Karachi: The Metropolitan Steel Corporation Limited released its financial results for the quarter ending on September 30, 2026, revealing net sales of Rs. 26.184 million and a net loss of Rs. 1.848 million before tax. The figures, detailed in a report dated October 29, 2026, highlight a shift in the company's financial performance compared to the same period last year.

For the quarter under review, Metropolitan Steel Corporation experienced a notable increase in net sales, rising from Rs. 22.955 million in 2025 to Rs. 26.184 million in 2026. This improvement in sales reflects a positive growth trajectory for the company.

The financial report further indicates a gross profit of Rs. 1.765 million for the current quarter, contrasting with a gross loss of Rs. 3.351 million recorded in the previous year. The operating loss also saw a reduction, standing at Rs. 3.040 million compared to Rs. 7.184 million in the previous year.

According to information available from the Pakistan Stock Exchange (PSX), the loss before tax decreased significantly to Rs. 2.899 million from Rs. 6.997 million, while the loss after tax was reduced to Rs. 1.848 million from Rs. 6.264 million.

The designated market category for Metropolitan Steel Corporation Limited indicates that the company is making strides in improving its financial health, though challenges remain. The report concludes with an acknowledgment from the Board of Directors, expressing gratitude to shareholders, customers, financial institutions, suppliers, management, and employees for their ongoing support and contributions.