Nishat Mills


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48 articles for Nishat Mills

Pakistan Textiles: April’23 -Textile exports decline further

Pakistan Textile exports were down 29% YoY to US$1.2bn in April'2023. Readymade garments exports fall by 10% MoM while Knitwear & bedwear exports have shown some improvement. Yarn and fabric exports were depressed on account of lower order flows from...
Intermarket Securities IMS Research
IMS Research Team @ Intermarket Securities 22 May 2023

Nishat Mills: 3QFY23 Result Review - Earnings beat on higher other income

NML posted NPAT of PKR3.3bn, up 10% QoQ and 4% YoY. Revenue clocked in at PKR37.1bn on account higher garment exports and local yarn sales. Higher exchange gains keep other income flat at PKR3.4bn during 3Q.
Intermarket Securities Rahul
Rahul Hans @ Intermarket Securities 28 April 2023

Pakistan Textiles – Higher finance costs to offset higher exchange gains

NPAT for IMS Textile Universe is expected to decline to PKR1.8bn in 3QFY23. Demand for value-added textile products to stay depressed amid inflationary pressure in export markets. Rising energy prices and finance cost remain a key challenge for texti...
Intermarket Securities IMS Research
IMS Research Team @ Intermarket Securities 17 April 2023

Pakistan Textiles: Feb’23 - Another poor month for exports

Textile exports decline to US$11.2bn during 8MFY23, down 11% YoY. Over-piled inventories among major retail outlets in USA & Europe have led to lower export orders. Removal of subsidies, peaking interest rates and a fall in demand to negatively impac...
Intermarket Securities IMS Research
IMS Research Team @ Intermarket Securities 17 March 2023

Nishat Mills: 2QFY23 Result Review: Higher topline and other income lead to earnings beat

NML has reported unconsolidated 2QFY23 NPAT of PKR3.7bn (EPS: PKR10.48), up 59% YoY, but down 11% QoQ. Revenue has clocked in at PKR33.2bn, up 16% YoY, but down 3% QoQ, better than our estimated topline of PKR30.3bn. The company has reported other in...
Intermarket Securities IMS Research
IMS Research Team @ Intermarket Securities 20 February 2023

Nishat Mills: 1QFY23 Result Review - Sharp improvement in margin led to significant beat

NML reported an unconsolidated EPS of PKR11.81 in 1QFY23, significantly beating our EPS estimate of PKR3.75. Gross margin remained flat YoY, but increased by a sharp 8ppt QoQ to 19.4%, owing to better Value-added margins. We have a Buy stance on NML....
Intermarket Securities Abdul Ghani
Abdul Ghani Mianoor @ Intermarket Securities 27 October 2022


Consumer Durables & Apparel
Nishat Mills Limited is a textile manufacturing company. The Company spins, combs, weaves, bleaches, dyes, prints, and buys and sells yarn, linen, other cloth, and other goods. Nishat Mill's products and fabrics are made from raw cotton and synthetic fiber. The Company also owns a power plant that generates, accumulates, distributes, and supplies electricity.

Associated topics

Consumer Durables & Apparel Asia Nishat Mills Consumer Discretionary Pakistan Equity Abdul Ghani Mianoor NML Interloop Ltd Utilities Nishat Chunian Gul Ahmed Textile Mills Ltd China Nishat Mills Ltd