Interloop Limited (ILP): 2QFY25 EPS clocked-in at Rs0.82, down 61% YoY - By Foundation Research

<p></p><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Interloop Limited (ILP PA) PAT clocked-in at Rs1.2bn (EPS Rs0.82, down/up 61%/5.2x YoY/QoQ) in 2QFY25 as compared to Rs3.0bn (EPS Rs2.13) in 2QFY24. This cumulated into 1HFY25 EPS of Rs0.98 as against Rs6.44 during 1HFY24.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Sales of the company rose 20% YoY (up 2% QoQ) in 2QFY25. We believe this is due to an increase in output despite avg. Rs-US$ appreciating 1.9% YoY during 2QFY25.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Gross Margins declined 7.4ppt YoY during 2Q driven by 54% YoY increase in gas prices to Rs3,000/mmb.</span></li></ul>