<p></p><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">We preview earnings estimates for Mughal Iron and Steel Ltd. (MUGHAL) and Amreli Steels Ltd. (ASTL), where we expect
financial performance of both the companies to remain under pressure during 4QFY25 majorly led by demand slowdown.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">We expect MUGHAL to post earnings of Rs321mn, translating in to an EPS of Rs0.96 in 4QFY25, down 47%YoY which is
also attributable to lower contribution from margin accretive non-ferrous segment. Cumulatively, EPS is estimated at Rs2.31
(-61%YoY) during FY25. We do not expect the company to announce any cash dividend.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">ASTL’s ...
