Nishat Mills Ltd. (NML): 3QFY25 Result Review — Profitability remains positive but fall short of expectations - By AKD Research

<p></p><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Nishat Mills Ltd. (NML) announced its 3QFY25 financial results, reporting standalone earnings of PkR696mn (EPS: PkR1.98), compared to a loss of PkR286mn (LPS: PkR0.81) in SPLY. The result was below our expectations, mainly due to lower-than-expected gross margins.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Revenue increased by 5%YoY to PkR45.3bn, compared to PkR43.3bn in SPLY, driven by higher export volumes and improved pricing. Notably, readymade garment exports rose 13%YoY during 3QFY25, as per PBS.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Gross margins improved to 10.4%, up from 8.9% in SPLY, supported by higher export prices and lower ...