AKD Research has published a report on Pakistan Cables Ltd. (PCAL), which held an analyst briefing today to discuss its FY25 results and the company’s future outlook. The following are the key points:
· To recall, company posted a topline of PkR29.1bn in FY25 vs. PkR26.2bn in SPLY, up 11.1%YoY.
· Company reported a loss of PkR281mn (LPS: PkR5.15) during FY25 vs. a profit of PkR209mn (EPS: PkR3.84) in SPLY, mainly due to gross margins attrition and an increase in finance cost. Furthermore, gross profit margin shrank to 10.4% in FY25 from 12.9% in SPLY, due to demand compression.
· Trade debts increased as the company extended more credit to boost sales volume due to the competitive market. However, the company is now continuing to secure advance payments from customers against orders.
https://research.akdsl.com/638944220763334242.pdf
Courtesy – AKD Research
