External broker reports(aggregated public sources), Topline Securities

Topline Securities

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External broker reports(aggregated public sources)

Equity Bottom-Up

Sazgar Engineering Works Limited / Equity Bottom-Up

Sazgar Engineering Works Limited (SAZEW PK)

<ul><li>SAZEW announced its 2QFY26 result, wherein the company recorded profit of Rs4bn (EPS of Rs66.55), up 67% YoY while down 9% QoQ.</li><li>The result came lower than industry expectations due to lower-than-expected net sales and higher than expected distribution and marketing expenses.</li><li>This takes 1HFY26 profit to Rs8.4bn (EPS of Rs139.62) up 27% YoY.</li></ul>

SAZEW announced its 2QFY26 result, wherein the company recorded profit of Rs4bn (EPS of Rs66.55), up 67% YoY while down 9% QoQ.The result came lower than industry expectations due to lower-than-expected net sales and higher than expected distribution and marketing expenses.This takes 1HFY26 profit to Rs8.4bn (EPS of Rs139.62) up 27% YoY.

Sazgar Engineering (SAZEW): 2QFY26 EPS At Rs66.55, Up 67% YoY But Down 9% QoQ – Lower Than Expectations