Lucky Cement Reports Rs. 6.56 Billion Profit for Q1 FY25

Lucky Cement Limited (PSX: LUCK) has announced an unconsolidated profit after tax of Rs. 6.56 billion for the first quarter ending September 30, 2024 (1QFY25). This marks a 5% decline compared to the Rs. 6.929 billion profit after tax reported in the same quarter last year (1QFY24).

The company’s earnings per share (EPS) for the quarter stood at Rs. 22.40, down slightly from Rs. 22.62 in the corresponding quarter of the previous year.

Quarterly net profit experienced a significant dip of 31%, largely due to the dividend received by LEPCL in the fourth quarter of FY24. On a consolidated basis, the net profit for 1QFY25 reached Rs. 17.927 billion, with an EPS of Rs. 61.18, compared to Rs. 17.706 billion and Rs. 60.43 in 1QFY24.

Lucky Cement’s topline for 1QFY25 was reported at Rs. 29.822 billion, reflecting a 2% year-on-year increase from Rs. 29.382 billion in 1QFY24, driven by higher retention prices. On a quarter-over-quarter basis, net sales grew by 7%.

The gross margins for 1QFY25 were recorded at 32.9%, down from 36.9% during the same period last year, though they remained stable compared to the previous quarter.

Selling and distribution expenses surged by 35% year-on-year, totaling Rs. 2.350 billion, with a 10% increase on a quarter-over-quarter basis.

Finance costs for 1QFY25 decreased by 6% year-on-year to Rs. 360 million, attributed to a drop in policy rates alongside a reduction in long-term debt. On a quarter-over-quarter basis, finance costs fell by 7%.

The company reported an effective tax rate of 33% for 1QFY25, slightly down from 34% in 1QFY24.