Agha Steel narrows quarterly loss to Rs970m

Agha Steel Industries cut its net loss by 17.02% year on year to Rs969.76m for the three months ended September 30, 2026, Mettis Global reported. Loss per share improved to Rs1.34 from Rs1.93 in the same quarter last year.

The improvement came despite net turnover dropping 33.18% to Rs1.44bn, while finance costs edged up 1.16% to Rs739.29m. Lower administrative and selling expenses, other income rising to Rs50.86m from Rs17.97m, and a larger tax credit helped offset the weaker sales and higher financing costs. The gross loss was almost unchanged at Rs322.31m, while the operating loss narrowed to Rs1.22bn.