Pakistan’s Mughal Iron and Steel Industries Limited (Mughal Steel) posted a consolidated profit of PKR 925.7 mln (USD 3.27 mln) for the quarter ended September 30, 2025, compared to a loss of PKR 24 mln a year earlier, mainly due to improved gross margins.
The company’s net sales declined 7pct YoY to PKR 20.09 bln (USD 71 mln).
The company said that the ferrous segment saw lower volumes amid the temporary impact of prolonged monsoon conditions, while the non-ferrous segment recorded higher exports following the clearance of pending inventory and easing of operational hurdles. Despite weaker sales, margins strengthened, supporting overall profitability.
Looking ahead, Mughal Steel expects to benefit from reduced energy costs via its subsidiary Mughal Energy Limited, and from efficiency gains once its rolling mill modernization project is completed.
With an annual production capacity of 1 mln tons, Mughal Steel manufactures billets, rebar, and structural sections, and also produces copper ingots, mainly for export to China.
1 USD / 281.2 PKR
