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Engineering

ASL Aisha Steel Mills Limited

Latest results: FY2026 · Jun 2026

Watch ASL · free results alerts

Last close · 16 Oct 2026

Rs 15.09 -1.18%

Quarterly · Q1 FY2022 – Q4 FY2026

Aisha Steel Mills Limited (ASL) quarterly income statement

Aisha Steel Mills Limited reported revenue of Rs 19.7 bn for Q4 FY2026 (Apr – Jun 2026), up 64.6% on Q4 FY2025. Gross profit came to Rs 2.9 bn, a gross margin of 14.5%. Operating profit was Rs 2.0 bn (an operating margin of 10.0%). Finance cost was Rs 341.8 mn, down 20.7% on Q4 FY2025. Tax of Rs 600.7 mn took 40.5% of pre-tax profit. Profit attributable to shareholders was Rs 882.0 mn, up 2,546.2% on Q4 FY2025, or Rs 0.88 per share.

ASL income statement (quarterly) (Rs bn)
Rs bn TTM to Jun 2026 Q4 FY2026 Apr – Jun 2026 Q3 FY2026 Jan – Mar 2026 Q2 FY2026 Oct – Dec 2025 Q1 FY2026 Jul – Sep 2025 Q4 FY2025 Apr – Jun 2025 Q3 FY2025 Jan – Mar 2025 Q2 FY2025 Oct – Dec 2024 Q1 FY2025 Jul – Sep 2024
Revenue 54.2 19.7 14.0 11.1 9.5 12.0 8.9 8.3 4.6
Cost of revenue (48.3) (16.8) (12.9) (10.1) (8.5) (10.9) (8.1) (8.5) (4.5)
Gross profit 5.9 2.9 1.1 1.0 0.9 1.0 0.7 (0.2) 0.1
Selling, general & administrative expenses (2.3) (0.8) (0.6) (0.5) (0.4) (0.4) (0.3) (0.2) (0.2)
Operating profit 3.5 2.0 0.5 0.5 0.5 0.6 0.9 (0.4) (0.1)
Finance cost (1.6) (0.3) (0.3) (0.4) (0.5) (0.4) (0.5) (0.6) (1.1)
Profit before tax 1.6 1.5 0.1 0.1 0.0 0.1 0.4 (1.0) (1.2)
Taxation (0.6) (0.6) (0.0) (0.1) 0.1 (0.1) (0.1) 0.2 0.4
Profit after tax 1.0 0.9 0.1 (0.1) 0.1 0.0 0.3 (0.9) (0.8)
Profit attributable to shareholders 1.0 0.9 0.1 (0.1) 0.1 0.0 0.3 (0.9) (0.8)
Per share & other
EPS – basic (Rs) Rs 0.99 0.88 0.07 (0.05) 0.09 (0.06) 0.34 (0.93) (0.91)
EPS – diluted (Rs) Rs 0.99 0.88 0.07 (0.05) 0.09 (0.06) 0.34 (0.93) (0.91)
Dividend per share (Rs) Rs 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
EBITDA 4.4 2.2 0.7 0.7 0.8 0.9 1.2 (0.1) 0.2
Depreciation & amortisation 1.0 0.2 0.2 0.2 0.3 0.2 0.2 0.2 0.2
Weighted average shares mn 930.8 930.8 930.5 930.4 930.0 930.0 930.0 924.8 930.0
ASL income statement — year-on-year change (Rs mn)
Rs mn Q4 FY2026 Apr – Jun 2026 Q3 FY2026 Jan – Mar 2026 Q2 FY2026 Oct – Dec 2025 Q1 FY2026 Jul – Sep 2025 Q4 FY2025 Apr – Jun 2025 Q3 FY2025 Jan – Mar 2025 Q2 FY2025 Oct – Dec 2024 Q1 FY2025 Jul – Sep 2024
Revenue +64.6% +57.7% +33.1% +106.6% +5.7% +0.9% -30.7% -56.8%
Cost of revenue +54.0% +58.1% +18.3% +89.4% -0.1% +8.3% -21.9% -52.9%
Gross profit +176.3% +53.3% — +1,195.6% +171.8% -42.7% -115.1% -93.1%
Selling, general & administrative expenses +89.5% +125.1% +127.0% +146.5% +31.0% +4.9% -18.6% -5.5%
Operating profit +214.0% -48.3% — — +798.5% -9.7% -140.0% -109.1%
Finance cost -20.7% -26.0% -39.0% -54.6% -54.4% -51.6% -31.7% +16.9%
Profit before tax +1,176.4% -84.0% — — — +1,594.2% -8,917.5% -2,569.9%
Taxation +625.2% -98.7% — — — — — -2,759.4%
Profit after tax +2,546.2% -78.7% — — — +248.1% -986.4% -2,492.4%
Profit attributable to shareholders +2,546.2% -78.7% — — — +248.1% -986.4% -2,492.4%
Per share & other
EPS – basic (Rs) — -78.7% — — — +248.1% -991.4% -2,492.6%
EPS – diluted (Rs) — -78.7% — — — +248.1% -991.4% -2,492.6%
Dividend per share (Rs) — — — — — — — —
EBITDA +156.5% -38.4% — +414.2% +167.8% -7.0% -112.4% -87.7%
Depreciation & amortisation +2.3% -0.0% -4.4% +1.8% -7.1% +5.0% +1.4% +4.1%
Weighted average shares — — — — — — — —

Change against the same quarter a year earlier; shown when the earlier figure is positive.

ASL income statement — common size (Rs mn)
Rs mn Q4 FY2026 Apr – Jun 2026 Q3 FY2026 Jan – Mar 2026 Q2 FY2026 Oct – Dec 2025 Q1 FY2026 Jul – Sep 2025 Q4 FY2025 Apr – Jun 2025 Q3 FY2025 Jan – Mar 2025 Q2 FY2025 Oct – Dec 2024 Q1 FY2025 Jul – Sep 2024
Revenue 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0%
Cost of revenue (85.5%) (91.9%) (90.7%) (90.3%) (91.4%) (91.7%) (102.1%) (98.4%)
Gross profit 14.5% 8.1% 9.3% 9.7% 8.6% 8.3% (2.1%) 1.6%
Selling, general & administrative expenses (3.9%) (4.5%) (4.6%) (4.1%) (3.4%) (3.2%) (2.7%) (3.5%)
Operating profit 10.0% 3.4% 4.5% 5.8% 5.2% 10.4% (4.6%) (2.0%)
Finance cost (1.7%) (2.5%) (3.5%) (5.4%) (3.6%) (5.3%) (7.7%) (24.5%)
Profit before tax 7.5% 0.5% 0.6% 0.1% 1.0% 4.9% (12.5%) (26.8%)
Taxation (3.1%) (0.0%) (1.0%) 0.8% (0.7%) (1.3%) 2.2% 8.4%
Profit after tax 4.5% 0.5% (0.5%) 0.9% 0.3% 3.6% (10.3%) (18.4%)
Profit attributable to shareholders 4.5% 0.5% (0.5%) 0.9% 0.3% 3.6% (10.3%) (18.4%)
Per share & other
EBITDA 11.2% 5.1% 6.6% 8.4% 7.2% 13.0% (1.8%) 3.4%
Depreciation & amortisation 1.2% 1.7% 2.0% 2.7% 1.9% 2.7% 2.8% 5.4%

Each line as a percentage of revenue.

Figures in Pakistani rupees as reported by the company; costs and cash outflows in brackets; "—" = not reported. TTM = the latest four quarters added together. Updated 16 Oct 2026.

All reported line items 100
ASL income statement — all reported line items (Rs bn)
Rs bn Q4 FY2026 Apr – Jun 2026 Q3 FY2026 Jan – Mar 2026 Q2 FY2026 Oct – Dec 2025 Q1 FY2026 Jul – Sep 2025 Q4 FY2025 Apr – Jun 2025 Q3 FY2025 Jan – Mar 2025 Q2 FY2025 Oct – Dec 2024 Q1 FY2025 Jul – Sep 2024
Revenue from Goods & Services 19.7 14.0 11.1 9.5 12.0 8.9 8.3 4.6
Sales of Goods & Services - Net - Unclassified 19.7 14.0 11.1 9.5 4.0 0.5 0.5 0.4
Sales Returns, Allowances & Other Revenue Adjustments — — — — (0.9) 0.5 0.1 0.3
Revenue Taxes — — — — 1.3 1.5 1.3 0.7
Gross Revenue from Business Activities - Total — — — — 8.4 10.3 9.3 5.3
Revenue from Business Activities - Total 19.7 14.0 11.1 9.5 12.0 8.9 8.3 4.6
Cost of Operating Revenue 16.8 12.9 10.1 8.5 10.9 8.1 8.5 4.5
Cost of Revenues - Total 16.8 12.9 10.1 8.5 10.9 8.1 8.5 4.5
Selling, General & Administrative Expenses - Total 0.8 0.6 0.5 0.4 0.4 0.3 0.2 0.2
Selling, General & Administrative Expenses - Unclassified — — — — — — — —
Other Operating Expense/(Income) - Net 0.1 0.0 0.0 (0.0) 0.0 (0.5) (0.0) 0.0
Other Operating Income - Total — — — 0.0 — — — —
Gross Profit - Industrials/Property - Total 2.9 1.1 1.0 0.9 1.0 0.7 (0.2) 0.1
Operating Expenses - Total 17.7 13.5 10.6 8.9 11.3 7.9 8.7 4.7
Labor & Related Expenses including Stock-Based Compensation in Selling, General & Administrative Expenses — — — — — — — —
Operating Profit before Non-Recurring Income/(Expense) 2.0 0.5 0.5 0.5 0.6 0.9 (0.4) (0.1)
Financing Income/(Expense) - Net - Total (0.4) (0.4) (0.4) (0.5) (0.5) (0.5) (0.7) (1.1)
Interest Expense - Net of (Interest Income) 0.3 0.3 0.4 0.5 0.4 0.5 0.6 1.1
Other Operating Expense — — — 0.0 — — — —
Interest Expense - Net of Capitalized Interest 0.3 0.3 0.4 0.5 0.4 0.5 0.6 1.1
Non-Interest Financial Income/(Expense) - Total (0.1) (0.0) (0.0) (0.0) (0.0) (0.0) (0.0) (0.0)
Non-Interest Financial Income/(Expense) - Other - Net (0.1) (0.0) (0.0) (0.0) (0.0) (0.0) (0.0) (0.0)
Sale of Tangible & Intangible Fixed Assets - Gain/Loss — — — 0.0 — — — —
Other Non-Operating Income/(Expense) - Total (0.1) (0.0) (0.0) (0.0) (0.0) (0.0) (0.0) (0.0)
Foreign Exchange Gain/(Loss) - Non-Business — — — — — — — —
Normalized Pre-tax Profit 1.5 0.1 0.1 0.0 0.1 0.4 (1.0) (1.2)
Interest Income - Non-Bank — — — — — — — —
Provision for Income Tax Expense- Unclassified 0.6 0.0 0.1 (0.1) — — — —
Income before Taxes 1.5 0.1 0.1 0.0 0.1 0.4 (1.0) (1.2)
Income Taxes 0.6 0.0 0.1 (0.1) 0.1 0.1 (0.2) (0.4)
Income Taxes for the Year - Current — — — — 0.1 0.1 0.1 0.1
Income Taxes - Deferred — — — — (0.0) 0.0 (0.3) (0.4)
Net Income after Tax 0.9 0.1 (0.1) 0.1 0.0 0.3 (0.9) (0.8)
Income before Discontinued Operations & Extraordinary Items 0.9 0.1 (0.1) 0.1 0.0 0.3 (0.9) (0.8)
Net Income before Minority Interest 0.9 0.1 (0.1) 0.1 0.0 0.3 (0.9) (0.8)
Net Income after Minority Interest 0.9 0.1 (0.1) 0.1 0.0 0.3 (0.9) (0.8)
Income Available to Common Shares 0.8 0.1 (0.1) 0.1 (0.1) 0.3 (0.9) (0.8)
Other Comprehensive Income - Starting Line — — — — 0.0 0.3 (0.9) (0.8)
Other Comprehensive Income - Other — — — — 0.0 0.0 0.0 0.0
Other Comprehensive Income - Pension Related — — — — (0.0) — — —
Other Comprehensive Income - Net of Tax - Total — — — — (0.0) 0.0 0.0 0.0
Comprehensive Income before Minority Interest - Total — — — — 0.0 0.3 (0.9) (0.8)
Comprehensive Income - Attributable to Parent Company Equity Holders - Total — — — — 0.0 0.3 (0.9) (0.8)
Distribution for Preferred Shares 0.1 — — — 0.1 — — —
DPS - Common - Gross - Issue - By Period End Date Rs 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Income - Basic - including Extraordinary Items Applicable to Common - Total 0.8 0.1 (0.1) 0.1 (0.1) 0.3 (0.9) (0.8)
Income available to Common excluding Extraordinary Items 0.8 0.1 (0.1) 0.1 (0.1) 0.3 (0.9) (0.8)
Shares used to calculate Basic EPS - Total mn 930.8 930.5 930.4 930.0 930.0 930.0 924.8 930.0
EPS - Basic - including Extraordinary Items Applicable to Common - Total Rs 0.88 0.07 (0.05) 0.09 (0.06) 0.34 (0.93) (0.91)
EPS - Basic - excluding Extraordinary Items Applicable to Common - Total Rs 0.88 0.07 (0.05) 0.09 (0.06) 0.34 (0.93) (0.91)
EPS - Basic - excluding Extraordinary Items - Normalized - Total Rs 0.88 0.07 (0.05) 0.09 (0.06) 0.34 (0.93) (0.91)
Allocated Net Income including Extraordinary Items Applicable to Common - Issue Specific 0.8 0.1 (0.1) 0.1 (0.1) 0.3 (0.9) (0.8)
Earnings Allocation Factor - Basic - Issue Specific 1.00× 1.00× 1.00× 1.00× 1.00× 1.00× 1.00× 1.00×
Shares used to calculate Basic EPS - Issue Specific mn 930.8 930.5 930.4 930.0 930.0 930.0 924.8 930.0
EPS - Basic - including Extraordinary Items Applicable to Common - Issue Specific Rs 0.88 0.07 (0.05) 0.09 (0.06) 0.34 (0.93) (0.91)
EPS - Basic - excluding Extraordinary Items Applicable to Common - Issue Specific Rs 0.88 0.07 (0.05) 0.09 (0.06) 0.34 (0.93) (0.91)
EPS - Basic - excluding Extraordinary Items - Normalized - Issue Specific Rs 0.88 0.07 (0.05) 0.09 (0.06) 0.34 (0.93) (0.91)
EPS - Basic from Discontinued Operations & Extraordinary Items Rs 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Comprehensive Earnings Per Share - Basic - Issue Specific Rs — — — — 0.01 0.34 (0.93) (0.91)
Net Income - Diluted - including Extraordinary Items Applicable to Common - Total 0.8 0.1 (0.1) 0.1 (0.1) 0.3 (0.9) (0.8)
Diluted Income available to Common excluding Extraordinary Items 0.8 0.1 (0.1) 0.1 (0.1) 0.3 (0.9) (0.8)
Shares used to calculate Diluted EPS - Total mn 930.8 930.5 930.4 930.0 930.0 930.0 924.8 930.0
EPS - Diluted - including Extraordinary Items Applicable to Common - Total Rs 0.88 0.07 (0.05) 0.09 (0.06) 0.34 (0.93) (0.91)
EPS - Diluted - excluding Extraordinary Items Applicable to Common - Total Rs 0.88 0.07 (0.05) 0.09 (0.06) 0.34 (0.93) (0.91)
EPS - Diluted - excluding Extraordinary Items - Normalized - Total Rs 0.88 0.07 (0.05) 0.09 (0.06) 0.34 (0.93) (0.91)
Allocated Diluted Net Income including Extraordinary Items Applicable to Common - Issue Specific 0.8 0.1 (0.1) 0.1 (0.1) 0.3 (0.9) (0.8)
Earnings Allocation Factor - Diluted - Issue Specific 1.00× 1.00× 1.00× 1.00× 1.00× 1.00× 1.00× 1.00×
Shares used to calculate Diluted EPS - Issue Specific mn 930.8 930.5 930.4 930.0 930.0 930.0 924.8 930.0
EPS - Diluted - including Extraordinary Items Applicable to Common - Issue Specific Rs 0.88 0.07 (0.05) 0.09 (0.06) 0.34 (0.93) (0.91)
EPS - Diluted - excluding Extraordinary Items Applicable to Common - Issue Specific Rs 0.88 0.07 (0.05) 0.09 (0.06) 0.34 (0.93) (0.91)
EPS - Diluted - excluding Extraordinary Items - Normalized - Issue Specific Rs 0.88 0.07 (0.05) 0.09 (0.06) 0.34 (0.93) (0.91)
EPS - Diluted from Discontinued Operations & Extraordinary Items Rs 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Comprehensive Earnings Per Share - Diluted - Issue Specific Rs — — — — 0.01 0.34 (0.93) (0.91)
DPS - Common - Gross - Issue - By Announcement Date Rs 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
DPS - Common - Net - Issue - By Announcement Date Rs 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Earnings before Interest & Taxes (EBIT) 2.0 0.5 0.5 0.5 0.6 0.9 (0.4) (0.1)
Earnings before Interest, Taxes, Depreciation & Amortization (EBITDA) 2.2 0.7 0.7 0.8 0.9 1.2 (0.1) 0.2
Depreciation, Depletion & Amortization - Total 0.2 0.2 0.2 0.3 0.2 0.2 0.2 0.2
Depreciation - Total — — — — — — — —
Amortization of Intangible Assets excluding Goodwill - Total — — — — — — — —
Normalized after Tax Profit 0.9 0.1 (0.1) 0.1 0.0 0.3 (0.9) (0.8)
Normalized Net Income from Continuing Operations 0.9 0.1 (0.1) 0.1 0.0 0.3 (0.9) (0.8)
Normalized Net Income - Bottom Line 0.8 0.1 (0.1) 0.1 (0.1) 0.3 (0.9) (0.8)
Earnings before Interest & Taxes (EBIT) - Normalized 1.8 0.4 0.5 0.5 0.5 0.9 (0.4) (0.1)
Earnings before Interest, Taxes, Depreciation & Amortization (EBITDA) - Normalized 2.1 0.7 0.7 0.8 0.8 1.1 (0.2) 0.1
Interest Expense on Financial Lease Liabilities - Supplemental 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Interest Expense 0.3 0.3 0.4 0.5 0.4 0.5 0.6 1.1
Operating Expenses 17.7 13.5 10.6 8.9 11.3 7.9 8.7 4.7
Selling, General & Administrative Expenses excluding Research & Development Expenses 0.8 0.6 0.5 0.4 0.4 0.3 0.2 0.2
Income before Taxes & Provision for Loan Losses 1.5 0.1 0.1 0.0 0.1 0.4 (1.0) (1.2)
Cost of Revenue including Operation & Maintenance (Utility) - Total 16.8 12.9 10.1 8.5 10.9 8.1 8.5 4.5
Cost of Revenues excluding Depreciation 16.8 12.9 10.1 8.5 10.9 8.1 8.5 4.5
DPS - Common - Gross - Issue - By Payable Date Rs 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
DPS - Common - Gross - Issue - By Ex Date Rs 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Tax Adjusted Operating Income 1.1 0.4 (0.4) 6.7 0.2 0.7 — —
Operating Expenses excluding Non-Cash Charges - Total 17.5 13.3 10.4 8.7 11.1 7.7 8.5 4.4
Income Available to Common Shares before Depreciation & Amortization 1.1 0.3 0.2 0.3 0.2 0.6 (0.6) (0.6)
Fixed Charges 0.4 0.3 0.4 0.5 0.5 0.5 0.6 1.1
Estimated Tax Rate 0.29× 0.29× 0.29× 0.29× 0.29× 0.29× 0.29× 0.29×
Total Common & Spl DPS -Gross - Issue - By Announcement Date Rs 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Every line the company reported, in the original order and wording, without regrouping or signs changed.