Automobile Assembler: GAL & SAZEW: Earnings Preview for 4QFY25 - By Sherman Research

<p></p><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">GAL: 4QFY25 EPS to Clock in at Rs41.3 We present 4QFY25 earnings estimate for Ghandhara Automobiles (GAL) wherein company is expected to post net earnings of Rs2.4bn (EPS Rs41.3) as compared to net earnings of Rs290mn (EPS Rs5.1), up 8xYoY. The growth in profitability is primarily driven by 1) Higher sales of JAC &amp; Dongfeng trucks and 2) Contribution from T9 Hunter.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">On QoQ basis, earning is expected to grow by 96% on back of rise in sales of JAC Trucks (up 35%QoQ) along with T9 Hunter deliveries. Moreover, we expect T9 Hunter sales to clock in at 1,500 units during the quarter.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sa...