Lahore: Mughal Iron & Steel Industries Limited announced on February 25, 2025, the financial results for the six-month period ending December 31, 2024. The Board of Directors, in a meeting held at the company's Lahore headquarters, approved the condensed interim financial statements. The company reported no cash dividends, bonus shares, or right shares during this period.
The company's total assets as of December 31, 2024, amounted to 70.28 billion rupees, a slight increase from 70.18 billion rupees reported on June 30, 2024. Non-current assets were valued at 24.35 billion rupees, with property, plant, and equipment accounting for 24.26 billion rupees. Current assets totaled 45.93 billion rupees, with inventories standing at 21.39 billion rupees and trade debts increasing to 13.98 billion rupees.
Equity attributable to equity holders of the holding company was reported at 26.53 billion rupees, up from 26.03 billion rupees on June 30, 2024. The company's non-current liabilities decreased to 5.42 billion rupees from 5.71 billion rupees, while current liabilities totaled 38.00 billion rupees. Short-term borrowings were slightly reduced to 27.61 billion rupees.
According to information available from the Pakistan Stock Exchange (PSX), the issued, subscribed, and paid-up capital remained steady at 3.36 billion rupees, and capital reserves were unchanged at 3.30 billion rupees. The company also reported an increase in revaluation surplus on property, plant, and equipment to 3.99 billion rupees.
Mughal Iron & Steel Industries stated that the financial results, along with the necessary disclosure forms as required under SRO 143(1)/2012, have been attached to the company's report. The information was shared in compliance with the Securities Act, 2015, to ensure transparency regarding insider information.
The company's contact details for further inquiries include Muhammad Fahad Hafeez, the Company Secretary, based at the company's Lahore office. The designated market category for Mughal Iron & Steel Industries is the manufacturing sector, specifically within the iron and steel industry.