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>Interloop Limited (ILP) announced its 3QFY24 result today, where the company recorded an unconsolidated earnings of Rs4.1bn (EPS of Rs2.95).</li><li>This takes 9MFY24 earnings to Rs13.2bn (EPS of Rs9.39) down 7% YoY as compared to 9MFY23 profit of Rs14.2bn (EPS of Rs10.11).</li><li>The earnings came higher than expectations for 3QFY24 due to higher than expected Gross Margins. Gross Margins for 3QFY24 stood at 29.1% against 27.6% in 2QFY24. Gross Margins were expected to decline due to the capitalization of the apparel plant project along with PKR appreciation, which was expected to impact margins negatively.</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

Interloop Limited (ILP) announced its 3QFY24 result today, where the company recorded an unconsolidated earnings of Rs4.1bn (EPS of Rs2.95).This takes 9MFY24 earnings to Rs13.2bn (EPS of Rs9.39) down 7% YoY as compared to 9MFY23 profit of Rs14.2bn (EPS of Rs10.11).The earnings came higher than expectations for 3QFY24 due to higher than expected Gross Margins. Gross Margins for 3QFY24 stood at 29.1% against 27.6% in 2QFY24. Gross Margins were expected to decline due to the capitalization of the apparel plant project along with PKR appreciation, which was expected to impact margins negatively.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Interloop Limited (ILP): 3QFY24 EPS at Rs.2.95 Vs EPS Rs. 6.84 in 3QFY23