HUBCO, 2QFY24 mein consolidated NPAT PKR 15.3 billion (EPS: PKR 11.80) hoga, jo ke 10% QoQ mein kam, lekin 15% YoY mein izafah ka shikar hai. Yeh income mein decline CPHGC ke bare faiday aur PKR ka thora sa US Dollar ke khilaf tezi se barhne ki wajah se hai. Saath hi, yearly increment mein Thar coal plants ka shamil hona aur Rupee ka US Dollar ke khilaf 27% ki wusat se juda hai. Is result mein, 1HF+NPAT ka andaza hai ke ye PKR 32.3 billion (EPS: PKR 24.97) tak pahunchega, jo ke 45% YoY mein izafay ka hamil hai. Expectations hain ke HUBCO 2Q mein PKR 3.50 ka inte DPS jari karega, jis se 1HFY24 DPS PKR 8.50 tak pahunchega.
- Net revenue 2QFY24 mein PKR 25.8 billion tak decline hua, jo ke 23% QoQ mein kami ka sabab Hub plants ki kam power generation aur sardi ke doran kam demand hai.
- HUBCO ki overall power generation 2Q mein 26% QoQ kam hui, jisme decline zyadatar sardi ke doran kam power demand ka sabab hai.
- Associates se Share of Profit 2Q mein PKR 1.8 billion hoga, jo ke 2% QoQ mein kami ka shikar hai lekin 18% YoY mein increase ka hamil hai.
- HUBCO ki finance cost 2Q mein PKR 7.6 billion hogi, jo ke 8% QoQ mein izafay ka shikar hai.
Reporta kay mutabiq HUBCO ki ummed hai ke 2QFY24 mein PKR 3.50/sh ka interim dividend jari karegi, jo ke 1HFY23 cumulative dividend ko PKR 8.50/sh tak pahunchayegi.
Aage ki taraf dekhte hain, to lagta hai ke HUBCO ko chahiye ke ye stable dividend jari rakhe, kyun ke tamam expansion projects online hain. Lekin, circular debt ke masle ko bhi ghaur se dekhna hoga. HUBCO par Buy rating jari rehne ka khyal hai, jiska Jun’24 TP PKR 140 hai.
