Interloop Limited (ILP): 2QFY24 EPS arrived at PKR 2.13, PAT up ~8.9xYoY – By Taurus Research
<p></p><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Board Meeting: February 20, 2024.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">2QFY24 – EPS: PKR 2.13, PAT: ~PKR 2.98Bn, up ~8.9x over the
SPLY.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">During 2QFY24, sales revenue arrived at ~PKR 35.3Bn, down
8%QoQ/up 57%YoY. On sequential basis, decline is attributable to lower exports
and local sales. Likewise, gross margin hovered at ~28%, up ~12pptsYoY, while
slightly lower on a quarterly basis, down ~6ppts in 2QFY24, owing to higher
cost of production. Furthermore, finance cost arrived at ~PKR 2.6Bn, up 18%QoQ/
84%YoY due to increased short term borrowings and higher interest rates.</span></li><...
