Amreli Steels narrows Q3 loss as revenue surges

Pakistan's Amreli Steels Ltd reported a net loss of PKR 60.57 mln (USD 219,000) in the quarter ended September 2026, compared with a loss of PKR 790.36 mln in the same quarter last year.

Revenue increased sharply to PKR 10.45 bln (USD 37.7 mln), up from PKR 2.79 bln a year earlier.

The company recorded an operating profit of PKR 530.51 mln (USD 1.92 mln), against an operating loss of PKR 216.49 mln in the corresponding quarter last year. However, finance costs remained high at PKR 588.17 mln (USD 2.12 mln), contributing to the quarterly net loss.

Amreli Steels is one of Pakistan's leading steel producers, with an annual billet production capacity of 600,000 tons and rebar manufacturing capacity of 605,000 tons.

1 USD / 277 PKR