Gul Ahmed Textile Mills Limited (GATM): 2QFY24 EPS to arrive at PKR 0.90, down 20%Yo – By Taurus Research
<p></p><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Board Meeting: February 26, 2024</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">2QFY24: – EPS: PKR 0.90, PAT: ~PKR 668Mn, down ~20% over the
SPLY.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">During 2QFY24, GATM's revenue is expected to clock in at
~PKR 44.4Bn, up 46%YoY/5%QoQ, on account of a healthy order book. However,
gross margin is expected to arrive at 15%, down 4ppts YoY on the back of
elevated energy costs, while being flat on a quarterly basis in 2QFY24.
Elsewhere, despite the Company’s plan to reduce its short term borrowings, we
expect the finance to arrive at ~PKR 2.1Bn mainly due to the surge in the
policy rate.</span><...
