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Loads Limited (LOADS): FY24 Corporate Briefing Takeaways – By Taurus Research

  • By: Taurus Securities Limited

  • - Published: Monday, 18 November 2024
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<p></p><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Founded in 1979, Loads Limited is a key player in Pakistan's automotive sector, manufacturing components like exhaust systems, radiators, and sheet metal parts for major automobile brands, including Toyota, Honda, and Nissan. It remains the sole supplier of exhaust systems in Pakistan, with no competition expected to emerge in this segment.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">During the year, the Company experienced a 1.7% decline in sales volumes for exhaust systems and a 67% decline for radiators.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Despite this decline, the Company&rsquo;s revenue for FY24 was PKR 4490Mn, approximately the ...

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