External broker reports(aggregated public sources), Topline Securities

Topline Securities

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External broker reports(aggregated public sources)

Equity Bottom-Up

Fauji Fertilizer Company / Equity Bottom-Up

<ul><li>Fauji Fertilizer Company (FFC) announced its 2Q2024 financial result today, wherein the company recorded highest ever unconsolidated quarterly profit of Rs15.5bn (EPS: Rs12.22), up 191% YoY. The result came in-line with industry expectations. It takes 1H2024 earnings to Rs26.1bn (EPS: Rs20.49) compared to Rs13.1bn (EPS: Rs10.28), up 99% YoY.</li><li>Along with the results, the company also declared its highest-ever quarterly cash dividend of Rs10/share (Payout ratio: 82%), exceeding industry expectations. It takes total 1H2024 cash dividend to Rs15.5/share (Payout ratio: 75.6%).</li><li>Net sales of the company increased by 61% YoY to Rs57bn in 2Q2024 due to jump in DAP offtake by 55% YoY to 41k tons coupled with increase in prices of Urea and DAP.</li></ul><p><em>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.</em></p>

Fauji Fertilizer Company (FFC) announced its 2Q2024 financial result today, wherein the company recorded highest ever unconsolidated quarterly profit of Rs15.5bn (EPS: Rs12.22), up 191% YoY. The result came in-line with industry expectations. It takes 1H2024 earnings to Rs26.1bn (EPS: Rs20.49) compared to Rs13.1bn (EPS: Rs10.28), up 99% YoY.Along with the results, the company also declared its highest-ever quarterly cash dividend of Rs10/share (Payout ratio: 82%), exceeding industry expectations. It takes total 1H2024 cash dividend to Rs15.5/share (Payout ratio: 75.6%).Net sales of the company increased by 61% YoY to Rs57bn in 2Q2024 due to jump in DAP offtake by 55% YoY to 41k tons coupled with increase in prices of Urea and DAP.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 Fertilizer Company (FFC); Posted highest ever quarterly profit and dividend in 2Q2024