External broker reports(aggregated public sources), Topline Securities

Topline Securities

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External broker reports(aggregated public sources)

Equity Bottom-Up

<ul><li>DGKC announced its 3QFY25 result today, recording unconsolidated earnings of Rs1.99bn (EPS of Rs4.56), an increase of 69% YoY.</li><li>The result exceeded expectations due to higher-than-expected gross margins and lower finance costs.</li><li>No cash dividend was announced, which aligned with industry expectations, and gross margins improved to 26.0% in 3QFY25.</li></ul>

DGKC announced its 3QFY25 result today, recording unconsolidated earnings of Rs1.99bn (EPS of Rs4.56), an increase of 69% YoY.The result exceeded expectations due to higher-than-expected gross margins and lower finance costs.No cash dividend was announced, which aligned with industry expectations, and gross margins improved to 26.0% in 3QFY25.

D.G. Khan Cement (DGKC): 3QFY25 EPS at Rs4.56 (+69% YoY) (Earnings Higher than Expectations)