LUCK anticipates declaring a profit after tax of PKR 6,158mn (EPS: PKR 20.10) in 4QFY24, reflecting a 138% QoQ increase. Furthermore, the earnings for FY24 are predicted to reach PKR 22,462mn (EPS: PKR 73.33), a 64% YoY increase from PKR 13,726mn (EPS: PKR 42.94) in FY23.

During the quarter, Sales are expected to reach PKR 28,719mn, indicating a 4% QoQ increase.

We expect the gross margins to be around 34.68%, signalling a QoQ increase of 5.86ppt.

We expect LUCK to pay DPS of PKR12.0 during 4QFY24.

Coal prices were USD107.50/ton in 4QFY24 as compared to USD119.83/ton in 4QFY23 and USD96.46/ton in 3QFY24, down 10.28% YoY and 11.44%QoQ.

The Policy Rate was 20.50% in 4QFY24, compared to 21% in 4QFY23 and 22% in 3QFY24, down 2.385% year over year and 6.81% QoQ.

The average retention price increased by 3.20%QoQ and 5.41%YoY.

Local dispatches were 1,417,208 MT in 4QFY24, compared to 1,512,230 MT in 4QFY23 and 1,505,595 in 3QFY24, down 6.28% year over year and 5.87% quarter over quarter.

Export dispatches were 738,924 MT in 4QFY24 as compared to 398,615 MT in 4QFY23 and 523,278 MT in 3QFY24, up 85.37%YoY and 41.21%QoQ.

Courtesy – AHCML Research