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 4QFY24 result today, where the company recorded earnings of Rs597mn (EPS of Rs1.37), down by 69% YoY.</li><li>The result came below expectations in 4QFY24 due to lower Net Revenue and lower gross margins.</li><li>Alongside the result, the company announced final cash dividend of Rs3.0/share in 4QFY24, which was in line with industry expectations. This takes FY24 dividend to Rs5.5/share.</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

ISL announced its 4QFY24 result today, where the company recorded earnings of Rs597mn (EPS of Rs1.37), down by 69% YoY.The result came below expectations in 4QFY24 due to lower Net Revenue and lower gross margins.Alongside the result, the company announced final cash dividend of Rs3.0/share in 4QFY24, which was in line with industry expectations. This takes FY24 dividend to Rs5.5/share.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

International Steels (ISL): 4QFY24 EPS at Rs1.37, FY24 EPS at Rs8.40 (Earnings below expectations)