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HomeBusinessTHATTA CEMENT KI SHAANDAAR PERFORMANCE: VIS NE RATING UPGRADE KARKE 'A' KAR...

THATTA CEMENT KI SHAANDAAR PERFORMANCE: VIS NE RATING UPGRADE KARKE ‘A’ KAR DI

VIS Credit Rating Company Limited (VIS) ne Thatta Cement Company Limited ki medium se long term rating ko ‘A’ (Single A) se upgrade karke ‘A-‘ (Single A Minus) se ‘A’ kar diya hai. Short term rating ab bhi ‘A-2’ hai. ‘A’ rating ka matlab hai ke Company ki credit quality achi hai aur risk factors mukhtalif economy changes ke saath badal sakte hain.

Ye rating upgrade is wajah se hua ke FY24 mein TCCL ki financial performance mein kaafi behtari dekhne ko mili. Company ka munafa barh gaya aur liquidity position bhi achi rahi. 

TCCL ka revenue bhi barh gaya jo ke zyada cement ke dispatches aur unki keemat barhne ki wajah se hua. Iske ilawa, imported coal ke bajaye domestic coal ka istemal aur 3.5 MW ka solar energy project shuru karne se production ki lagat bhi kam hui, jis se profitability barh gayi.

Company ka qarz ada karne ka plan mazboot hai aur unke capitalization metrics conservative hain. TCCL ka lamba muddat ka koi qarz nahi hai aur short-term borrowing bhi kam hai. Liquidity ka hisaab se bhi Company ka position mazboot hai.

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