Air Link Communication (AIRLINK): 1QFY25 EPS at Rs2.1 up 7% YoY – “Buy” stance maintained – By Topline Research

<p></p><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Air Link Communication (AIRLINK) announced its 1QFY25 result today, where the company recorded consolidated earnings of Rs842mn (EPS of Rs2.1), up 7% YoY while down 46% QoQ.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">This result came lower than industry expectations due to lower-than-expected sales.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Net sales clocked in at Rs22bn, down 12% YoY and 40% QoQ. The decline in sales is primarily due to (1) lower inventory levels amid pre buying in June 2024, driven by the imposition of an 18% GST on all mobiles in FY25 budget, and (2) seasonal Muharram days (falling in July 2024), during which sales usu...