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 highest ever quarterly profit of Rs6.2bn (EPS of Rs103.05), significantly exceeding industry expectations.</li><li>The company reported a substantial improvement in gross margins, reaching 32.6% in 3QFY25, driven by increased sales volumes.</li><li>Sazgar Engineering announced an upward revision in the investment amount for its four-wheeler expansion, alongside a dividend of Rs12/share for 3QFY25.</li></ul>

SAZEW announced its highest ever quarterly profit of Rs6.2bn (EPS of Rs103.05), significantly exceeding industry expectations.The company reported a substantial improvement in gross margins, reaching 32.6% in 3QFY25, driven by increased sales volumes.Sazgar Engineering announced an upward revision in the investment amount for its four-wheeler expansion, alongside a dividend of Rs12/share for 3QFY25.

Sazgar Engineering (SAZEW): 3QFY25 EPS at Rs103.05 - higher than expectations