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International Industries Limited (IIL) remains resilient amid economic challenges, leveraging customized engineering solutions and cost-management strategies to sustain domestic growth while mitigating rising costs and market fluctuations, reports WealthPk. IIL’s focus on innovation and customer-driven strategies has reinforced its position as a dominant player in the domestic market.

Despite a 1.25% contraction in large-scale manufacturing between July and November 2024, the company’s specialized engineering solutions have effectively addressed the evolving demands of key sectors such as construction, energy, and infrastructure. This adaptability has translated into a stronger market presence in the second quarter of FY2025.

Furthermore, IIL has adopted a series of productivity initiatives and streamlined factory management practices to counter rising operational costs and fluctuations in global steel prices. These efforts have improved efficiency and minimized waste across its manufacturing facilities in Karachi and Sheikhupura, reinforcing the company’s commitment to cost optimization.

IIL successfully expanded its domestic sales volumes, demonstrating the effectiveness of its value-added services and strategic market positioning despite a year-on-year decline of 29% in overall sales revenue due to falling steel prices. However, a key milestone in this strategy was IIL’s robust cash management approach, which resulted in a 58% year-on-year reduction in financial charges.

The company has significantly strengthened its financial stability, positioning itself for sustainable growth amid economic challenges by cutting its bank debt by Rs3.8 billion. Despite facing challenges from declining steel prices and exchange losses on export sales, IIL remained profitable, reporting a net profit of Rs387 million for the half-year ending December 31, 2024.

Moreover, IIL has actively tackled industry challenges, including the misuse of sales tax exemptions in FATA/PATA regions and slow international demand, by strengthening its focus on the domestic market and leveraging its engineering capabilities. According to the financial report, Chairman Kamal A. Chinoy acknowledged the unwavering support of employees, customers, suppliers, and shareholders, emphasizing their role in the company’s resilience.

“Your dedication drives us to innovate and evolve,” he stated, reaffirming IIL’s commitment to financial stability and sustainable growth despite economic uncertainties. IIL remains optimistic about Pakistan’s improving economic landscape, supported by declining inflation, exchange rate stability, and an increase in foreign exchange reserves. Additionally, lower petroleum prices are expected to drive industrial activity.

IIL focuses on expanding its range of customized engineering solutions, enhancing operational efficiency through technology, and exploring export opportunities despite global trade challenges to capitalize on these favorable conditions. The company remains committed to driving industrial growth, creating value for stakeholders, and contributing to Pakistan’s manufacturing sector with a forward-thinking approach.

Credit: INP-WealthPk