AKD Research has expressed an optimistic outlook on ENGROH, highlighting the preview of its earnings for 2QCY25. They anticipate a significant increase in earnings, driven by the ongoing success of the energy portfolio.

– We expect ENGROH’s consolidated recurring earnings to reach PKR 8.7 billion (EPS: PKR 7.25) in 2QCY25, representing a 3.9 times increase year-over-year. We do not anticipate any dividend payouts resulting from this outcome.

– The surge in profitability is primarily attributed to the continued success of the energy portfolio, along with improved performance in both the fertilizer and telecommunications sectors.

– We maintain our ‘BUY’ recommendation on ENGROH, with a target price of PKR 301 per share for December 2025.

Courtesy: AKD Research