Nishat Mills Limited (NML): 3QFY24 LPS arrived at PKR 0.81, down 1.1xYoY – By Taurus Research
<p></p><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Board Meeting: April 29, 2024</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">3QFY24: – LPS: PKR 0.81, LAT: ~PKR 286Mn, down ~1.1x over
the SPLY.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">For the 3QFY24, NML’s revenue clocked-in at ~PKR 43.3Bn up
17%YoY/QoQ, primarily due to increased sale prices and volumes on account of
Ramadan and Eid, as 40% of the total revenue comes from local sales.
Additionally, other income declined by 30%YoY/ 8%QoQ. However, taxes surged to
47%YoY/6%QoQ, likely due to turnover tax, we believe.</span></li></ul><p></p>
