International Steels Limited (ISL): 2QFY25 EPS clocked-in at Rs0.82 amid lackluster gross margins - By Foundation Research

<p></p><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">International Steels Limited (ISL PA) profitability clocked-in at Rs355mn (EPS Rs0.82) in 2QFY25, &darr;/&uarr; 71/98% YoY/QoQ, as compared to profit of Rs179mn (EPS Rs0.41) in 1QFY25. This takes 1HFY25 bottom line to Rs534mn (EPS Rs1.23), recording a decline of 41% YoY. ISL did not announce an interim dividend.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Company&rsquo;s profitability decreased in 2Q on a YoY basis due to (1) CRC/HDGC/CCC sales mix, (2) lower than expected retention in export prices, and (3) higher effective tax rate.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">ISL&rsquo;s revenue declined 11% YoY in 2QFY25, however, on a sequen...