Islamabad, Apr 28, 2025: Lucky Cement Limited (PSX: LUCK) reported a record-high quarterly profit after tax of Rs. 13.5 billion in 3QFY25 (unconsolidated), up by 2.7x YoY.
According to Arif Habib Limited (AHL), this exceptional performance was primarily driven by a 3.8x YoY increase in other income, largely attributed to dividend inflows from Lucky Electric Power and Lucky Core Industries.
On a consolidated basis, the company posted a profit after tax (PAT) of Rs. 57.3 billion (EPS: Rs. 39.12), up from Rs. 50.9 billion (EPS: Rs. 34.76) in the same period of the previous year.
The rise in profitability on an unconsolidated basis was mainly driven by a 3.8x year-on-year (YoY) increase in other income, primarily from dividend income generated by Lucky Electric Company and Lucky Core Industries.
Net sales for 9MFY25 grew by 8 percent YoY, reaching Rs. 94.5 billion, driven by an 8 percent YoY increase in cement dispatches, which totaled 7.1 million tons compared to 6.4 million tons in the same period last year.
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The growth in dispatches was notably boosted by a 76 percent YoY rise in exports, which reached 2.6 million tons.
In 3QFY25, sales rose by 10 percent YoY to Rs. 30.0 billion, with cement dispatches growing by 20 percent YoY to 2.3 million tons.
The company’s gross margin for 3QFY25 rose to 33.2 percent, up from 28.8 percent in 3QFY24, marking a substantial YoY increase of 439 basis points (bps).
This improvement was driven by higher retention prices and the addition of a 28.8 MW wind power plant in Karachi (operational since October 24), which helped reduce overall energy costs.
For the 9MFY25 period, gross margins stood at 33.9 percent, slightly lower than 34.0 percent in 9MFY24.
