Earnings Report /

Amreli Steel: 4QFY22 review – Lower volumes and margins dragged to losses

  • ASTL posted a loss of PKR509mn (LPS: PKR1.71) for 4QFY22, down from a NPAT of PKR531mn (EPS: PKR1.79) last quarter.

  • Deviation stemming from a variance in volumetric sales, PKR devaluation affected scrap costs, and FCA.

  • Scrap costs have jumped c.9% QoQ to USD600/ton during 4Q, further aggravated by PKR devaluation of c.10%

Ali Aziz Soorty
Intermarket Securities
19 August 2022


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