Fauji Cement Company Limited (FCCL): Result Review: FCCL 1QFY25 EPS Rs1.3 – By Sherman Research

<p></p><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Fauji Cement Company Limited (FCCL) announced its 1QFY25 result today wherein the company posted net earnings of Rs3.2bn (EPS of Rs1.3) compared to net earnings of Rs2.6bn (EPS of Rs1.1) during same period last year, up by 24%YoY. The result came above our estimate due to higher gross margins.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">During 1QFY24, net revenue surged by 13%YoY to Rs23bn primarily driven by higher retention prices (up by ~14%YoY) while dispatches declined by 1%YoY.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">FCCL&rsquo;s gross margin clocked in at 34% during 1QFY25 as compared to 31% during the same period last year (up by ...