Islamabad, Oct 25: Fauji Cement Reports Record Quarterly Profit of Rs. 3.2 Billion in Q1 FY25. For the quarter that ended on September 30, 2024, Fauji Cement Company Limited (PSX: FCCL) reported an after-tax profit of Rs. 3,247 million, up 24.2 percent from the same time the previous year when it was Rs. 2,614 million.
Arif Habib Limited claims that this is FCCL’s greatest quarterly profit to date. Several important elements are responsible for this outstanding performance: growing reliance on captive generation, ii) the usage of local coal in addition to other alternative fuels, and iii) an increase in retention pricing.
During that time, FCCL made no announcements regarding dividend payments to its stockholders.The company’s net revenue for the first quarter of FY25 was Rs. 22.9 billion, up 13% year over year from Rs. 20.3 billion during SPLY. Compared to SPLY, where the gross profit margin was 31 percent, it rose to 34.3%.
In a brief note, FCCL stated that the management’s cost-optimization efforts, stable prices, and increased domestic sales were the main causes of the gross margin improvement. The overall results were attained by increased use of local coal and various alternative fuels, lower electricity prices through improved solar power generation, and fixed cost optimization.
In contrast to SPLY, which reported an EPS of 1.07, the company reported earnings per share of 1.32.With 22.5 million shares on Friday, FCCL’s scrip was up 7.6 percent, or Rs. 2.39, at the time of reporting on the stock exchange.
