Unlocking improved earnings potential – By prioritizing high-quality
business opportunities, INTLOOP continues to improve OPM YoY,
reflecting stronger operating efficiency. Q1-3 FY7/25 results were
ahead of unchanged FY guidance, with the company continuing to
invest in scaling capacity with new senior mid-career hires as well as
graduates. Management believes there is further upside to margin
expansion through profit-focused sales activities and price revisions.
We maintain our earnings estimates and highlight our expectations
for an earnings overshoot for the FY, with the company’s strategy
positioning it to sustain margin enhancement in line with its medium-
to long-term plan.
