Tariq glass limited (TGL) : FY23 Corporate Briefing - Key Takeaways – By Insight Research

<p></p><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Tariq glass limited held its analyst briefing to comment on its financial result of FY23 and to shed some light on company&rsquo;s future outlook. Major highlights of the session are given below:</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">To recall, TGL has posted topline of ~PKR28.42bn in FY23, down by 3% as compared to SPLY. Whereas PAT stood at PKR2.5bn (EPS: PKR14.63) vs. PKR4.1bn (EPS: PKR24.05) amid decline in demand coupled with elevated cost of raw material and power &amp; fuel costs.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">TGL holds capacity of 400TPD, 1050TPD and 70TPD for tableware, float-glass and container, respectively. Out...