- Tweets 321
- Following 41
- Followers 282
- Likes 152
We love to create narratives where we are the victim or the hero."I failed because they didn't understand me." This is a lie your ego tells to protect itself from the pain of reality..+
1
36
OGDC FY26 | Quarterly Analysis
OGDC’s quarterly numbers show a clear improvement in operating performance, with Q4 standing out due to a major tax reversal.
Q1: Net sales Rs96.2bn, PBT Rs62.0bn, PAT Rs38.3bn, EPS Rs8.91
Q2: Sales Rs96.6bn, PBT Rs48.9bn, PAT Rs34.7bn, EPS Rs8.07
1
49
Gas realised price remained relatively stable at Rs719.38 to Rs790.21/Mcf, while LPG price increased significantly from Rs147,302 to Rs219,159/ton.
1
3
When optimism pushes valuations far above business fundamentals, caution becomes rational.
When pessimism creates prices below reasonable estimates of intrinsic value, opportunity may emerge.
The investor’s advantage is the ability to remain selective.
32
Corporate briefing:
$COLG FY26
Revenue increased 8% YoY to Rs125.2bn, while PAT rose 1.3% to Rs18.6bn, with EPS at Rs76.7.
Growth was supported by volume gains and a favourable product mix. Home Care contributed 70% of revenue, followed by Personal Care at 25%..+
1
21
This keeps margins sensitive to commodity prices, PKR movements and global supply-chain disruptions.
Management expects double-digit revenue growth in FY27, supported by product innovation and portfolio expansion..+
1
7
The margin of safety is an investor’s protection against imperfect analysis.
Your assumptions may be wrong. Growth may be slower. Margins may contract. The market may assign a lower valuation.
Buying with sufficient valuation discipline reduces dependence on being exactly right.
1
1
2
196
A rare case where an external disruption works in Pakistan’s favour.
Question now is whether this is a one-off benefit or something that can sustainably reduce the energy import bill.
Pakistan imported only 2 cargos of RLNG in Sep 26 against must buying 10 cargos a month under long term contract with Qatar.
Less buying is due to force majuere by the seller.
This saved us approx $350 mn of forex in a month
A blessing in disguise
1
1
3
128
Formalising the retail sector could broaden the tax base, but sustained compliance will matter more than initial registrations.
Nearly 10,000 shopkeepers have entered Pakistan’s tax net within a month of the Asan Tax Scheme’s launch.
9,806 registrations so far:
• 1,929 first-time taxpayers
• 428 have already filed returns
• Participation includes both small and major cities
3
68
A stock price can fall without the underlying business becoming less valuable.
That distinction matters.
Before reacting to a decline, examine earnings, cash flows, debt, competitive position and future prospects.
Price volatility is not the same thing as permanent loss of value.
1
43
$SEARL FY26 results highlight a mixed picture.
Standalone EPS came in at Rs6.81, while consolidated EPS was only Rs0.75. Sales grew 29% and finance costs were cut by roughly half, pointing to meaningful improvement in core operations.
Cash dividend has returned at Rs1/share.
1
45
However, Rs3.7bn of “other income” relates to an intra-group brand sale, while Q4 was impacted by goodwill and deferred-tax write-downs. Inventories also increased sharply.
1
24