Karachi: Beco Steel Limited has reported its financial results for the first quarter ended September 30, 2026, revealing a noticeable decline in both sales and profits compared to the same period last year. The steel manufacturer announced these results on October 29, 2026.

For the quarter, Beco Steel's sales reached approximately 1.48 billion rupees, significantly down from the previous year's 2.32 billion rupees. This represents a very large or significant move in sales figures, contributing to a reduced gross profit of 172.32 million rupees, down from 223.66 million rupees in the corresponding quarter of 2025.

The company's expenses also demonstrated shifts, with distribution and selling expenses recorded at 850,000 rupees, while administrative and general expenses slightly decreased to 36.99 million rupees from 42.39 million rupees. Other operating expenses were 446,175 rupees, a decrease from the previous year's 2.49 million rupees, resulting in total expenses of 38.29 million rupees compared to 44.88 million rupees last year.

Operating profit stood at 134.02 million rupees, down from 178.78 million rupees. According to information available from the Pakistan Stock Exchange (PSX), the company's profit from operations also saw a decline, reaching 136.33 million rupees compared to 178.99 million rupees in the previous year.

Finance cost was noted at 210,371 rupees, contributing to a profit before levies and taxation of 136.12 million rupees, down from 178.91 million rupees in the same quarter last year. Taxation costs decreased to 18.45 million rupees from 28.96 million rupees, resulting in a profit after taxation of 117.67 million rupees, a moderate move from the previous year's 149.96 million rupees.

The earnings per share, both basic and diluted, were reported at 0.09 rupees, declining from 0.12 rupees in the first quarter of 2025.