Engro Fertilizers Limited (EFERT): 1QCY23 Result Preview – By Darson Research

<p></p><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">EFERT is scheduled to have its board meeting on 14th April 2023 for the 1QCY23 result, where we expect the company to report PAT of PKR3.99bn (EPS: PKR2.99) a decline of 28% YoY as compared to PKR5.51bn (EPS: PKR4.13) in the SPLY. Despite a hike in urea bag prices and recovery in sales volume, an increase in production cost, indirect costs, and a significant hike in finance costs are expected to hammer down the bottom line of the company</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Revenue is anticipated to jump by 10% YoY after hiking Urea &amp; DAP bag prices. Urea offtakes are expected to remain flat YoY whereas imported sales are expected to decline by 22% YoY.</span></li></ul><ul><li><span...