Lucky Cement to announce its 4QFY22 financial result on Aug 5th, 2022

Lucky Cement Limited (LUCK) is scheduled to announce its 4QFY22 financial result on Aug 5th, 2022 whereby we expect the company to post a profit after tax (PAT) of PKR 3,273mn (EPS: PKR 10.12) compared to PKR 2,383mn (EPS: PKR 7.37) during same period last year, depicting a jump of 37% YoY. Without super tax, earnings for the quarter would arrive at PKR 5,350mn (EPS: PKR 16.54).

Sales are expected to grow by a stunning 40% YoY to PKR 22bn during 4QFY22, owed to a noteworthy escalation in retention prices, which offset the impact of a 16% volumetric decline to 1,977k tons. This will translate to improved margins of 30.7% against 26.8% last year, offsetting the impact of higher coal prices, PKR depreciation and augmented energy tariff.

A similar trend was witnessed on a QoQ basis (3QFY22: 22.1%). This will take the bottom-line for FY22 to PKR 14,582mn (EPS: PKR 45.09) vis-à-vis PKR 14,070mn (EPS: PKR 43.51) in FY21. During the year, sales are expected to rise by 29% YoY on the back of jump in retention prices which eroded the impact of a 9% decline in offtake to 9,089k tons. Albeit, margins came down to 25.6% vs. 30.1% in SPLY attributable to higher coal prices, PKR depreciation and augmented energy tariff. A 38% jump in other income to PKR 8,059mn will also support bottom-line, aided by a one-off impact of PKR 1.48bn as fee to LUCK’s JV in DR Congo, for technical services.

Courtesy- AHL Research

 
 

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