Amreli Steels Limited (ASTL): 3QFY25 LPS clocked-in at PKR 3.3; LAT of ~PKR 986Mn - By Taurus Research

<p></p><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">3QFY25 LPS: PKR 3.3; LAT: PKR 986Mn, up 12%QoQ</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">ASTL&rsquo;s topline clocked-in at ~PKR 4.1Bn, down 10%QoQ due to drop in long steel volumes amid lower construction demand, Ramadan and Eid Holidays effect. Moreover, lower demand still persists in the long steel segment due to higher construction material cost, higher taxes along with persistent lower capacity utilization. Gross margin hovered at ~2% during 3QFY25. LAT arrived at PKR 986Mn, up 12%QoQ.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Note: The Company has extended the suspension of its SITE Rolling Mill to six months i.e. until Sep&rsquo;25. T...