⚡ Flash Summary
Tariq Glass Industries (TGL) reported its financial results for Q1 ended September 30, 2025. The company experienced a revenue increase of 8.86% year-over-year, reaching PKR 7,498 million. Net profit for the period increased by 25.5% to PKR 885.43 million, resulting in earnings per share of PKR 5.14 compared to PKR 4.10 in the same period last year. Despite the revenue and profit growth, the company announced no cash dividend, bonus issue, or right shares.
📌 Key Takeaways
- 📈 Revenue increased by 8.86% YoY to PKR 7,498 million.
- 💰 Net profit surged by 25.5% YoY to PKR 885.43 million.
- 💸 Earnings per share (EPS) rose to PKR 5.14 from PKR 4.10 YoY.
- ❌ No cash dividend declared for the quarter.
- 🚫 No bonus issue announced.
- ⛔️ No right shares issued.
- 🏭 Operating profit decreased slightly by 3.85% to PKR 1,514.615 million.
- 📉 Gross profit decreased from PKR 1,840.815 million to PKR 1,795.032 million
- ✔️ Total assets stood at PKR 27,915.871 million.
- 📊 Equity and liabilities amounted to PKR 27,915.871 million.
- 🧾 Unappropriated profit increased to PKR 18,657.523 million from PKR 17,772.092 million as of June 30, 2025.
- 🏦 Cash and cash equivalents increased to PKR 1,083.728 million.
🎯 Investment Thesis
Based on the Q1 2025 results, a HOLD recommendation seems appropriate. The company shows revenue and profit growth, but operational cash flow has decreased substantially. The absence of any shareholder payouts suggests a conservative approach. A neutral stance is justified until further clarity on future growth and shareholder value creation emerges. Price target is maintained at current levels, with a medium-term horizon.
Disclaimer: AI-generated analysis. Not financial advice.