Earnings Report /
Bangladesh

Heidelberg: 2QCY21 Update – EPS of BDT3.56 meets expectation; Reiterate BUY

  • 2Q CY 21 NPAT of BDT201mn (EPS: BDT3.56), against Net loss of BDT187mn (EPS: BDT-3.31) in 2Q CY 20

  • 2Q CY 21 Revenue increased to BDT 4,097mn (+132% yoy, 43% up from 2Q CY 19)

  • +132% yoy top line, +540bps GPM , 530bps improvement in opex/sales, lower finance expense & tax cut boosted the earnings

Joy Bhattacharjee
Joy Bhattacharjee

Research Associate

Auneea Haque
Auneea Haque

Research Associate

IDLC Securities
2 August 2021
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