Mughal Iron & Steel profit plunges 78% in 1QFY27
Mettis Global • • 1 min read
Mettis Global reported that Mughal Iron & Steel Industries earned Rs201.40m in the quarter ending September 30, 2026, compared with Rs925.70m a year earlier. Basic and diluted earnings per share came in at Rs0.55, down from Rs2.51. The decline in quarterly earnings was 78.24%.
Net sales contracted 14.64% to Rs17.15bn, while gross profit was lower by 56.70% at Rs1.50bn. Levies climbed to Rs155.22m from Rs7.00m, pushing pre-tax profit down 91.49% to Rs165.27m. A Rs36.13m tax credit, compared with a Rs1.02bn tax charge in the prior-year quarter, partly offset the deterioration; lower finance costs and a reversal of expected credit losses also provided some support.
At a glance
- Quarterly earnings were Rs201.40m, down from Rs925.70m a year earlier.
- Net sales decreased 14.64% to Rs17.15bn.
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Originally reported by Mettis Global
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