Crescent Steel reports loss in Q1 FY27 as sales decline

Pakistan’s Crescent Steel and Allied Products Ltd reported a consolidated net loss of PKR 128.8 mln (USD 467,000) for the first quarter ended September 30, 2026, compared with a net profit of PKR 563.1 mln (USD 2.04 mln) a year earlier, as lower sales and a reversal in investment results weighed on earnings.

Consolidated sales declined by 23.3pct YoY to PKR 1.147 bln (USD 4.15 mln) from PKR 1.496 bln (USD 5.42 mln).

The company recorded a net loss of PKR 137 mln (USD 496,000) on investments, compared with net investment income of PKR 609.8 mln in the corresponding quarter last year.

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

1 USD / 276 PKR