External broker reports(aggregated public sources), Topline Securities

Topline Securities

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External broker reports(aggregated public sources)

Equity Bottom-Up

Maple Leaf Cement Factory / Equity Bottom-Up

<ul><li>Maple Leaf Cement (MLCF) announced its 2QFY24 financial result today, where company reported earnings of Rs2,243mn (EPS of Rs2.09) in 2QFY24, down 23% YoY and up 38% QoQ.</li><li>This takes 1HFY24 earnings to Rs3,869mn (EPS of Rs3.60) compared to Rs4,308mn (EPS of Rs4.01), down 10% YoY due to decline in volumetric sales.</li><li>2QFY24 result came higher than industry expectations due to higher than expected gross margins and lower effective tax rate.</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

Maple Leaf Cement (MLCF) announced its 2QFY24 financial result today, where company reported earnings of Rs2,243mn (EPS of Rs2.09) in 2QFY24, down 23% YoY and up 38% QoQ.This takes 1HFY24 earnings to Rs3,869mn (EPS of Rs3.60) compared to Rs4,308mn (EPS of Rs4.01), down 10% YoY due to decline in volumetric sales.2QFY24 result came higher than industry expectations due to higher than expected gross margins and lower effective tax rate.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Maple Leaf Cement (MLCF): 2QFY24 EPS at Rs2.09 - (Higher than Industry Expectations)