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Sazgar Engineering Works Limited (SAZEW): FY24 Earnings Preview – By Sherman Research

  • By: Sherman Securities (Pvt.) Ltd.

  • - Published: Thursday, 19 September 2024
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<p></p><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Sazgar Engineering Works Limited (SAWEZ) is expected to announce FY24 financial result on 23rd September wherein company is expected to post PAT of Rs7.3bn (EPS Rs121) as compared to PAT of Rs995mn (EPS of Rs16) up 7.3xYoY during the same period last year. The increase in profitability is mainly attributed to higher sales of Haval HEV SUV sales and gross margins due to tax exemption on HEV CKD imports.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">On quarterly basis, PAT is expected to reach Rs2.8bn (EPS 47) compared to PAT of Rs3bn (EPS 50) down by 6%QoQ</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">We expect company to post net revenue of Rs57....

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