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$TGL Tariq Glass Industries Limited (TGL): FY25 Corporate Analyst Briefing – By JS Research

JS Global Capital
$TGL Tariq Glass Industries Limited
Rs. 189.53 -1.09%
  • Tariq Glass Industries Limited (TGL) conducted its corporate briefing today to discuss the FY25 results and outlook. To recall, TGL announced FY25 EPS of Rs27.75, reflecting a 9% YoY increase. The company announced a cash dividend of Rs4/sh alongside the results. We present key takeaways from the briefing session.
  • TGL reported a 9% YoY increase in net earnings during FY25, mainly due to improved pricing, recovery in margins and 31% YoY decline in financial charges. We highlight, TGL recorded Rs915mn one-time gain led by the acquisition of Baluchistan Glass (BGL) last year, thus excluding the impact of this, the recurring PBT is up 37% YoY in FY25.
  • During the year, MMM Holding (50% owned by TGL) converted its long-term debt given to BGL, into equity thus increasing its stake in the company to 94% from 84% and thereby increasing TGL’s indirect stake to 47% from 42% earlier.