📈 POWER: BUY Signal (8/10) – Financial Results for the Quarter Ended September 30, 2025

📌 Key Takeaways

• 📈 Revenue soared by 55% to PKR 7.81 billion, driven by increased demand.
• 💰 Gross profit surged by 119% to PKR 2.71 billion, boosted by enhanced production efficiencies and effective cost management.
• 💪 EBITDA skyrocketed by 124% to PKR 1.97 billion, reflecting improved cost control.
• ⚙️ Operating profit jumped by 159% to PKR 1.76 billion, supported by better plant utilization and energy efficiency.
• 📉 Finance costs decreased by 55% to PKR 505 million, owing to falling interest rates and sponsor support.
• ✅ The Company posted a profit before tax of PKR 1.25 billion, compared to a loss of PKR 429 million in the corresponding quarter last year.
• ✔️ Profit after tax stood at PKR 804 million, translating into basic and diluted EPS of PKR 0.60 and PKR 0.58, respectively.
• 🏭 Cement production volume increased by 28% year-over-year (YoY).
• 🌍 Overall sales volume increased by 52% YoY, as clinker and cement exports increased.
• 🌱 Total cement dispatches increased by 16.25% year-over-year (YoY).
• 🏘️ Domestic cement dispatches increased by 15.08% year-over-year (YoY).
• 🌍 Export cement dispatches increased by 20.81% year-over-year (YoY).
• ❌ No cash dividend, bonus shares, or right shares were recommended by the board for the period.

🎯 Investment Thesis

I recommend a BUY rating on POWER, based on the company’s significant turnaround in financial performance. The strong revenue growth, improved profitability, and reduced finance costs make it an attractive investment. The company’s focus on operational excellence and cost optimization should support sustained growth. With domestic and export demand trending positively, this provides a great tailwind for company growth.