Fauji Cement Company Ltd notified its 9MFY21 financial results where it posted Net Profit of PKR2.6 billion (Earnings Per Share: PKR1.89), marking an increase of 860% YoY as comapred to net profit of PKR 272 million (EPS: PKR0.20) in same period last year. For March-2021 quarter alone, Net profit clocked in at PKR 1bn (Earnings Per Share: PKR0.73).

Significant increase in FCCL profit is due to 38% increase in cement retention prices, 9% increase in volumteric dispatches of cement bags, and decrease in Finance Cost.

Gross margins for the quarter increased to 30% as higher prices during the quarter helped the company. For 9MFY21, gross margins averaged at 26% against 7% for 9MFY20.
For March-2021 Quarter, FCCL achieved Sales growth of 51%YoY due to improvement in Volumetric dispatches and higher rices. For 9MFY21, Sales of the company increased by 30%YoY to PKR17.5billion.

FCCL finance cost declined by 40% YoY in 9MFY21 due to decline in debt cost of the company given 625bps policy rate cut by SBP.

Furthermore, FCCL operating income increased by 106% in 9MFY21 to PKR 152million.

PKR in Millions9MFY20219MFY2020% Change
Revenue17,52813,48230%
Gross profit4,480878410%
Distribution cost(142)(152)-7%
Administrative expenses(371)(361)3%
Other expenses(277)(14)1879%
Other income15274105%
Profit from operations3,842425804%
Finance cost(90)(150)-40%
Profit before taxation3,7532751265%
Profit after taxation2,610272860%
Earnings per share 1.890.20 

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