Sazgar Engineering Works Limited (SAZEW PA) reported profitability of PKR 6.2Bn (EPS PKR 103.1), up
134/159% YoY/QoQ in 3QFY25. This takes 9MFY25 bottom-line to PKR 12.9Bn (EPS PKR 212.7), up 215% YoY.
Results is higher than our expectation of PKR 89.2/sh due to higher than anticipated gross margin.The result is accompanied with an interim cash dividend of PKR 12.0/sh in 3QFY25, pulling 9MFY25 pay-out
to PKR 32.0/sh. The dividend is lower than our expectation of 18.0/sh given ...
Sazgar Engineering Works Limited (SAZEW) announced 3QFY25 results today
wherein the company posted record net earnings of Rs6.2bn (EPS Rs103.1),
2.6xQoQ higher than our expectations.The earnings growth was driven primarily by robust gross margins and higher
sales of Haval SUVs during the 3QFY25.SAZEW declared cash dividend of Rs12 per share for 2QFY25, taking the
cumulative dividend payout for 9MFY25 to Rs32 per share.
SAZEW has announced its 3QFY25 result, wherein company has posted PAT
of PKR6.2bn (EPS: PKR103.06) vs. PAT of PKR3.0bn (EPS: PKR50.19) in SPLY.
The result is above our expectation mainly due to higher than estimated
topline and gross margins.During 3QFY25, revenue witnessed an increase of ~83%/100% YoY/QoQ to
clock in at PKR36.7bn, primarily due to higher volumetric sales.Gross margins increased by ~360bps/420bps YoY/QoQ to clock in at
~32.6% in 3QFY25, possibly attributable ...