International Steels Limited (ISL): 4QFY25 Result Review – By Taurus Research

<ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">4QFY25 &ndash; EPS: PKR 1.4; PAT: ~PKR608Mn, up 46% QoQ.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">ISL&rsquo;s net sales clocked-in at PKR 16.6Bn in 4QFY25, up 20%QoQ mainly on the back of increase in auto sales by 15%QoQ. Although, construction sales declined due to lower demand and Eid Holidays effect. Given the current situation, we expect ISL to focus largely on sales to the Automobile sector amid drastic decline in interest cuts which may improve auto finance and increase consumer purchasing power. Gross margins hovered at 11% in 4QFY25, up 2pptsQoQ. Net earnings arrived at PKR 608Mn in 4QFY25, up significantly by 46%QoQ on the back on improved sales volume, improved margins, decline in finan...