Ghani Glass Limited (GHGL): FY23/1QFY24 Corporate Analyst Briefing – By JS Research

<p></p><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Ghani Glass Limited (GHGL) conducted its corporate briefing yesterday to discuss the FY23 results and outlook. To recall, GHGL announced FY23/1QFY24 EPS of Rs8.10/Rs1.40, reflecting a 34%/21% YoY increase. The company also announced dividend of Rs2.0/share during the year. We present key highlights from the session.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">GHGL reported 34% YoY growth in FY23 earnings, mainly contributed by price hikes in the domestic and export markets and 8% YoY increase in volumetric sales.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">During the year, domestic demand remained stagnant due to slow down in construction ac...