Interloop Limited (ILP): Result Review: ILP 3QFY24 EPS Rs2.95 – By Sherman Research

<p></p><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Interloop Limited (ILP) announced 3QFY24 results where in the company posted net earnings of Rs4.1bn (EPS of Rs2.95) as compared to net earnings of Rs9.6bn(EPS of 6.84) during the same period last years. The result is in-line with our expectation.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">During 3QFY24, the company&rsquo;s topline surged by 25%YoY to Rs39bn mainly due to rupee devaluation along with the higher global demand during the period.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">The company&rsquo;s gross margin clocked in at 29% as compared to 47% during the same period last year, down by 18pptYoY. The decline in margin is mainly at...