Engro Fertilizer is scheduled to announce the financial result for 1QCY21 on Monday

Engro Fertilizer Limited (EFERT) is scheduled to announce the financial result for 1QCY21 on 19th Apr’21, where we expect the company to post a profit after tax of PKR 5,433mn (EPS: PKR 4.07) vis-à-vis PKR 571mn (EPS: PKR 0.43) in 1QCY20, portraying a massive jump of 9.5x YoY. Topline is anticipated to witness a hefty surge of 138% YoY, clocking-in at PKR 25,683mn during 1QCY21 amid huge growth in Urea and DAP offtake by 3.

5x and 1.8x YoY, respectively followed by ascend in DAP prices by 27% YoY.

Gross margins are expected to settle at 44% during 1QCY21 versus 34% in SPLY given significant growth in Urea offtake.

Furthermore, financial charges are forecast to decline by 62% YoY to PKR 466mn given lower interest rates. Other income is projected to climb up by 111% YoY to PKR 552mn, owed to higher income from financial assets.

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