Rawalpindi: The Board of Directors of Fauji Cement Company Limited (FCCL) announced the financial results for the first quarter of the fiscal year 2025, ending on September 30, 2024. The company reported a 24% year-over-year increase in profit after tax, amounting to 3,246.73 million Pakistani Rupees, up from 2,614.00 million Rupees in the same period last year.
According to the company's statement, the Board, during a meeting held on October 25, 2024, at the company’s head office in Rawalpindi, resolved not to recommend any cash dividend, bonus shares, or right shares for this period. The financial performance was attributed to improved domestic sales, stable sale prices, and strategic cost optimization, which included increased utilization of local coal and alternative fuels, as well as enhancements in solar power generation.
The company's gross profit margin improved to 34% from 31% in the corresponding period last year. Revenue for the quarter grew to 22,956.41 million Rupees, compared to 20,313.09 million Rupees in the previous year, while the cost of sales was 15,072.58 million Rupees, up from 13,991.88 million Rupees. Operating profit stood at 6,588.14 million Rupees, compared to 5,077.37 million Rupees in the same quarter last year.
The net finance cost for the period was 1,355.30 million Rupees, an increase from 1,069.64 million Rupees the previous year, influenced by a rise in finance cost to 1,675.50 million Rupees from 1,130.11 million Rupees. Profit before taxation was reported at 5,232.84 million Rupees, up from 4,007.73 million Rupees in the same quarter of the previous year. An income tax expense of 1,986.12 million Rupees was recorded, compared to 1,393.73 million Rupees in the previous year.
According to information available from the Pakistan Stock Exchange (PSX), the company’s earnings per share increased to 1.32 Rupees from 1.07 Rupees year-over-year. The company's statement of changes in equity showed an increase in accumulated profit, which rose to 36,863.97 million Rupees as of September 30, 2024, from 33,617.24 million Rupees at the beginning of the quarter.
The first quarterly report for the fiscal year 2025 will be transmitted through the Pakistan Unified Corporate Action Reporting System (PUCARS) within the specified period. FCCL's financial statements indicate a strategic focus on optimizing costs and enhancing profitability amid stable market conditions.