Interloop Limited (ILP): FY23 diluted EPS expected at Rs13.9 – By Sherman Research

<p></p><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Interloop Limited (ILP) is expected to announce its FY23 financial results on September 07, 2023. We expect ILP to post net earnings of Rs5.4bn (EPS Rs3.8) in 4QFY23 down by 44%QoQ. Moreover, the company may announce final cash dividend of Rs2 per share which will translate into total payout to Rs5 per share during FY23.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Despite global slowdown, company&rsquo;s revenue to be recorded at Rs33.5bn, up by 7.6%QoQ. This is primarily due to average 9.5%QoQ Pak rupee devaluation against the US dollar as company&rsquo;s total exports constitutes more than 90% of the total revenue. We are expecting volumetric sales to be remain stagnant in 4QFY23.</span></l...