{"id":5999,"date":"2024-08-11T21:41:46","date_gmt":"2024-08-11T16:41:46","guid":{"rendered":"https:\/\/ksestocks.com\/blog\/?p=5999"},"modified":"2024-08-11T21:41:49","modified_gmt":"2024-08-11T16:41:49","slug":"lucky-cement-surpasses-expectations-with-highest-ever-earnings","status":"publish","type":"post","link":"https:\/\/ksestocks.com\/blog\/lucky-cement-surpasses-expectations-with-highest-ever-earnings\/","title":{"rendered":"Lucky Cement surpasses expectations with highest-ever earnings"},"content":{"rendered":"\n

The company reported its highest-ever quarterly standalone earnings, clocking in at a staggering PkR9.5 billion<\/strong> (EPS: PkR32.3<\/strong>), bringing its full-year standalone earnings to an all-time high of PkR28.1 billion <\/strong>(EPS: PkR95.9). <\/p>\n\n\n\n

But that’s not all\u2014Lucky Cement also managed to exceed market expectations, largely owing to a windfall in other income, which was primarily driven by higher-than-anticipated dividend income. <\/p>\n\n\n\n

The company announced a final dividend of PkR15 per share<\/strong>, ensuring financial stability.<\/p>\n\n\n\n

Key Highlights<\/h2>\n\n\n\n
    \n
  • Revenue growth:<\/strong> For the quarter, revenue reached PkR27.9 billion<\/strong>, marking a 10%<\/strong> year-on-year increase from PkR25.5 billion in the same period last year (SPLY). This was fueled by a 10% rise<\/strong> in average cement prices and a whopping 2.4x<\/strong> annual increase in exports.<\/li>\n\n\n\n
  • Improved margins:<\/strong> The gross margins also saw a healthy bump, improving to 32.4%<\/strong> compared to 27.7% in SPLY. This uptick can be chalked up to the higher cement prices and a significant 16%<\/strong> annual reduction in weighted average coal prices.<\/li>\n\n\n\n
  • Other Income boost:<\/strong> Other income skyrocketed to PkR7.5 billion<\/strong>, well above the expected PkR2.3 billion. This surge was likely due to increased dividend income, though we’re still waiting for more details on the exact source.<\/li>\n\n\n\n
  • Consolidated Earnings:<\/strong> On a consolidated basis, the full-year earnings hit PkR65.6 billion <\/strong>(EPS: <\/em>PkR223.7<\/em>), up 34% <\/strong>year-on-year from PkR48.8 billion (EPS: PkR166.4) in FY23. The key drivers here were a doubling of core income, alongside strong performances from their LEPCL unit and foreign cement operations in Iraq and DR Congo.<\/li>\n<\/ul>\n\n\n\n

    Setting New Records and Raising the Stakes<\/h2>\n\n\n\n

    Lucky Cement has not just broken records; it has set a new standard for what’s possible in the industry. <\/p>\n\n\n\n

    The 28% increase<\/strong> in gross profit, climbing to PkR9.05 billion from PkR7.07 billion in the same quarter last year, underscores the company’s ability to adapt and thrive even in challenging market conditions. <\/p>\n\n\n\n

    The full-year gross profit rose by an impressive 49%<\/strong>, reaching PkR38.8 billion compared to PkR26.1 billion in FY23.<\/p>\n\n\n\n

    However, the company did experience a 46% <\/strong>increase in operating expenses (Opex) for the quarter, which jumped to PkR2.7 billion from PkR1.8 billion in SPLY. <\/p>\n\n\n\n

    Despite this, the net profit after tax (NPAT) more than tripled year-on-year<\/strong>, reaching PkR9.5 billion for the quarter, up from PkR2.6 billion in SPLY.<\/p>\n\n\n\n

    The company continues to maintain a ‘Buy’<\/strong> stance with a June 2025 target price of PkR1,172 per share<\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":"

    The company reported its highest-ever quarterly standalone earnings, clocking in at a staggering PkR9.5 billion (EPS: PkR32.3), bringing its full-year standalone earnings to an all-time high of PkR28.1 billion (EPS: PkR95.9).<\/p>\n","protected":false},"author":4890,"featured_media":6017,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[154,155],"tags":[10],"class_list":["post-5999","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","category-fundamental-analysis","tag-luck"],"featured_image_src":{"landsacpe":["https:\/\/ksestocks.com\/blog\/wp-content\/uploads\/2024\/08\/LUCK-Financials-1140x445.png",1140,445,true],"list":["https:\/\/ksestocks.com\/blog\/wp-content\/uploads\/2024\/08\/LUCK-Financials-463x348.png",463,348,true],"medium":["https:\/\/ksestocks.com\/blog\/wp-content\/uploads\/2024\/08\/LUCK-Financials-300x188.png",300,188,true],"full":["https:\/\/ksestocks.com\/blog\/wp-content\/uploads\/2024\/08\/LUCK-Financials.png",1920,1200,false]},"_links":{"self":[{"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/posts\/5999","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/users\/4890"}],"replies":[{"embeddable":true,"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/comments?post=5999"}],"version-history":[{"count":0,"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/posts\/5999\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/media\/6017"}],"wp:attachment":[{"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/media?parent=5999"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/categories?post=5999"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/tags?post=5999"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}