External broker reports(aggregated public sources), Topline Securities

Topline Securities

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External broker reports(aggregated public sources)

Equity Bottom-Up

Maple Leaf Cement Factory / Equity Bottom-Up

<ul><li>MLCF announced its 2QFY26 result today, where the company recorded consolidated earnings of ~Rs 3.12bn (EPS of Rs2.98), down by 17% YoY but up by 14% QoQ.</li><li>In 1HFY26, MLCF earnings increased by 15% YoY to Rs5.85bn, translating into EPS of Rs5.58.</li><li>Company recorded gross margins of 34.7% in 2QFY26 compared to 33.9% in 1QFY26 and 39.8% in 2QFY25. Gross margins in 1HFY26 stood at 34.3% compared to 36.1% in 1HFY25.</li></ul>

MLCF announced its 2QFY26 result today, where the company recorded consolidated earnings of ~Rs 3.12bn (EPS of Rs2.98), down by 17% YoY but up by 14% QoQ.In 1HFY26, MLCF earnings increased by 15% YoY to Rs5.85bn, translating into EPS of Rs5.58.Company recorded gross margins of 34.7% in 2QFY26 compared to 33.9% in 1QFY26 and 39.8% in 2QFY25. Gross margins in 1HFY26 stood at 34.3% compared to 36.1% in 1HFY25.

Maple Leaf Cement (MLCF): 2QFY26 EPS At Rs2.98, 1HFY26 EPS At Rs5.58 (Earnings In Line With Expectations)