In the first quarter of the fiscal year 2022–23, textile and apparel exporter Interloop Limited (ILP) outperformed the market with earnings of Rs. 4.96 billion.
Financial statistics from the company show that profits have climbed by 85% when compared to the Rs. 2.69 billion earned during the same time previous year.
The company’s earnings per share (EPS) improved from Rs. 2.88 to Rs. 5.31 in the first quarter of FY23 from Rs. 5.74 in the fourth quarter of FY22.Despite rising from the 28.6 percent YoY recorded in the first quarter of FY22, gross margins stood at 33.2 percent QoQ.
