Nishat Mills Limited (NML): 2QFY24 EPS clocked in at PKR9.10 – Above expectation - By Insight Research

<p></p><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">NML has announced its 2QFY25 result, wherein the company has posted unconsolidated PAT of PKR3.2bn (EPS: PKR9.10) vs. PKR1.1bn (EPS: PKR3.09) in SPLY, up by ~3x YoY. The result is above our expectation due to higher-than-expected gross margin and higher other income.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">In 2QFY25, company&rsquo;s topline clocked in at PKR46.0bn compared to PKR37.0bn in SPLY, up by 24%/6% YoY/QoQ. The increase in revenue is possibly attributable to higher volumetric sales.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">In dollarize terms, company&rsquo;s revenue clocked in at US$165.0mn in 2QFY25 vs. US$130.4mn in SPLY, up...