Maple Leaf Cement 1QFY27 profit jumps 54% to Rs4bn
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MG News | October 27, 2026 at 10:11 AM GMT+05:00
October 27, 2026 (MLN): Consolidated profit for the period of Maple Leaf Cement Factory Limited (PSX: MLCF) rose 54.19% year-on-year to Rs4.21bn for the three months ended September 30, 2026, compared with Rs2.73bn in the same period last year.
Basic and diluted earnings per share (EPS) increased 36.15%
to Rs3.54 from Rs2.60 in the corresponding quarter last year.
The growth came from a near doubling of revenue and a more
than doubling of gross profit. A more than six-fold jump in finance cost, a
steep share of loss from an associated company and a doubled tax charge partly
offset the gains.
Net revenue from contracts with customers rose 87.57% to
Rs30.92bn from Rs16.48bn. Cost of sales grew at a slower pace of 72.01% to
Rs18.73bn from Rs10.89bn, lifting gross profit more than two-fold to Rs12.18bn
from Rs5.59bn.
Selling and distribution expenses edged up 3.60% to
Rs802.15m from Rs774.27m, while administrative expenses rose 82.91% to Rs1.07bn
from Rs586.88m.
Net impairment loss on financial assets increased 78.89% to
Rs161.00m from Rs90.00m, and other expenses more than doubled to Rs551.42m from
Rs232.09m. Other income fell 28.87% to Rs353.96m from Rs497.59m.
Net of other income, expenses grew 88.43% to Rs2.23bn from
Rs1.19bn.
As a result, operating profit more than doubled, rising
125.81% to Rs9.95bn from Rs4.41bn.
Finance cost surged more than six-fold to Rs2.47bn from
Rs396.71m, while finance income rose 25.73% to Rs77.17m from Rs61.37m. Net
finance cost jumped more than seven-fold to Rs2.39bn from Rs335.34m.
The company also recorded a share of loss in an associated
company of Rs683.13m, against Rs3.09m last year.
Profit before final taxes and income tax grew 68.93% to
Rs6.87bn from Rs4.07bn. Final taxes (levy) were unchanged at Rs16.74m, and
profit before income tax rose 69.21% to Rs6.85bn from Rs4.05bn.
Income tax doubled to Rs2.65bn from Rs1.32bn, which absorbed
part of the gains and left profit for the period at Rs4.21bn.
|
CONSOLIDATED STATEMENT
OF PROFIT OR LOSS FOR THE THREE MONTHS ENDED SEPTEMBER 30, 2026 (Rs.000) |
|||
|
Description |
2026 |
2025 |
Change (%) |
|
Revenue from contracts
with customers - net |
30,917,726 |
16,483,361 |
87.57% |
|
Cost of sales |
(18,734,560) |
(10,891,752) |
72.01% |
|
Gross profit |
12,183,166 |
5,591,609 |
117.88% |
|
Selling and distribution
expenses |
(802,147) |
(774,268) |
3.60% |
|
Administrative expenses |
(1,073,478) |
(586,878) |
82.91% |
|
Net impairment loss on
financial assets |
(161,000) |
(90,000) |
78.89% |
|
Other expenses |
(551,424) |
(232,092) |
137.59% |
|
Other income |
353,957 |
497,585 |
-28.87% |
|
Subtotal |
(2,234,092) |
(1,185,653) |
88.43% |
|
Operating profit |
9,949,074 |
4,405,956 |
125.81% |
|
Finance cost |
(2,471,991) |
(396,710) |
523.12% |
|
Finance income |
77,166 |
61,372 |
25.73% |
|
Finance cost - net |
(2,394,825) |
(335,338) |
614.15% |
|
Share of loss in
associated company |
(683,134) |
(3,091) |
22000.74% |
|
Profit before final
taxes and income tax |
6,871,115 |
4,067,527 |
68.93% |
|
Final taxes - levy |
(16,743) |
(16,743) |
|
|
Profit before income tax |
6,854,372 |
4,050,784 |
69.21% |
|
Income tax |
(2,647,704) |
(1,322,546) |
100.20% |
|
Profit for the period |
4,206,668 |
2,728,238 |
54.19% |
|
Earnings per share-
basic and diluted (Rupees) |
3.54 |
2.6 |
36.15% |
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