ACPL is anticipated to declare a profit after tax of PKR 154.8mn (EPS: PKR 1.127) in 2QFY25, reflecting a 150% QoQ increase. During the quarter, Sales are expected to reach PKR 8,807mn, indicating a 37% QoQ increase.

We expect the gross margins to be around 18.5%, signalling a 1.43ppt QoQ increase and a 2.27ppt YoY decrease.

Coal prices remained at USD110.44/ton in 2QFY25, compared to USD116.15/ton in 2QFY24 and USD110.02/ton in 1QFY25, down 4.91% year over year and 0.38% quarter over quarter.

The discount rate remained at 15% in 2QFY25, compared to 22% in 2QFY24 and 18% in 1QFY25. This is down 31.8% year over year and 16.7% quarter over quarter.

The average export retention price is PKR 430/bag.

Local dispatches were 339,946 MT in 2QFY25 compared to 266,430 MT in 1QFY25, posting a growth of 27.6%QoQ.

Export dispatches were 405,217 MT in 2QFY25 compared to 290,683 MT in 1QFY25, up 39.40%QoQ.

We don’t expect any dividend from the company during 2QFY25.

Courtesy – AHCML Research