Earnings Report /

Olympic Industries: Q2 20/21 – Robust sales growth continue but yet to translate into bottom-line

  • Olympic continued to grow the top line at a double-digit rate for the past six quarters

  • Though Q2 FY 21 Revenue grew by c16% yoy, EPS grew by only 2.1% yoy due to GPM dent and higher effective tax rate

  • Reiterate Buy with TP of BDT242 for December 2021, offering ETR of 36.2%

Auneea Haque
Auneea Haque

Research Associate

Tanay Kumar Roy
Tanay Kumar Roy

Research Analyst

IDLC Securities
27 January 2021
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