Mughal Iron & Steel Industries Limited reported earnings results for the third quarter and nine months ended March 31, 2023. For the third quarter, the company reported sales was PKR 17,238.68 million compared to PKR 15,139.44 million a year ago. Net income was PKR 1,304.93 million compared to PKR 839.04 million a year ago. Basic earnings per share from continuing operations was PKR 3.89 compared to PKR 2.5 a year ago.
For the nine months, sales was PKR 48,479.32 million compared to PKR 47,221.43 million a year ago. Net income was PKR 2,647.5 million compared to PKR 4,370 million a year ago. Basic earnings per share from continuing operations was PKR 7.89 compared to PKR 13.02 a year ago.