Lahore: The Pakistan Credit Rating Agency (PACRA) has maintained the entity ratings of Jamal Pipe Industries (Pvt.) Limited, highlighting the company's strong market presence and financial health. The family-operated business, with over 40 years of experience in manufacturing pipes and allied products, has shown notable resilience in a challenging economic environment.

Jamal Pipe Industries, known for its diversified product portfolio including black and galvanized line pipes, poles, and guardrails, has reported significant revenue growth despite sector-wide challenges such as exchange rate volatility and high raw material prices. In the first half of the fiscal year 2025, the company recorded sales revenue of approximately PKR 2,052 million, a 29% increase from the previous year.

The improved financial performance is attributed to easing import restrictions, which allowed the company to secure raw materials at more favorable prices. This led to a rise in gross, operating, and net profit margins. The company's capital structure remains conservative, with no long-term debt, and is fully supported by short-term financing for working capital needs.

PACRA has revised the company's outlook to "Positive," reflecting confidence in Jamal Pipe Industries' continued growth and stability. The company's strategy of maintaining a debt-free long-term capital structure and its strong relationships with key corporate clients have contributed to its robust order book, even as the broader industry faces economic slowdowns.

The ratings underscore Jamal Pipe Industries' adequate market presence within a highly fragmented industry and its efficient financial management, ensuring the company remains well-positioned for future opportunities.