Pioneer Cement profit surges 73% to Rs2bn

October 23, 2026 (MLN): Profit after taxation of Pioneer Cement Limited (PSX: PIOC) rose 73.37% year-on-year to Rs2.21bn for the quarter ended September 30, 2026, compared with Rs1.27bn in the same period last year.

Basic and diluted earnings per share (EPS) increased 73.26% to Rs9.72 from Rs5.61 in the corresponding quarter last year.

The growth came from higher sales, a 50% rise in gross profit and a 93.69% cut in finance costs. Higher other expenses and a heavier tax charge partly offset the gains.

Gross revenue from contracts with customers grew 21.86% to Rs15.98bn from Rs13.12bn. Sales tax rose 19.59% to Rs2.70bn from Rs2.26bn, and federal excise duty increased 8.30% to Rs2.38bn from Rs2.20bn.

Discounts, rebates and commission fell 77.68% to Rs53.85m from Rs241.32m. Net revenue rose 28.87% to Rs10.85bn from Rs8.42bn.

Cost of sales rose at a slower pace of 19.89% to Rs7.09bn from Rs5.91bn, which lifted gross profit 50.04% to Rs3.76bn from Rs2.51bn.

Distribution cost increased 24.21% to Rs50.26m from Rs40.47m, while administrative expenses rose 6.92% to Rs149.40m from Rs139.73m. Other expenses grew 63.50% to Rs188.06m from Rs115.02m.

As a result, operating profit climbed 52.54% to Rs3.37bn from Rs2.21bn.

Other income rose 61.50% to Rs147.72m from Rs91.47m. Finance costs plunged 93.69% to Rs13.51m from Rs214.29m, providing significant relief.

Profit before taxation grew 67.93% to Rs3.51bn from Rs2.09bn.

Taxation rose 59.43% to Rs1.30bn from Rs814.59m, which absorbed part of the gains and left profit after taxation at Rs2.21bn.

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