Interloop Limited (ILP): 2QFY24 EPS to clock in at Rs3.72 – 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 2QFY24 financial results on February 20, 2023. We expect ILP to post net earnings of Rs5.2bn (EPS Rs3.7) in 2QFY24 as compared to loss of Rs375mn (LPS 0.3) during same period last year. Moreover, the company may announce interim cash dividend of Rs2.5 per share.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">We expect topline of the company to reach at Rs36.7bn(up by 64%YoY) mainly due to average 21%YoY Pak rupee devaluation against the US dollar as more than 90% of the ILP&rsquo;s revenue is dollarized. Moreover, company&rsquo;s volumetric sales is expected to grow by impressive 20% which will further support topline. Improvement in volumetric...