Lucky Cement ki 1QFY24 mein profitability behtar hui kyun ke cement ke dipatches mein 39.4% yearly increment hua, jis mein market share ki behtari (1QFY24 mein 17.5% vs 1QFY23 mein 14.8%) ki wajah se tha, jo pichle saal capacity mein izafay ki wajah se hui. Consolidated basis par munafa 225% saalana izafa hua, jisme Lucky Electric aur foreign cement operation ka bara hissa tha.
Foreign cement operation ke contribution mein izafa hua kyun ke currency ki qeemat gir gai, Furnace Oil (FO) se Gas par tabdeel hone, strong cement demand aur behtareen prices ki wajah se .
Lucky Electric ne 1QFY24 mein apni 100% theek hone ki success ko continue rakha. Lucky Electric ab 3-3.5 months ke debts mein mubtila hai. Management ke mutabiq, circular debt asal masla hai aur Government isko hal karne ke liye kuch reforms kar rahi hai.
FY24 ke liye, pehle management ne local cement selling mein 5-10% girawat ki tajwez ki thi. Magar mulk ke northern areas mein kam barish aur slightly improved economic conditions ki wajah se management ko ab bechne mein 5% tak izafa ki tawaqo hai.
Export coal ki qeemat mein izafa hone ke challanges ka samna karna parega. Is ke alawa, exports par kam profite ka masla jari rahega. PKR ki qeemat mein izafa hone ke bawajood exports ka munafa margin positive rahega.
LUCK ka current MRP North mein Rs1,150/bag aur South mein thora kam Rs1,100/bag hai.
Company ne abhi hal hi mein Pezu plant par 6MW ke solar project ko complete karne ki approval di hai aur isey FY24 ke end tak mukammal hone ki tawaqo hai. Solar plant ki keemat suddenly Rs150mn/MW ho gai he. Management ke mutabiq, company total power mix mein renewable ke hissay ko 40-45% tak barhane ki koshish kar rahi hai.
LUCK South plant ke liye imported coal ka istemal karta hai aur North plant ke liye Afghan aur local coal ke mixture ka istemal karta hai. Ab Afghan ke prices mein izafa ho gaya hai, isliye company local coal par zyada tawajjo de rahi hai. Aam tor par coal mix 60% imported aur 40% local hai.
Management ke mutabiq, cement operations ke liye Thar coal ka istemal bina bari investments ke mumkin nahi hai.
Management ke mutabiq, coming quarter mein cement ke munafay mein kami aur sardi ke bais kam talab ki tawaqo hai. Auto segment ka profit mehdood rehne ki expectation hai, magar power, mobile aur chemical segment apne performance ke trajectory par rahenge.
LUCK Rs 3bn ki shakhsiyat ke tor par Lucky Core Ventures (Pvt.) Ltd. mein invest karne ka irada rakhta hai. Iske alawa, company Rs1bn apne associated company National Resources (Pvt.) Ltd. mein invest karne ka irada hai. NRL exploration aur mining ke activities (mainly gold and copper) ko complete karne ke liye tayyar hai. Company ke pass Baluchistan ke chagai district Baluchistan mein 499.17 sq. km ke hisse par exploration license hai. Yeh 3-5 saal tak lambi muddat ka mamooli project hoga, Annual Briefing kay mutabiq.
Report – Muhammad Noman – MN
