Fauji Cement Company Ltd (FCCL): 2QFY22 EPS clocked in at Rs1.07, up 63% YoY – By Foundation Research

<p></p><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Fauji Cement Company Limited (FCCL PA) profitability clocked in at Rs1,473mn (EPS Rs1.07, up 63/8% YoY/QoQ) in 2QFY22 as compared to profit of Rs905mn in 2QFY21. This takes 1HFY22 profitability to Rs2,832mn (EPS of Rs2.05, up 77% YoY) as compared to profit of Rs1,601mn (EPS of Rs1.16) in 1HFY21.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">We attribute increase in FCCL profitability to (1) ~41/10% YoY/QoQ increase in cement retention prices in domestic market, (2) higher other income given strong cash position of the company and (3) increased domestic mix in overall sales.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">FCCL sales increased by 36/20% Yo...