Pak Aluminium Beverage Cans Ltd (PABC): Strong YoY growth led by improved sales & margins in 4QCY24; Under-perform - By JS Research

<p></p><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">We preview earnings for Pak Aluminium Beverage Cans Ltd (PABC) for 4QCY24, expecting the company to report an EPS of Rs3.71, down 22% QoQ due to the seasonality of demand for carbonated drinks.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">On a YoY basis, however, we expect the company to report strong earnings growth of 63%, mainly due to a low base from an extremely weak sales period, stable margins during the upcycle in aluminium prices, and a stable currency. Additionally, Improved working capital management and investments, along with the non-applicability of tax (versus turnover tax paid earlier), to further augment the bottom-line.</span></li></ul><ul><li><span style="font-family:Arial, Helv...