External broker reports(aggregated public sources), Topline Securities

Topline Securities

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External broker reports(aggregated public sources)

Equity Bottom-Up

Air Link Communication / Equity Bottom-Up

<ul><li>Air Link Communication (AIRLINK) announced its 1QFY25 result today, where the company recorded consolidated earnings of Rs842mn (EPS of Rs2.1), up 7% YoY while down 46% QoQ.</li><li>This result came lower than industry expectations due to lower-than-expected sales.</li><li>Net sales clocked in at Rs22bn, down 12% YoY and 40% QoQ. The decline in sales is primarily due to (1) lower inventory levels amid pre buying in June 2024, driven by the imposition of an 18% GST on all mobiles in FY25 budget, and (2) seasonal Muharram days (falling in July 2024), during which sales usually slow down.</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

Air Link Communication (AIRLINK) announced its 1QFY25 result today, where the company recorded consolidated earnings of Rs842mn (EPS of Rs2.1), up 7% YoY while down 46% QoQ.This result came lower than industry expectations due to lower-than-expected sales.Net sales clocked in at Rs22bn, down 12% YoY and 40% QoQ. The decline in sales is primarily due to (1) lower inventory levels amid pre buying in June 2024, driven by the imposition of an 18% GST on all mobiles in FY25 budget, and (2) seasonal Muharram days (falling in July 2024), during which sales usually slow down.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

エアリンク・コミュニケーション（AIRLINK）：2025年度第1四半期EPSは2.1ルピー、前年比7%増 - 「買い」スタンスを維持