External broker reports(aggregated public sources), Topline Securities

Topline Securities

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External broker reports(aggregated public sources)

Equity Bottom-Up

Air Link Communication / Equity Bottom-Up

<ul><li>Air Link Communication (AIRLINK) reported a 22% YoY growth in consolidated earnings to Rs4.79/share in 4QFY25. This takes FY25 earnings to Rs12.01/share, up 3% YoY.</li><li>This higher-than-expected result was mainly led by reversals in administrative and other expenses, as certain items previously recorded under this head were reclassified as cost of sales, as per our channel checks.</li><li>The company posted net sales of Rs18.8bn in 4QFY25, down 49% YoY and 33% QoQ. This decline stemmed from supply chain disruptions amid regional conflicts, which adversely impacted sales volumes.</li></ul>

Air Link Communication (AIRLINK) reported a 22% YoY growth in consolidated earnings to Rs4.79/share in 4QFY25. This takes FY25 earnings to Rs12.01/share, up 3% YoY.This higher-than-expected result was mainly led by reversals in administrative and other expenses, as certain items previously recorded under this head were reclassified as cost of sales, as per our channel checks.The company posted net sales of Rs18.8bn in 4QFY25, down 49% YoY and 33% QoQ. This decline stemmed from supply chain disruptions amid regional conflicts, which adversely impacted sales volumes.

Air Link Communication (AIRLINK): 4QFY25 EPS at Rs4.79, Up 22% YoY and 3.5x QoQ - Higher Than Expectations