Engro Holdings Limited (ENGROH): Earnings to surge with energy portfolio continuation – By AKD Research

<ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">We expect ENGROH consolidated recurring earnings to clock in at PkR8.7bn (EPS: PkR7.25) in 2QCY25, up 3.9x YoY. We do not expect any payout with the result.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Surge in profitability is mainly attributed to the continuation of energy portfolio and improved performance in fertilizer and telecom businesses.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">We maintain our &rsquo;BUY&rsquo; stance on ENGROH with Dec&rsquo;25 TP of PkR301/sh.</span></li></ul>