April 23, 2025 (MLN): Lucky Core Industries Limited (PSX: LCI) reports 12.24% rise in net profit to Rs8.91 billion [EPS: Rs96.47] amid improved operating results and lower finance costs
This compares to a profit of Rs7.94bn [EPS: Rs85.94] recorded in the same period last year (SPLY).
The company’s net turnover edged up slightly by 1.05% to Rs92.05bn from Rs91.09bn in the corresponding period of the previous year.
Cost of sales remained nearly flat, decreasing marginally by 0.17% to Rs71.07bn, resulting in a 5.40% increase in gross profit, which reached Rs20.98bn.
Selling and distribution expenses rose by 2.89%, while administration and general expenses decreased by 4.70%.
As a result, operating results improved by 8.02%, standing at Rs13.69bn compared to Rs12.68bn in SPLY.
Finance costs declined significantly by 35.79% to Rs1.75bn, while exchange gains fell sharply by 78.25% to Rs28.47 million.
Other charges including workers’ profit participation fund, workers’ welfare fund, and others totaled Rs2.53bn, down 21.13% from the previous period.
Other income rose by 4.61% to Rs2.82bn, while share of profit from associate turned positive at Rs28.87 million compared to a loss of Rs106.5m in SPLY.
Current tax expenses increased by 37.54% to Rs5.18bn, while deferred tax expenses reversed from a gain of Rs272.06m to an expense of Rs80.47m, bringing the total tax burden to Rs5.26bn—up 50.56%.
Profit for the period amounted to Rs8.91bn, reflecting a 12.24% increase from Rs7.94bn in the same period last year.
Profit attributable to the owners of the holding company stood at Rs8.91bn, up 12.26%, while non-controlling interests declined by 80.47% to Rs332,000.
Earnings per share (EPS) rose to Rs96.47, up from Rs85.94 in the previous year—an increase of 12.25%.
| CONSOLIDATED CONDENSED INTERIM STATEMENT OF PROFIT OR LOSS (UNAUDITED) (Rs in ‘000) | |||
| Description | Mar-25 | Mar-24 | %Change |
| Net turnover | 92,049,469 | 91,093,542 | 1.05% |
| Cost of sales | (71,072,963) | (71,190,951) | -0.17% |
| Gross profit | 20,976,506 | 19,902,591 | 5.40% |
| Selling and distribution expenses | (5,515,983) | (5,361,286) | 2.89% |
| Administration and general expenses | (1,776,000) | (1,863,565) | -4.70% |
| Operating result | 13,694,523 | 12,677,740 | 8.02% |
| Finance costs | (1,754,955) | (2,733,209) | -35.79% |
| Exchange (loss) / gain | (28,468) | 130,897 | |
| Workers’ profit participation fund | (378,906) | (329,265) | 15.08% |
| Workers’ welfare fund | (267,695) | (186,447) | 43.58% |
| Other charges | (99,321) | (89,098) | 11.47% |
| (2,529,345) | (3,207,122) | -21.13% | |
| Gain on bargain purchase | 172,183 | — | |
| Other income | 2,816,829 | 2,692,812 | 4.61% |
| Share of (loss) / profit from associate | 28,873 | (106,502) | |
| Taxation – Final taxes | (12,657) | (624,311) | |
| Profit before income tax | 14,170,406 | 11,432,617 | 24.06% |
| Taxation – Income tax | |||
| — Current | (5,179,849) | (3,765,971) | 37.54% |
| — Deferred | (80,466) | 272,057 | -129.58% |
| (5,260,315) | (3,493,914) | 50.56% | |
| Profit for the period | 8,910,091 | 7,938,703 | 12.24% |
| Attributable to: | |||
| — Owners of the Holding Company | 8,909,759 | 7,937,003 | 12.26% |
| — Non-controlling interests | 332 | 1,700 | -80.47% |
| Profit for the period (Total) | 8,910,091 | 7,938,703 | 12.24% |
| Basic and diluted earnings per share (PKR) | 96.47 | 85.94 | 12.25% |
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