ILP is a good growth-oriented company dealing mainly in the export sector. The company came under pressure when tax exemptions on exports were withdrawn in the year 2024, thereby impacting its revenue and net profits. The anticipated expansion in the year 2024, high energy cost, solarization, and lukewarm growth of the country's economy have a multi-dimensional impact on its revenue/ net profit growth. This is anticipated to be the condition till the IMF programme is intact and boom-bust economic cycles are avoided in the economy. Geo-politics and tariff tug-o-war can tilt the stagnant revenue in the company's favour by providing new export destinations and rush orders. This is the optimistic aspect at present as the company share is at an attractive value of ~60 PKR/share.
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