Pakistan-based Agha Steel Industries Limited reported improved financial performance for the nine-month period ended 31 March 2026, with losses narrowing amid lower finance costs and cost control measures.
Net turnover declined to PKR 7.33 bln (USD 26.3 mln) from PKR 8.08 bln a year earlier, reflecting weak demand from the construction sector and continued pricing pressure.
The company reported a loss after tax of PKR 2.73 bln (USD 9.8 mln), compared with a loss of PKR 5.17 bln in the same period last year.
Operating loss narrowed to PKR 3.99 bln (USD 14.3 mln) from PKR 5.39 bln, supported by a significant reduction in finance costs to PKR 2.36 bln (USD 8.5 mln) from PKR 3.44 bln, following financial restructuring and improved liquidity management.
Management said the operating environment remained challenging, with weak construction demand, high energy costs and tight liquidity conditions continuing to weigh on the steel sector.
However, the company noted that improving macroeconomic indicators, including easing inflation and expectations of lower interest rates, could support a gradual recovery in steel demand.
Agha Steel operates an EAF-based plant at Port Qasim, Karachi, with annual production capacity of 450,000 tons of billets and 650,000 tons of rebar.
1 USD / 278.8 PKR
