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>Searle Company (SEARL) announced its 1QFY26 result today, where the company recorded unconsolidated profit of Rs854mn (EPS of Rs1.45) vs. profit of Rs301mn in 1QFY25, up by 2.8x YoY and 5.2x mainly led by higher sales growth. Earning is higher than our expectation due to higher than estimated sales.</li><li>Along with the results, company has not announced any payout as per our expectation.</li><li>Net sales of the company increased by 28% YoY and 51% QoQ to Rs8.6bn in 1QFY26, exceeding our expectation of Rs7.0 bn. According to our channel checks, the sales increase was driven by both higher prices and volumes. In the previous quarter, volumetric sales were impacted by supply constraints, which have since been resolved.</li></ul>

Searle Company (SEARL) announced its 1QFY26 result today, where the company recorded unconsolidated profit of Rs854mn (EPS of Rs1.45) vs. profit of Rs301mn in 1QFY25, up by 2.8x YoY and 5.2x mainly led by higher sales growth. Earning is higher than our expectation due to higher than estimated sales.Along with the results, company has not announced any payout as per our expectation.Net sales of the company increased by 28% YoY and 51% QoQ to Rs8.6bn in 1QFY26, exceeding our expectation of Rs7.0 bn. According to our channel checks, the sales increase was driven by both higher prices and volumes. In the previous quarter, volumetric sales were impacted by supply constraints, which have since been resolved.

The Searle Company Ltd (SEARL): 1QFY26 EPS at Rs1.45 (Earnings Higher Than Expectations)