⏸️ BNL: HOLD Signal (6/10) – Financial Results for the Quarter Ended

📌 Key Takeaways

• 📈 Revenue increased from PKR 1,800.39 million to PKR 2,012.18 million, a 11.76% increase.
• 💰 Gross profit increased from PKR 452.28 million to PKR 598.02 million, a 32.22% increase.
• ⚠️ Operating expenses increased from PKR 318.97 million to PKR 363.53 million, a 13.97% increase.
• ✨ Operating profit increased significantly from PKR 133.30 million to PKR 234.49 million, a 75.92% increase.
• 💸 Finance costs decreased from PKR 59.59 million to PKR 32.65 million, a 45.21% decrease.
• 📊 Profit before taxation increased significantly from PKR 70.39 million to PKR 189.91 million, a 169.81% increase.
• ✅ Profit after taxation increased substantially from PKR 30.13 million to PKR 162.13 million, a 438.19% increase.
• ⭐ Earnings per share (EPS) increased from PKR 0.45 to PKR 2.43.
• 🏛️ Total assets increased from PKR 4,729.36 million to PKR 4,942.39 million, a 4.50% increase.
• 🏦 Cash and bank balances decreased from PKR 35.22 million to PKR 28.75 million.
• 🚫 No cash dividend, bonus shares, or right shares were declared.

🎯 Investment Thesis

Given the improved financial performance, particularly the increase in EPS and overall profitability, a HOLD recommendation is justified. However, further observation is warranted due to the decreased cash reserves. Any significant shifts in market dynamics or financial performance should be monitored. The decreased cash position needs further evaluation before considering a buy.