LUCK good result is expected

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• Lucky Cement Limited is scheduled to announce its 2QFY21 financial result on 29th Jan-21, wherein we expect the company to post PAT of PKR 2.9bn as compared to PKR 2.2bn in the preceding quarter, up by 32%/1.99x QoQ/YoY.

• Net sales are expected to clock in at PKR 16bn, up by 12% QoQ as dispatches likely to grow by 3%/26% QoQ/YoY and increase in retail prices.

• In 2QFY21, gross margins likely to improve to 31% as compared to 15% in the same period of the last year on the back of a reduction in FED by 500 per ton and an increase in cement prices.

• Distribution expense likely to fall 2% QoQ as exports plunge in 2Q.

• The bottom-line of the company is expected to clock in at PKR 9.07/share as compared to PKR 6.89/share.

(Spectrum Research)

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