Nishat Mills Ltd. (NML): 2QFY25 Result Review Earnings surge on higher prices and other income - By AKD Research

<p></p><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Nishat Mills Ltd. (NML) announced its 2QFY25 results, reporting standalone earnings of PkR3.2bn (EPS: PkR9.1), up 2.9xYoY from PkR1.1bn (EPS: PkR3.1) in SPLY. The results exceeded expectations due to higher-than-anticipated sales and gross margins.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Revenue increased 24%YoY to PkR46.0bn, compared to PkR36.9bn in SPLY, attributed to higher export volumes and prices. Notably, readymade garment export prices rose 26%YoY during 2Q, as per PBS.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Gross margins improved to 12.6% vs. 11.8% in SPLY, supported by higher export prices and lower power cost due to declinin...