Crescent Steel profit rises in 9M FY26 on cost control, lower finance charges

Crescent Steel and Allied Products Limited reported net income of PKR 770.9 mln (USD 2.76 mln) for the first nine months of FY26 ended March 31, 2026, compared with PKR 332.79 mln in the same period last year.

Revenue declined by nearly 4pct YoY to PKR 5.13 bln (USD 18.39 mln).

The increase in profitability was attributed to cost optimization and lower finance charges. Market sources also noted that the discontinuation of the company's billet and cotton divisions supported earnings by reducing pressure on resources.

The company operates across multiple sectors, including steel pipes, investments, infrastructure development and energy.

1 USD / 279 PKR