Engro Polymer & Chemical Ltd., Earning Release, Q1-Mar2023

EPCL First Quarter-Mar 2023 Earnings released.

EPS Rs. 1.31 down 50% over previous quarter. 

Cash dividend (interim) Rs. 1/- per share.

EPCL (Rs.)	1 Month	6 Month	1 Year
44.44	-5.7%	-22.9%	-46.8%

EPS declined 50% over the previous quarter and by 74% over the same quarter last year.

Sales declined by 9% over the previous quarter and by 22% over the same quarter last year.

Gross Profit increased by 11.6% over the previous quarter and declined by 53% over the same quarter last year.

Gross profit margin was 20% in this quarter up from 16% in the previous quarter but substantially down from 33% compared to the first quarter last year.

EPCL is trading at Rs 44.4, with a Price to Earning Ratio of less than 5, and a Price to Book ratio of less than 1.5, having a high dividend yield (trailing twelve months) of over 19%.

See Key Financials of EPCL;

EPCL: Engro Polymer & Chemical Limited
Rs. in Millions	1Q -Mar 2023	4Q-Dec 2022	3Q-Sep 2022	2Q-Jun 2022	1Q-Mar 2022
Sales	17,978	19,751	16,904	22,277	23,127
Gross Profit	3,591	3,217	4,973	7,528	7,665
Other Income	438	139	466	411	425
Finance Cost	1,170	884	853	740	606
Profit Before Tax	1,678	1,784	3,146	5,518	6,266
Taxation	489	-585	865	3,179	1,545
Profit After Tax	1,189	2,369	2,281	2,339	4,721
EPS	1.31	2.61	2.51	2.57	5.19
Cash Dividend	1	2.5	2.5	2.5	5
G Profit Margin	20.0%	16.3%	29.4%	33.8%	33.1%
Tax Rate	29.1%	reversal	27.5%	57.6%	24.7%
Sales Growth	-9.0%	16.8%	-24.1%	-3.7%
GP Growth	11.6%	-35.3%	-33.9%	-1.8%
EPS Growth	-49.8%	3.8%	-2.5%	-50.5%	.

Download EPCL 1Q Mar23 Announcement.

See Notes from  EPCL Analysts Brief Presentation April 2023