• We expect ENGROH’s consolidated recurring earnings to clock in at PkR10.8bn (EPS: PkR8.99) in 3QCY25, up 89% YoY. We do not expect any payout with the result, according to a report published by AKD Research.
• Surge in profitability is mainly attributed to the absence of remeasurement losses of carrying value adjustment following the continuation of the energy portfolio, along with improved performance in the telecom business.
• We maintain our ’Buy’ stance on ENGROH with Dec’25 TP of PkR301/sh.

https://research.akdsl.com/638972760973083635.pdf

AKD Research