Fauji Cement Reports Record Quarterly Profit of Rs. 3.2 Billion in Q1 FY25

Fauji Cement Company Limited (PSX: FCCL) achieved a milestone by reporting a profit after tax of Rs. 3.247 billion for the quarter ending September 30, 2024, marking a 24.2% year-on-year increase from Rs. 2.614 billion during the same period last year. This represents the highest quarterly profit in FCCL’s history, according to Arif Habib Limited.

This significant growth is credited to several strategic measures: i) increased retention prices, ii) usage of locally sourced coal and alternative fuels, and iii) enhanced reliance on captive power generation. Despite these strong financials, FCCL did not announce any dividend payouts for the period.

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In the first quarter of FY25, FCCL generated net revenue of Rs. 22.9 billion, up by 13% from Rs. 20.3 billion in the same period last year. The gross profit margin improved to 34.3% compared to 31% previously. The company attributed this improvement to higher domestic sales, stable pricing, and a series of cost-optimization measures, such as increased reliance on solar power and alternative fuels, alongside efforts to control fixed costs.

Earnings per share (EPS) reached Rs. 1.32, up from Rs. 1.07 in the corresponding quarter last year. At the time of filing, FCCL’s share price rose by 7.6%, closing at Rs. 33.85 with a trading volume of 22.5 million shares on Friday.