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Interloop Ltd. (ILP): FY24 Analyst Briefing takeaways – By AKD Research

  • By: AKD Securities Limited

  • - Published: Thursday, 21 November 2024
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<p></p><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Interloop Ltd. (ILP) held its FY24 analyst briefing to discuss FY24 financial result and future outlook of the company. Following are the key highlights:</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Company revenue clocked in at PkR156bn in FY24 from PkR119bn in SPLY, up 31% YoY. However, profitability declined to PkR16bn (EPS: PkR11.3) from PkR20bn (EPS: PkR14.4) in FY23, down 22% YoY.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">The aforementioned decline in profitability is attributed to, 1) Rupee appreciation against the US$, 2) higher input and energy costs along with a 20% incremental impact from increased salaries, and 3) absence of exc...

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