.9% |
| Short term borrowings | PKR 168K | PKR 168K | 0% |
⚡
Highlights summarize the key points from the company's official PSX filing. View the original filing for the complete details before making financial decisions.