External broker reports(aggregated public sources), Topline Securities

Topline Securities

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External broker reports(aggregated public sources)

Equity Bottom-Up

<ul>
<li>Lucky Cement announced its 3QFY25 result, reporting consolidated earnings of Rs17.95bn (EPS of Rs12.25), up 15% YoY but down 16% QoQ.</li>
<li>The result was below expectations due to lower-than-expected Gross Margins and Share of Profit from Associates.</li>
<li>No cash dividend was announced, which was in line with expectations.</li>
</ul>


Lucky Cement announced its 3QFY25 result, reporting consolidated earnings of Rs17.95bn (EPS of Rs12.25), up 15% YoY but down 16% QoQ.
The result was below expectations due to lower-than-expected Gross Margins and Share of Profit from Associates.
No cash dividend was announced, which was in line with expectations.


Lucky Cement (LUCK): 3QFY25 EPS at Rs12.25, up by 15% YoY (Earnings lower than expectations)