Beco Steel Limited: performance and outlook

Beco Steel Limited reported a 179.39 percent rise in net profit to Rs311.47 million for 2026, while sales increased 32.33 percent to Rs9,860.50 million, Business Recorder reported. The company attributed stronger sales to growth in both domestic and export markets, with Hong Kong its largest export destination.

Profit also benefited from a Rs226.30 million gain after the Federal Board of Revenue tax demand was decided in Beco Steel’s favour. Operating profit rose 103.97 percent, although gross margin narrowed to 4.33 percent as fuel, power and scrap costs increased.

The company’s outlook includes a planned rebar facility with annual capacity of 72,000 tons and a 5 MW solar project, alongside efforts to expand overseas sales. Higher scrap and energy expenses remain risks identified in the report.