Karachi October 27, 2021: Aisha Steel limited (ASL) has scheduled its board meeting on Thursday, 28th October 2021 to announce its 1QFY22 financial result. We are expecting PAT of PKR2.4bn (EPS: PKR3.15), as compared to PAT PKR0.86bn (EPS: PKR0.86) in SPLY. For the 4QFY21 PAT of PKR1.6bn (EPS: PKR2.11) says Faisal Sajjad research analyst at Darson Securities.
Sales revenue is expected to enhance by (+76% YoY and +37% QoQ), attributed to high growth in sales and significant growth in CRC & HRC prices internationally (+54% & 56% YoY).
Gross margins expected to clock in at 19% for 1QFY22 due to high growth in sales and significant increase in CRC/GI prices. For the 4QFY21 the GM’s are hovering around 20%.
Surge in CRC prices is due to an increase in HRC prices internationally (average USD887/ton). Further the spread between HRC-CRC on average was USD108.7/ton in recent quarter.
Finance Cost is expected to decrease immensely by 47% YoY to PKR0.23bn from PKR0.44bn this take profit before tax to PKR3.4bn in 1Q.
Darson expects that the company other income will increase by 18.10x to PKR232mn in 1QFY22 as compare to last year. For 4Q the other income is PKR443mn.
