Lucky Cement profit falls 4% to nearly Rs23bn in 1QFY27

October 29, 2026 (MLN): Consolidated profit after taxation of Lucky Cement Limited (PSX: LUCK) fell 4.26% year-on-year to Rs22.56bn for the three months ended September 30, 2026, compared with Rs23.56bn in the same period last year.

Basic and diluted earnings per share (EPS) declined 1.67% to Rs14.76 from Rs15.01 in the corresponding quarter last year.

The decline came from a 24.78% drop in share of profit from joint ventures and associates, along with higher distribution and administrative costs. Higher revenue, a 2.63% rise in gross profit, lower finance costs and a lower tax charge partly cushioned the impact.

Gross revenue grew 5.96% to Rs166.34bn from Rs156.99bn. Sales tax and federal excise duty rose 3.92% to Rs28.69bn from Rs27.61bn, while rebates and incentives increased 38.60% to Rs5.79bn from Rs4.18bn. Net revenue rose 5.32% to Rs131.86bn from Rs125.21bn.

Cost of sales rose slightly faster, by 6.28%, to Rs97.90bn from Rs92.11bn, which limited gross profit growth to 2.63% at Rs33.97bn, compared with Rs33.09bn.

Distribution costs increased 11.60% to Rs4.64bn from Rs4.16bn, while administrative expenses rose 27.75% to Rs2.70bn from Rs2.11bn.

Finance costs fell 3.43% to Rs4.64bn from Rs4.81bn, providing modest relief. Other income/expenses (net) improved 4.23% to Rs2.64bn from Rs2.53bn.

Share of profit from joint ventures and associates dropped 24.78% to Rs4.06bn from Rs5.40bn.

As a result, profit before taxation and levy declined 4.22% to Rs28.69bn from Rs29.95bn. Levy rose 13.08% to Rs204.94m from Rs181.24m, taking profit before taxation down 4.32% to Rs28.48bn from Rs29.77bn.

Taxation fell 4.56% to Rs5.93bn from Rs6.21bn, which left profit after taxation at Rs22.56bn.

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