Tariq Glass Industries Limited (TGL): 4QFY23 EPS clocked in at PKR1.90 – By Insight Research

<p></p><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">TGL has posted its 4QFY23 result, where company has recorded PAT of PKR328mn (EPS: PKR1.90) vs. PAT of PKR295mn (EPS: PKR1.71) in SPLY.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">During FY23 company&rsquo;s topline decreased by 3% YoY to clock in at PKR28.4bn, possibly owing to muted volumes. Similarly, revenue witnessed a decline of 17%/16% YoY/QoQ in 4QFY23 to clock in at PKR6.6bn.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">In 4QFY23, gross margins clocked in at ~23% compared to ~16% in SPLY posting an uptick of 7ppts possibly attributable to better product prices. Similarly, on QoQ basis, margins witnessed an uptick of 2ppts.</span></li><...