Tariq Glass Industries Limited (TGL): FY24 Corporate Analyst Briefing – 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 session today to discuss the FY24 results and outlook. To recall, TGL announced FY24 EPS of Rs25.41, reflecting a 74% YoY increase. The company didn&amp;rsquo;t announce dividend during FY24. 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 74% YoY increase in net earnings during FY24, mainly due to price increases to partially pass-on the inflationary impact on cost and a one time gain on investments/ inventory sold to BGL.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">The management highlighted that the company didn&am...