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Tariq glass limited (TGL): 1QFY24 Analyst Briefing Takeaways – By AKD Research

  • By: AKD Securities Limited

  • - Published: Friday, 27 October 2023
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<p></p><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">TGL&rsquo;s earnings for 1QFY24 clocked in at PkR759mn (EPS: PkR4.41/sh), reflecting an increase of 115%YoY (EPS in 1QFY23: PkR2.05/sh). Topline for the company during 1QFY24 stood at PkR6.9bn, registering an increase of 7.5%YoY. Today, TGL organized its corporate briefing session where the following points were discussed:</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Company has established a 1MW solar plant and plans to make further expansions considering high energy costs and the need to shift towards renewable energy sources.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">In terms of COGS, there were economic and legislative factors which hav...

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