External broker reports(aggregated public sources), Topline Securities

Topline Securities

External broker reports(aggregated public sources)

Topline Securities is one of the fastest growing brokerage houses in Pakistan. It has strong equity brokerage, economic / equity research, mutual fund distribution, commodity trading and corporate finance & advisory functions. Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

<ul><li>FCCL announced its 1QFY25 result today, where the company recorded earnings of Rs3.25bn (EPS of Rs1.32), up by 24% YoY.</li><li>The result came in-line with expectations in 1QFY25.</li><li>Alongside the result, the company did not announce any cash dividend in 1QFY25 which was also according to expectations.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

FCCL announced its 1QFY25 result today, where the company recorded earnings of Rs3.25bn (EPS of Rs1.32), up by 24% YoY.The result came in-line with expectations in 1QFY25.Alongside the result, the company did not announce any cash dividend in 1QFY25 which was also according to expectations.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Fauji Cement (FCCL): 1QFY25 EPS at Rs1.32, up by 24% YoY (Earnings in-line with expectations)

<ul><li>FCCL announced its 4QFY24 result today, where the company recorded earnings of Rs1.18bn (EPS of Rs0.48), up by 151% YoY.</li><li>The result came below expectations in 4QFY24 due to higher than expected effective tax rate for the company.</li><li>Alongside the result, the company announced final cash dividend of Rs1.0/share in 4QFY24, which was above industry expectations.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

FCCL announced its 4QFY24 result today, where the company recorded earnings of Rs1.18bn (EPS of Rs0.48), up by 151% YoY.The result came below expectations in 4QFY24 due to higher than expected effective tax rate for the company.Alongside the result, the company announced final cash dividend of Rs1.0/share in 4QFY24, which was above industry expectations.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Fauji Cement (FCCL): 4QFY24 EPS at Rs0.48, FY24 EPS at Rs3.35 (Earnings Below Expectations)

<ul><li>Fauji Cement (FCCL) announced 3QFY24 earnings of Rs1.77bn (EPS of Rs0.72), which is down by 6% YoY and by 33% QoQ. The result came in line with industry expectations.</li><li>This takes 9MFY24 earnings to Rs7.04bn (EPS of Rs2.87), up 1% YoY.</li><li>Earnings in 3QFY24 are down by 6% YoY due to lower gross margins, higher distribution expenses, and increase in effective tax rate.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Fauji Cement (FCCL) announced 3QFY24 earnings of Rs1.77bn (EPS of Rs0.72), which is down by 6% YoY and by 33% QoQ. The result came in line with industry expectations.This takes 9MFY24 earnings to Rs7.04bn (EPS of Rs2.87), up 1% YoY.Earnings in 3QFY24 are down by 6% YoY due to lower gross margins, higher distribution expenses, and increase in effective tax rate.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Fauji Cement (FCCL): 3QFY24 EPS at Rs0.72, Down by 6% YoY

<ul><li>In a notice to the exchange today, Fauji Cement Company (FCCL) announced the commissioning of its Greenfield cement manufacturing plant having a capacity of 6,500 tons per day of clinker (2mn tons annual) at Shadan Lund, District Dera Ghazi Khan.</li><li>This line also includes emission control features and Waste Heat Recovery Plant (WHR).</li><li>To highlight, FCCL completed this expansion project within a record time of just 13 months.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

In a notice to the exchange today, Fauji Cement Company (FCCL) announced the commissioning of its Greenfield cement manufacturing plant having a capacity of 6,500 tons per day of clinker (2mn tons annual) at Shadan Lund, District Dera Ghazi Khan.This line also includes emission control features and Waste Heat Recovery Plant (WHR).To highlight, FCCL completed this expansion project within a record time of just 13 months.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Topline Flash Note: FCCL Emerges as Third Largest Players in the Cement Industry

Thematic (Sector/Industry)

<ul><li>Topline Cement Universe is expected to post profitability of Rs13.3bn in 1QFY25 against profit of Rs12.9bn in 4QFY24, up by 3% QoQ, mainly due to lower financial charges.</li><li>On a QoQ basis, impact of lower domestic dispatches and higher coal costs have been mitigated by higher retention prices, especially in North (KPK).</li><li>While on YoY basis, Topline cement universe profitability is expected to decline by 6% YoY mainly due to lower domestic dispatches, down by 20% YoY to 8.13mn tons in 1QFY25.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Topline Cement Universe is expected to post profitability of Rs13.3bn in 1QFY25 against profit of Rs12.9bn in 4QFY24, up by 3% QoQ, mainly due to lower financial charges.On a QoQ basis, impact of lower domestic dispatches and higher coal costs have been mitigated by higher retention prices, especially in North (KPK).While on YoY basis, Topline cement universe profitability is expected to decline by 6% YoY mainly due to lower domestic dispatches, down by 20% YoY to 8.13mn tons in 1QFY25.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Pakistan Cement: Profitability Likely to Decline by 6% YoY in 1QFY25

Pakistan

Fauji Cement Company Limited manufactures and sells cement.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Fauji Cement (FCCL PA)

Fauji Cement (FCCL): 1QFY25 EPS at Rs1.32, up by 24% YoY (Earnings in-line with expectations)

FCCL announced its 1QFY25 result today, where the company recorded earnings of Rs3.25bn (EPS of Rs1.32), up by 24% YoY. The result came in-line...

Topline Securities

Fauji Cement (FCCL): 4QFY24 EPS at Rs0.48, FY24 EPS at Rs3.35 (Earnings Below Expectations)

FCCL announced its 4QFY24 result today, where the company recorded earnings of Rs1.18bn (EPS of Rs0.48), up by 151% YoY. The result came below...

Topline Securities

Fauji Cement (FCCL): 3QFY24 EPS at Rs0.72, Down by 6% YoY

Fauji Cement (FCCL) announced 3QFY24 earnings of Rs1.77bn (EPS of Rs0.72), which is down by 6% YoY and by 33% QoQ. The result came in line with...

Topline Securities

Topline Flash Note: FCCL Emerges as Third Largest Players in the Cement Industry

In a notice to the exchange today, Fauji Cement Company (FCCL) announced the commissioning of its Greenfield cement manufacturing plant having a...

Topline Securities

Pakistan Cement: Profitability Likely to Decline by 6% YoY in 1QFY25

Topline Cement Universe is expected to post profitability of Rs13.3bn in 1QFY25 against profit of Rs12.9bn in 4QFY24, up by 3% QoQ, mainly due...

Topline Securities

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)