International Steels Limited

International Steels Limited (ISL) reported a 255.76% year-on-year rise in net profit to Rs2,206.95 million for 1QFY27, while revenue increased 13.59% to Rs23,763.31 million. Gross profit grew 44.84%, and operating profit more than tripled, although finance costs were 78.62% higher.

For FY26, sales climbed 49.81% to Rs93,349.19 million and net profit rose 135.58% to Rs3,673.23 million, following a steep earnings decline in FY25. Business Recorder also reported ISL’s plan to sell its 17% holding in Chinoy Engineering & Construction for Rs350 million, or Rs72.24 per share. ISL, a steel coils and sheets manufacturer and subsidiary of International Industries Limited, attributed the latest quarterly improvement to higher local sales, volume growth, cost and inventory controls, and energy diversification.