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>Pakistan Petroleum Limited (PPL) reported its 2QFY26 results, posting earnings of Rs20.3bn (EPS: Rs7.44), down 26% YoY while remaining largely flat on a QoQ basis (up 1%). The YoY decline is primarily driven by lower hydrocarbon production and weaker oil prices.</li><li>This brings 1HFY26 earnings to Rs40.4bn (EPS: 14.84), reflecting a 21% YoY decline.</li><li>The company reported net sales of Rs61.2bn, up 1% YoY and 8% QoQ. The QoQ growth is attributable to a slight recovery in oil and gas volumes.</li></ul>

Pakistan Petroleum Limited (PPL) reported its 2QFY26 results, posting earnings of Rs20.3bn (EPS: Rs7.44), down 26% YoY while remaining largely flat on a QoQ basis (up 1%). The YoY decline is primarily driven by lower hydrocarbon production and weaker oil prices.This brings 1HFY26 earnings to Rs40.4bn (EPS: 14.84), reflecting a 21% YoY decline.The company reported net sales of Rs61.2bn, up 1% YoY and 8% QoQ. The QoQ growth is attributable to a slight recovery in oil and gas volumes.

パキスタン石油公社（PPL）：2026年度第2四半期のEPSは前年比26%減の7.44ルピー、予想通り