Mughal Steel profit doubles to Rs2.5bn, declares Rs2/share dividend

Mughal Iron and Steel Industries reported that its profit for the year ended June 30, 2026 more than doubled to Rs2.49bn from Rs965.52m a year earlier, according to Mettis Global. Earnings per share rose to Rs6.75 from Rs2.83 in the previous year. A final cash payout of Rs2.00 per ordinary and class-C share, equal to 20%, was announced by the board.

Revenue moved in the opposite direction, with gross sales down 12% to Rs90.92bn and net sales slipping 13% to Rs77.96bn. Cost of sales dropped faster, by 15% to Rs69.30bn, which lifted gross profit 6% to Rs8.66bn. The larger driver was finance cost, which fell 33% to Rs3.82bn, a saving of nearly Rs1.90bn.

Administrative expenses climbed 30% to Rs1.18bn, while other income nearly tripled to Rs548.76m. Levies swung to a charge of Rs89.23m from a credit a year earlier, and taxation rose 16% to Rs1.02bn. Even so, profit before tax nearly doubled to Rs3.50bn, with the lower finance cost playing a central part in the gain.