Karachi: International Steels Limited (ISL) has reported a marked improvement in its financial performance for the quarter ended September 30, 2026, with the company's revenue from contracts with customers climbing to 23.76 billion rupees, a notable increase from 20.92 billion rupees in the same period last year. The financial results, disclosed in the company's interim statement, underscore significant operational advancements and strategic financial management.
The quarterly report, released on October 20, 2026, indicates a robust gross profit of 3.41 billion rupees, up from 2.35 billion rupees in the previous year, reflecting enhanced efficiency in cost management as the cost of sales rose to 20.35 billion rupees from 18.57 billion rupees. Despite a rise in selling, distribution, and administrative expenses, the company achieved an operating profit of 2.35 billion rupees, improving from 1.42 billion rupees recorded last year.
According to information available from the Pakistan Stock Exchange (PSX), ISL's profit before taxation surged to 3.46 billion rupees, highlighting a significant leap from 983.84 million rupees in the corresponding quarter of 2025. This growth was bolstered by a substantial increase in other income, which reached 2.07 billion rupees compared to a mere 17.62 million rupees previously, counterbalancing the increased finance and other expenses.
The company's profit after taxation soared to 2.21 billion rupees, a very large or significant move from 620.34 million rupees in the same quarter of the prior year. Consequently, earnings per share rose substantially to 5.07 rupees from 1.43 rupees, reflecting the company's improved financial health and operational success.
In terms of the statement of financial position, ISL's total assets expanded to 71.44 billion rupees as of September 30, 2026, from 55.59 billion rupees as of June 30, 2026. A major contributor to this growth was the increase in current assets, notably stock-in-trade, which rose dramatically from 26.79 billion rupees to 42.15 billion rupees. Additionally, trade debts decreased to 1.19 billion rupees from 3.12 billion rupees, indicating improved receivables management.
The company's equity and liabilities also saw changes, with total liabilities increasing to 42.43 billion rupees from 28.78 billion rupees. This rise was primarily driven by short-term borrowings, which escalated to 21.58 billion rupees from 10.67 billion rupees, reflecting the company's strategic financing decisions to support its growth trajectory.
ISL's financial results for the reported quarter underscore the company's strong market position and effective operational strategies within the steel industry, as it continues to navigate and capitalize on market opportunities.