Lucky Cement’s Strategic Cost Optimization and Renewable Ventures.

Karachi: Lucky Cement Company Limited (LUCK) conducted its Corporate Briefing yesterday to discuss 1QFY25 results and outlook. On a standalone basis, the company reported an EPS of Rs22.4 for 1QFY25, up 1% YoY/down 31% QoQ. Meanwhile, on a consolidated basis, the company posted EPS of Rs61.18 up 1% YoY and 23% QoQ.

According to JS Global, LUCK continues to invest in renewable energy capacity, and the company’s 28.8MW wind power plant recently commenced operations during the outgoing month. This plant, combined with the new solar and waste heat recovery plants (WHR), takes renewable energy capacity to 103.1MW – 55% of the company’s total electricity generation.

Regarding the core cement operations, management shared that it anticipates some recovery in local cement dispatches owing to improved macro indicators but expects it may not be enough to cover the 15% deficit volumes seen in 4MFY25.

The post Lucky Cement’s Strategic Cost Optimization and Renewable Ventures. appeared first on Pakistan Business News.