ISL Profit Surges 3.6x to Rs2bn in 1QFY27

October 20, 2026 (MLN): Profit after taxation of International Steels Limited (PSX: ISL) rose more than 3.5-fold to Rs2.21bn for the quarter ended September 30, 2026 (1QFY27), compared with Rs620.34m in the same period last year.

Basic and diluted earnings per share (EPS) climbed to Rs5.07 from Rs1.43 in 1QFY26.

The jump came from a more than 117-fold surge in other income, along with higher revenue and a stronger gross margin. Higher finance costs, other expenses and taxation only partly offset the gains.

Revenue from contracts with customers grew 13.59% to Rs23.76bn from Rs20.92bn. Cost of sales rose at a slower pace of 9.63% to Rs20.35bn from Rs18.57bn, lifting gross profit 44.84% to Rs3.41bn from Rs2.35bn.

Selling and distribution expenses increased 13.07% to Rs906.91m from Rs802.06m, while administrative expenses rose 15.21% to Rs149.60m from Rs129.85m.

As a result, operating profit grew 65.47% to Rs2.35bn from Rs1.42bn.

Below the operating line, finance cost rose 78.62% to Rs490.20m from Rs274.44m, and other expenses increased more than 2.6-fold to Rs472.61m from Rs180.76m.

Other income was the key driver, surging more than 117-fold to Rs2.07bn from Rs17.62m.

Profit before taxation more than tripled to Rs3.46bn from Rs983.84m. Income tax expense also more than tripled to Rs1.25bn from Rs363.50m, which absorbed part of the gains and left profit after taxation at Rs2.21bn.

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