Pakistan’s International Steels Limited (ISL) reported a sharp improvement in profitability in the nine months ended March 2026, supported by higher steel sales, improved capacity utilization and tighter cost controls.
The company’s profit after tax rose 153pct YoY to PKR 2.41 bln (USD 8.7 mln) from PKR 951 mln a year earlier, while revenue increased to PKR 67.28 bln (USD 242 mln) from PKR 45.67 bln.
ISL said sales volume increased 64pct YoY, driven by improved demand, stronger market penetration and higher sales in both domestic and export markets. The company said the stronger performance also reflected better capacity utilization, operating leverage, disciplined pricing and cost optimization.
The producer also highlighted measures to reduce energy costs, rationalize freight, increase solar power utilization and improve production planning, while tighter control of process wastage and inventories supported margins.
Exports accounted for 20.62pct of gross sales in the nine-month period, up from 12.59pct a year earlier, while domestic sales accounted for 79.38pct.
ISL said the outlook for Pakistan’s steel sector remains cautiously optimistic, supported by improving economic conditions and a gradual recovery in construction and infrastructure activity. However, it flagged global commodity and energy price volatility as well as weak enforcement of anti-dumping measures as key risks to domestic producers.
Situated in Karachi, ISL operates manufacturing facilities with an annual production capacity of 1 mln tons. The company produces cold rolled steel, galvanized steel, and color-coated steel.
1 USD / 278 PKR