External broker reports(aggregated public sources), Topline Securities

Topline Securities

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External broker reports(aggregated public sources)

Equity Bottom-Up

International Steels Ltd / Equity Bottom-Up

<ul><li>ISL announced its 3QFY25 result with earnings of Rs417mn (EPS of Rs0.96), down by 41% YoY while up by 18% QoQ.</li><li>The result fell below expectations due to lower-than-expected Net Sales, with flat steel volumes impacted by higher dumping from FATA/PATA region.</li><li>Net Revenue decreased by 15% YoY and 24% QoQ to Rs13.8bn in 3QFY25 due to lower average selling prices.</li></ul>

ISL announced its 3QFY25 result with earnings of Rs417mn (EPS of Rs0.96), down by 41% YoY while up by 18% QoQ.The result fell below expectations due to lower-than-expected Net Sales, with flat steel volumes impacted by higher dumping from FATA/PATA region.Net Revenue decreased by 15% YoY and 24% QoQ to Rs13.8bn in 3QFY25 due to lower average selling prices.

International Steels (ISL): 3QFY25 EPS at Rs0.96, down by 41% YoY (Earnings lower than expectations)