$AGHA Agha Steel Industries Limited (AGHA): 1QFY26 Result Review – By Taurus Research
$AGHA
Agha Steel Ind.Ltd
Rs. 7.70
-1.41%
- 1QFY26 LPS: PKR 1.9; LAT: PKR 1.2Bn, down 43%QoQ – lower loss than expected.
- AGHA’s net sales arrived at ~PKR 2.2Bn, down 17%QoQ due to lower construction demand; resulting in a decline of sales volume i.e. mainly in the South region. Gross loss hovered at 15% in 1QFY26, down 16ppts compared to the previous quarter. Albeit, higher cost of production and lower capacity utilization will keep the margins under pressure, going forward. Further, selling and admin expenses went up significantly by 3.0xQoQ and 29%QoQ in 1QFY26. Moreover, finance cost arrived at PKR 731Mn in 1QFY26, down 4%QoQ due to lower interest rates during the period. 1QFY26 LAT clocked-in at PKR 1.2Bn, down significantly by 43%QoQ. Lastly, the Company posted LPS of PKR 1.9 during the quarter.