Exide Pakistan Ltd. held its analyst briefing today to discuss MY26 results and the future outlook of the company.

The following are the key highlights.

·        To recall, earnings declined by 30%YoY to PkR432mn (EPS:PkR55.6) in MY26, compared to PkR614mn (EPS:PkR79.1) in SPLY.

·        Revenue declined by 18%YoY to PkR20bn in MY26 vs. PkR24bn in SPLY, due to subdued volumes amid weak consumer purchasing power.

·        Gross margin compressed to 13.9% from 16.2% in SPLY, due to the aforementioned reason and higher input costs amid ME tensions.

·        On raw material sourcing, management stated that lead is imported through Dubai at a 2% duty, with the company seeking to source minimally from the local market.

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Sources: AKD Research