Amreli Steels swings to Rs548m profit in FY26

Amreli Steels Limited (PSX: ASTL) swung to a net profit of Rs547.92m in the twelve months to June 30, 2026, after a loss of Rs3.81bn a year earlier. According to Mettis Global, the turnaround was mainly due to an exceptional gain from restructuring debt and much lower finance charges. Basic and diluted earnings per share moved to Rs1.69 from a loss of Rs12.83.

Net sales rose 33% year on year to Rs21.34bn from Rs16.08bn, while cost of sales grew more slowly, by 25% to Rs20.00bn. That lifted gross profit to Rs1.34bn from Rs76.01m, and the operating loss narrowed by 47% to Rs567.11m. Finance costs fell 39% to Rs2.50bn, and a Rs3.11bn restructuring gain on long-term financing, absent last year, pushed the pre-levy result into a Rs42.83m profit.

Levy charges climbed 21% to Rs269.02m, which left a pre-tax loss of Rs226.18m. A tax credit of Rs774.10m, smaller than the Rs1.57bn credit of the prior year, was enough to produce the net profit. The company still reported an operating loss, though the bottom line swung from a Rs3.81bn loss last year.