Lucky Cement Limited (PSX: LUCK) reported a profit-after-tax of Rs. 6.56 billion for the first quarter ending September 30, 2024 (1QFY25). This figure represents a 5% decrease from Rs. 6.93 billion earned in the same quarter last year (1QFY24). The company’s earnings per share (EPS) for this quarter were Rs. 22.40, slightly below last year’s Rs. 22.62.
Consolidated net profit reached Rs. 17.93 billion, translating to an EPS of Rs. 61.18. This is marginally up from Rs. 17.71 billion (EPS: Rs. 60.43) in 1QFY24. The 31% quarterly dip in net profit is mainly due to a dividend received by Lucky Electric Power Company Limited (LEPCL) in the previous quarter.
Revenue for 1QFY25 grew to Rs. 29.82 billion, marking a 2% year-over-year (YoY) increase from Rs. 29.38 billion in 1QFY24, driven by higher retention prices. On a quarterly basis, net sales rose by 7% thanks to steady demand and price adjustments.
Gross profit margins in 1QFY25 stood at 32.9%, a slight drop from 36.9% last year, but they held steady compared to the last quarter.
Selling and distribution expenses increased 35% YoY, reaching Rs. 2.35 billion, and rose by 10% quarterly. Finance costs declined by 6% YoY, settling at Rs. 360 million due to lower policy rates and decreased long-term debt. Quarterly finance costs fell 7%, benefiting from similar factors.
The company booked a 33% effective tax rate for 1QFY25, a slight improvement from 34% in 1QFY24.
Despite market challenges, Lucky Cement’s results reflect resilience and a proactive approach to market dynamics.
