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Nishat Chunian Limited (NCL): 3QFY23 EPS clocked in at PKR1.62 – Above expectation – By Insight Research

  • By: Insight Securities (Private) Limited

  • - Published: Friday, 28 April 2023
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<p></p><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">NCL has announced its 3QFY23 result where the company has posted PAT of PKR0.38bn (EPS: PKR1.62) vs. PAT of PKR2.0bn (EPS: PKR8.49) in SPLY. The result came above our expectation where major deviation comes from higher than expected topline and improved gross margins.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">During 3QFY23, company&rsquo;s topline increased by 8% YoY to clock in at PKR 17.41bn, mainly attributable to PKR devaluation. On QoQ basis, revenues increased by 21% amid better volumetric sales and depreciation of PKR against USD.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">In dollar terms, company&rsquo;s revenue clocked in at US$66...

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