External broker reports(aggregated public sources), Topline Securities

Topline Securities

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External broker reports(aggregated public sources)

Equity Bottom-Up

<ul><li>Mari Petroleum (MARI) announced its FY24 result today, where the company has recorded highest ever earnings of Rs77bn (EPS of Rs579.36), up 38%.</li><li>In 4QFY24, MARI reported profit of Rs26bn (EPS of Rs192.34), up 62%, which came higher than industry expectation due to reversal in exploration cost and lower tax expense.</li><li>Alongside result, company declared final cash dividend of Rs134/share in 4QFY24, taking full year FY24 dividend to Rs232/share. This translates into payout ratio of 40% in FY24 compared to 35% in FY23.</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>

Mari Petroleum (MARI) announced its FY24 result today, where the company has recorded highest ever earnings of Rs77bn (EPS of Rs579.36), up 38%.In 4QFY24, MARI reported profit of Rs26bn (EPS of Rs192.34), up 62%, which came higher than industry expectation due to reversal in exploration cost and lower tax expense.Alongside result, company declared final cash dividend of Rs134/share in 4QFY24, taking full year FY24 dividend to Rs232/share. This translates into payout ratio of 40% in FY24 compared to 35% in FY23.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.

Mari Petroleum (MARI) - Recorded highest ever profit, announces 800% bonus shares