Interloop Limited (ILP): Interloop recorded highest ever profit and sales in FY23 – By Topline Research

<p></p><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Interloop Limited (ILP) reported 4QFY23 earnings of Rs6bn (EPS of Rs4.3) up 12% YoY. The result came higher than industry expectations due to higher than expected gross margins.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">In FY23, ILP recorded highest ever earnings of Rs20bn (EPS of Rs14.4) up 63% YoY.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">We expect gross margins of 27% for 4QFY23 however actual gross margins clocked in at 33%. This is mainly due to higher prices of hosiery segment and the exchange gain, we believe. Gross margins for full year FY23 clocked in at 33%</span></li></ul><p></p>