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>Systems Limited (SYS) announced its 2Q2025 result wherein it posted a consolidated PAT of Rs2.7bn (EPS of Rs1.8) up by 59% YoY and by 6% QoQ.</li><li>Earnings are up by 59% YoY primarily due to increase in gross margins from 22.5% to 25.4% in 2Q2025.</li><li>Gross margins for 2Q2025 have primarily increased as cost pressures have largely subsided amid muted inflation and currency depreciation.</li></ul>

Systems Limited (SYS) announced its 2Q2025 result wherein it posted a consolidated PAT of Rs2.7bn (EPS of Rs1.8) up by 59% YoY and by 6% QoQ.Earnings are up by 59% YoY primarily due to increase in gross margins from 22.5% to 25.4% in 2Q2025.Gross margins for 2Q2025 have primarily increased as cost pressures have largely subsided amid muted inflation and currency depreciation.

Systems Limited (SYS): 2Q2025 EPS At Rs1.8, Up By 59% YoY