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>Engro Holdings (ENGROH) announced its 2Q2026 result today, reporting a profit attributable to equity owners of Rs9.0bn (EPS of Rs7.45) vs. Rs29.8bn (EPS of Rs24.71) in 2Q2025.</li>
<li>The result came below our expectation mainly due to higher-than-expected admin cost and effective tax rate (ETR).</li>
<li>We maintain a Buy stance on ENGROH, with the stock currently trading at a 2026E and 2027F P/E of 6.4x and 5.3x, respectively.</li>
</ul>


Engro Holdings (ENGROH) announced its 2Q2026 result today, reporting a profit attributable to equity owners of Rs9.0bn (EPS of Rs7.45) vs. Rs29.8bn (EPS of Rs24.71) in 2Q2025.
The result came below our expectation mainly due to higher-than-expected admin cost and effective tax rate (ETR).
We maintain a Buy stance on ENGROH, with the stock currently trading at a 2026E and 2027F P/E of 6.4x and 5.3x, respectively.


Engro Holdings (ENGROH): 2Q2026 EPS at Rs7.45, Down 70% YoY and 7% QoQ

Engro Corporation

Engro Holdings (ENGROH): 2Q2026 EPS at Rs7.45, Down 70% YoY and 7% QoQ