PakStox Outlook

#PSX:HUBC - Hub Power. Financially, consolidated net profit stood at Rs. 34,249 million (EPS: Rs. 26.40), down from Rs. 49,547 million (EPS: Rs. 38.20) in the same quarter last year, primarily due to the termination and amendment of PPAs for the Hub and Narowal Plants. Unconsolidated net profit was Rs. 18,566 million (EPS: Rs. 14.31), compared to Rs. 21,958 million (EPS: Rs. 16.93) last year, mainly due to the same PPA termination, though partially offset by increased dividend income and lower finance costs. Operational highlights included continued power generation across multiple plants, with notable output from TN (1,300 GWh at 66% load factor) and TEL (1,102 GWh at 56%). In the exploration and production segment, the Company progressed with the South West Miano III block, having secured JV budget and begun preparations for drilling, while continuing to explore further opportunities. On the growth front, Mega Motor Company launched BYD experience centers in major cities and is worki...

For the latest quarter, Q2 ending Dec2024, Hub Power (PSX: HUBC) posted a profit of Rs. 4.5 per share and declared a cash dividend of Rs. 5 per share. This quarter, HUBCO showed a gross loss of Rs. 516 million. The income was primarily from dividend income of Rs. 8.3 billion that HUBCO recorded this quarter. This brings the net income of HUBC to a total of Rs. 25.1 per share for the last four quarters, while the total cash distribution over the last four quarters was Rs. 16 per share. The cumulative net income of the last four quarters stands at 13% lower compared to the cumulative total of the prior four quarters.  As of the week ending 21 Feb 2025, HUBC overperformed the KSE100 by 3% over the past 3 months. However, over the past 1 year, HUBC has lagged behind the KSE100 by 69%. Indices Weighting: KSE100 Index—Medium; KSE30 Index—High; KMI30—High. https://dps.psx.com.pk/download/document/248230.pdf

HUBC: 2nd Quarter Earning Release - Period Ending 31 Dec 2022 EPS (2ndQ):  Rs. 8.72 -  Up one and a half times over last quarter. HUBC Announced a cash Dividend of Rs. 5.75 for the 2nd quarter. This is in addition to a hefty cash dividend of Rs. 15.5 paid in the first quarter. This takes this Power Producers ttm yield to over 30%. Don't expect a repeat though. Profit after Tax (Un-Consolidated) for the 2nd quarter was Rs 11.3 billion, increasing 1.5 times over first quarter. The increase in the profit after tax was primarily from 'other income' of Rs 8.2 billion. Gross profit for the quarter was just Rs. 6 billion declining 5.6% compared to first quarter ending September 2022. EBIT rose 100% boosted by other income. Financial cost saw quarterly increase of 4%.