- Interloop Limited (ILP) is expected to announce its 3FY24 results on 30-Apr-24. We expect the company to post net earnings of Rs0.93/share for the period compared to Rs6.84/share in 3QFY23.
- We highlight, absence of windfall exchange gain on receivables is expected to result in YoY decline in ILP’s earnings this quarter. We expect ILP to report exchange loss of ~Rs500mn during 3QFY24 compared to exchange gain of Rs5.4bn in 3QFY23. Recall, PKR/US$ witnessed 25% QoQ depreciation during 3QFY24 compared to 1% QoQ appreciation recorded during the current quarter. Excluding the impact of this, we expect 35% YoY jump in revenues.
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