June 24, 2026 (MLN): Interloop Ltd (PSX:ILP) is projected to see a 38% upward trend in its target price to Rs137 from current level of Rs99 per share, while its FY27 earnings per share estimate is projected to rise to Rs15.64, following the abolition of super tax for large exporters under the approved Finance Bill 2026.

JS Global, in its latest projection, said the Finance Bill 2026 exempts companies from super tax if their export receipts exceed 80% of total turnover during the financial year  a significantly more favourable outcome compared to the budget proposal, which had only envisaged a 2-percentage-point cut in the super tax rate from 10%.

The brokerage said the development bodes well for large textile exporters, particularly ILP and Gul Ahmed Textile Mills (GATM), both of which derive over 80% of their revenues from exports.

The following table shows exports as a percentage of total revenue for key textile companies, based on FY25 company accounts:

Source: FY25 company accounts, Finance Bill 2026, JS Global estimates