<ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">We expect ISL textile universe profitability to rebound by
~37% QoQ to clock in at PKR5.4bn vs. PKR3.9bn in preceding quarter. The
increase is primarily due to improved gross margins and lower finance cost.
However, same is expected to decline by ~20% YoY, mainly due higher energy
cost, higher taxes, and muted global demand due to ongoing geopolitical
tensions. Revenue is likely to clock in at PKR160.3bn, up by ~7%/2% YoY/QoQ,
mainly attributable to higher volumetric sales. Gross margins are expected to
increase by ~40bps QoQ to clock in at ~16.0% vs. ~15.6% in preceding quarter.
However, same is expected to decline by ~60bps YoY. Finance cost is expected to
report at PKR6.8bn compared to PKR8.9bn in SPLY, remain flat on QoQ basis.
However, same is ...
