Tariq glass limited (TGL): FY23 Corporate Analyst Briefing key takeaways – By JS Research

<p></p><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Tariq Glass Industries Limited (TGL) conducted its corporate briefing today to discuss the FY23 results and outlook. To recall, TGL announced 4QFY23 EPS of Rs1.91, reflecting a 11% YoY increase, taking FY23 EPS to Rs14.63, down 39% YoY. The company also announced dividend of Rs6.0/share during the year. We present key takeaways from the briefing session.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">TGL reported a 39% YoY decline in earnings during FY23 due to immense pressure on sales volume and margins, rise in financial charges and effective tax rate. TGL reported 35% YoY decline in its packed glass production to 195k tons. The company cited overall slow-down in construction &amp; economic a...