Cement: LUCK and PIOC 1QFY24 result previews – By JS Research

<p></p><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">We present 1QFY24 earnings expectations for Lucky Cement Ltd. (LUCK) and Pioneer Cement Ltd. (PIOC). We expect LUCK to post 1QFY24 EPS of Rs18.15, up 48% YoY (consolidated EPS: Rs46.6, +168% YoY) whereas PIOC is expected to post an EPS of Rs4.19, up 62% YoY.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">While absence of one-time retrospective taxes would lead to a massive sequential improvement in both companies, we expect bottom-line growth to also receive contribution from notable expansion in respective gross margins owing to lower coal costs.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">We present 1QFY24 earnings expectations for Lucky Cemen...