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MSCL Metropolitan Steel Corporation Limited

Latest results: FY2026 · Jun 2026

Last close · 16 Oct 2026

Rs 24.45 +9.99%

Annual · FY2016 – FY2026

Metropolitan Steel Corporation Limited (MSCL) income statement

Metropolitan Steel Corporation Limited reported revenue of Rs 106.9 mn for FY2026 (Jul 2025 – Jun 2026), up 6.1% on FY2025. Gross profit came to -Rs 4.4 mn, a gross margin of -4.2%. Operating profit was -Rs 22.2 mn (an operating margin of -20.8%). Finance cost was Rs 344,000, up 67.8% on FY2025. The loss attributable to shareholders was Rs 18.7 mn, or Rs -0.60 per share.

MSCL income statement (annual) (Rs mn)
Rs mn FY2026 * Jul 2025 – Jun 2026 FY2025 * Jul 2024 – Jun 2025 FY2024 * Jul 2023 – Jun 2024 FY2023 Jul 2022 – Jun 2023 FY2022 Jul 2021 – Jun 2022
Revenue 106.9 100.7 122.5 99.2 100.7
Cost of revenue (111.4) (112.4) (139.7) (106.8) (118.4)
Gross profit (4.4) (11.7) (17.2) (7.6) (17.7)
Selling, general & administrative expenses (17.8) (17.7) (11.0) (9.4) (7.1)
Operating profit (22.2) (29.4) (28.2) (17.0) (24.7)
Finance cost (0.3) (0.2) (0.2) (0.3) (0.1)
Profit before tax (21.1) (14.3) (25.3) (13.9) (79.8)
Taxation 2.4 1.8 1.9 0.9 (0.0)
Profit after tax (18.7) (12.4) (23.3) (13.0) (79.9)
Profit attributable to shareholders (18.7) (12.4) (23.3) (13.0) (79.9)
Per share & other
EPS – basic (Rs) Rs (0.60) (0.40) (0.75) (0.42) (2.58)
EPS – diluted (Rs) Rs (0.60) (0.40) (0.75) (0.42) (2.58)
Dividend per share (Rs) Rs 0.00 0.00 0.00 0.00 0.00
EBITDA (6.2) (14.7) (14.2) (2.5) (9.5)
Depreciation & amortisation 16.1 14.7 14.0 14.4 15.2
Weighted average shares mn 31.0 31.0 31.0 31.0 31.0
MSCL income statement — year-on-year change (Rs mn)
Rs mn FY2026 * Jul 2025 – Jun 2026 FY2025 * Jul 2024 – Jun 2025 FY2024 * Jul 2023 – Jun 2024 FY2023 Jul 2022 – Jun 2023 FY2022 Jul 2021 – Jun 2022
Revenue +6.1% -17.7% +23.5% -1.5% +8.7%
Cost of revenue -1.0% -19.5% +30.8% -9.8% +45.9%
Gross profit — — — — -253.4%
Selling, general & administrative expenses +0.4% +61.8% +16.4% +32.8% +25.5%
Operating profit — — — — -522.2%
Finance cost +67.8% +6.8% -26.4% +278.3% +21.1%
Profit before tax — — — — -7,555.5%
Taxation — — — -2,771.9% —
Profit after tax — — — — -4,429.5%
Profit attributable to shareholders — — — — -4,429.5%
Per share & other
EPS – basic (Rs) — — — — -4,429.5%
EPS – diluted (Rs) — — — — -4,429.5%
Dividend per share (Rs) — — — — —
EBITDA — — — — -151.8%
Depreciation & amortisation +9.1% +5.1% -3.0% -5.2% +21.9%
Weighted average shares — — — — —

Change against the previous fiscal year; shown when the earlier figure is positive.

MSCL income statement — common size (Rs mn)
Rs mn FY2026 * Jul 2025 – Jun 2026 FY2025 * Jul 2024 – Jun 2025 FY2024 * Jul 2023 – Jun 2024 FY2023 Jul 2022 – Jun 2023 FY2022 Jul 2021 – Jun 2022
Revenue 100.0% 100.0% 100.0% 100.0% 100.0%
Cost of revenue (104.2%) (111.6%) (114.1%) (107.6%) (117.5%)
Gross profit (4.2%) (11.6%) (14.1%) (7.6%) (17.5%)
Selling, general & administrative expenses (16.6%) (17.6%) (8.9%) (9.5%) (7.0%)
Operating profit (20.8%) (29.2%) (23.0%) (17.1%) (24.6%)
Finance cost (0.3%) (0.2%) (0.2%) (0.3%) (0.1%)
Profit before tax (19.7%) (14.2%) (20.6%) (14.0%) (79.3%)
Taxation 2.2% 1.8% 1.6% 0.9% (0.0%)
Profit after tax (17.5%) (12.3%) (19.1%) (13.1%) (79.3%)
Profit attributable to shareholders (17.5%) (12.3%) (19.1%) (13.1%) (79.3%)
Per share & other
EBITDA (5.8%) (14.6%) (11.6%) (2.6%) (9.4%)
Depreciation & amortisation 15.0% 14.6% 11.4% 14.6% 15.1%

Each line as a percentage of revenue.

Figures in Pakistani rupees as reported by the company; costs and cash outflows in brackets; "—" = not reported. * Figures in this period do not fully reconcile in the source data (hover the * for details). Updated 16 Oct 2026.

All reported line items 90
MSCL income statement — all reported line items (Rs mn)
Rs mn FY2026 Jul 2025 – Jun 2026 FY2025 Jul 2024 – Jun 2025 FY2024 Jul 2023 – Jun 2024 FY2023 Jul 2022 – Jun 2023 FY2022 Jul 2021 – Jun 2022
Revenue from Goods & Services 106.9 100.7 122.5 99.2 100.7
Sales of Goods & Services - Net - Unclassified 106.9 100.7 122.5 99.2 —
Revenue Taxes — — — — 17.4
Gross Revenue from Business Activities - Total — — — — 118.1
Revenue from Business Activities - Total 106.9 100.7 122.5 99.2 100.7
Cost of Operating Revenue 111.4 112.4 139.7 106.8 118.4
Cost of Revenues - Total 111.4 112.4 139.7 106.8 118.4
Cost of Revenues - Unclassified 95.5 97.9 125.9 92.5 103.3
Selling, General & Administrative Expenses - Total 17.8 17.7 11.0 9.4 7.1
Selling, General & Administrative Expenses - Unclassified 17.6 17.5 10.8 9.2 6.9
Depreciation in Cost of Revenues 15.9 14.5 13.8 14.3 15.0
Depreciation in Selling, General & Administrative Expenses 0.2 0.2 0.2 0.2 0.2
Gross Profit - Industrials/Property - Total (4.4) (11.7) (17.2) (7.6) (17.7)
Operating Expenses - Total 129.2 130.2 150.6 116.2 125.5
Operating Profit before Non-Recurring Income/(Expense) (22.2) (29.4) (28.2) (17.0) (24.7)
Financing Income/(Expense) - Net - Total (0.3) (0.2) (0.2) (0.3) (0.1)
Interest Expense - Net of (Interest Income) 0.3 0.2 0.2 0.3 0.1
Interest Expense - Net of Capitalized Interest 0.3 0.2 0.2 0.3 0.1
Other Non-Operating Income/(Expense) - Total 1.5 15.3 3.1 3.4 (55.0)
Normalized Pre-tax Profit (21.1) (14.3) (25.3) (13.9) (79.8)
Income before Taxes (21.1) (14.3) (25.3) (13.9) (79.8)
Income Taxes (2.4) (1.8) (1.9) (0.9) 0.0
Income Taxes - Deferred (2.4) (1.8) (1.9) (0.9) 0.0
Net Income after Tax (18.7) (12.4) (23.3) (13.0) (79.9)
Income before Discontinued Operations & Extraordinary Items (18.7) (12.4) (23.3) (13.0) (79.9)
Net Income before Minority Interest (18.7) (12.4) (23.3) (13.0) (79.9)
Net Income after Minority Interest (18.7) (12.4) (23.3) (13.0) (79.9)
Income Available to Common Shares (18.7) (12.4) (23.3) (13.0) (79.9)
Other Comprehensive Income - Starting Line — — — — —
Other Comprehensive Income - Net of Tax - Total — — — — —
Comprehensive Income before Minority Interest - Total — — — — —
Comprehensive Income - Attributable to Parent Company Equity Holders - Total — — — — —
DPS - Common - Gross - Issue - By Period End Date Rs 0.00 0.00 0.00 0.00 0.00
Net Income - Basic - including Extraordinary Items Applicable to Common - Total (18.7) (12.4) (23.3) (13.0) (79.9)
Income available to Common excluding Extraordinary Items (18.7) (12.4) (23.3) (13.0) (79.9)
Shares used to calculate Basic EPS - Total mn 31.0 31.0 31.0 31.0 31.0
EPS - Basic - including Extraordinary Items Applicable to Common - Total Rs (0.60) (0.40) (0.75) (0.42) (2.58)
EPS - Basic - excluding Extraordinary Items Applicable to Common - Total Rs (0.60) (0.40) (0.75) (0.42) (2.58)
EPS - Basic - excluding Extraordinary Items - Normalized - Total Rs (0.60) (0.40) (0.75) (0.42) (2.58)
Allocated Net Income including Extraordinary Items Applicable to Common - Issue Specific (18.7) (12.4) (23.3) (13.0) (79.9)
Earnings Allocation Factor - Basic - Issue Specific 1.00× 1.00× 1.00× 1.00× 1.00×
Shares used to calculate Basic EPS - Issue Specific mn 31.0 31.0 31.0 31.0 31.0
EPS - Basic - including Extraordinary Items Applicable to Common - Issue Specific Rs (0.60) (0.40) (0.75) (0.42) (2.58)
EPS - Basic - excluding Extraordinary Items Applicable to Common - Issue Specific Rs (0.60) (0.40) (0.75) (0.42) (2.58)
EPS - Basic - excluding Extraordinary Items - Normalized - Issue Specific Rs (0.60) (0.40) (0.75) (0.42) (2.58)
EPS - Basic from Discontinued Operations & Extraordinary Items Rs 0.00 0.00 0.00 0.00 0.00
Comprehensive Earnings Per Share - Basic - Issue Specific Rs — — — — —
Net Income - Diluted - including Extraordinary Items Applicable to Common - Total (18.7) (12.4) (23.3) (13.0) (79.9)
Diluted Income available to Common excluding Extraordinary Items (18.7) (12.4) (23.3) (13.0) (79.9)
Shares used to calculate Diluted EPS - Total mn 31.0 31.0 31.0 31.0 31.0
EPS - Diluted - including Extraordinary Items Applicable to Common - Total Rs (0.60) (0.40) (0.75) (0.42) (2.58)
EPS - Diluted - excluding Extraordinary Items Applicable to Common - Total Rs (0.60) (0.40) (0.75) (0.42) (2.58)
EPS - Diluted - excluding Extraordinary Items - Normalized - Total Rs (0.60) (0.40) (0.75) (0.42) (2.58)
Allocated Diluted Net Income including Extraordinary Items Applicable to Common - Issue Specific (18.7) (12.4) (23.3) (13.0) (79.9)
Earnings Allocation Factor - Diluted - Issue Specific 1.00× 1.00× 1.00× 1.00× 1.00×
Shares used to calculate Diluted EPS - Issue Specific mn 31.0 31.0 31.0 31.0 31.0
EPS - Diluted - including Extraordinary Items Applicable to Common - Issue Specific Rs (0.60) (0.40) (0.75) (0.42) (2.58)
EPS - Diluted - excluding Extraordinary Items Applicable to Common - Issue Specific Rs (0.60) (0.40) (0.75) (0.42) (2.58)
EPS - Diluted - excluding Extraordinary Items - Normalized - Issue Specific Rs (0.60) (0.40) (0.75) (0.42) (2.58)
EPS - Diluted from Discontinued Operations & Extraordinary Items Rs 0.00 0.00 0.00 0.00 0.00
Comprehensive Earnings Per Share - Diluted - Issue Specific Rs — — — — —
DPS - Common - Gross - Issue - By Announcement Date Rs 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
Earnings before Interest & Taxes (EBIT) (22.2) (29.4) (28.2) (17.0) (24.7)
Earnings before Interest, Taxes, Depreciation & Amortization (EBITDA) (6.2) (14.7) (14.2) (2.5) (9.5)
Depreciation & Amortization - Supplemental 16.1 14.7 14.0 14.4 1.6
Depreciation Expense - Total - Supplemental 16.1 14.7 14.0 14.4 1.6
Depreciation - Financial Lease Right-of-Use Assets - Supplemental 0.0 0.0 0.0 0.0 1.6
Depreciation, Depletion & Amortization - Total 16.1 14.7 14.0 14.4 15.2
Depreciation - Total 16.1 14.7 14.0 14.4 15.2
Normalized after Tax Profit (18.7) (12.4) (23.3) (13.0) (79.9)
Normalized Net Income from Continuing Operations (18.7) (12.4) (23.3) (13.0) (79.9)
Normalized Net Income - Bottom Line (18.7) (12.4) (23.3) (13.0) (79.9)
Earnings before Interest & Taxes (EBIT) - Normalized (20.8) (14.1) (25.1) (13.6) (79.8)
Earnings before Interest, Taxes, Depreciation & Amortization (EBITDA) - Normalized (4.7) 0.7 (11.1) 0.8 (64.6)
Depreciation of Financial Lease Right-of-Use Assets 0.0 0.0 0.0 0.0 1.6
Interest Expense 0.3 0.2 0.2 0.3 0.1
Operating Expenses 129.2 130.2 150.6 116.2 125.5
Selling, General & Administrative Expenses excluding Research & Development Expenses 17.8 17.7 11.0 9.4 7.1
Income before Taxes & Provision for Loan Losses (21.1) (14.3) (25.3) (13.9) (79.8)
Cost of Revenue including Operation & Maintenance (Utility) - Total 111.4 112.4 139.7 106.8 118.4
Cost of Revenues excluding Depreciation 95.5 97.9 125.9 92.5 103.3
DPS - Common - Gross - Issue - By Payable Date Rs 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
Tax Adjusted Operating Income — — — — —
Operating Expenses excluding Non-Cash Charges - Total 113.1 115.4 136.6 101.7 110.2
Income Available to Common Shares before Depreciation & Amortization (2.7) 2.3 (9.3) 1.4 (64.7)
Fixed Charges 0.3 0.2 0.2 0.3 0.1
Estimated Tax Rate 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

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