Lucky Cement’s bottom line booms in Q1FY26

28-Oct-2025


MettisGlobal


October 28, 2025 (MLN): Lucky Cement Limited (PSX: LUCK) has reported a profit after taxation (PAT) of Rs 23.56 billion for the quarter ended September 30, 2025, reflecting a 19% year-on-year increase. 

This is due to higher contributions from joint ventures and lower finance costs helped offset margin pressure from rising input expenses.

The company’s strong bottom-line performance translated into a 22.63% jump in earnings per share (EPS) to Rs15.01, up from Rs12.24 (restated) a year earlier.

Despite cost-side challenges, the net profit margin improved by 1.32 percentage points to 19.06%, showcasing greater operational efficiency.

Gross revenue rose 13.54% to Rs155.38bn, while net revenue increased 10.72% to Rs123.6bn, after accounting for a sharp 25.46% rise in sales tax and excise duty.

However, the cost of sales grew faster, up 15.29% to Rs 92.11bn, squeezing the gross profit margin by 2.96 percentage points to 25.47%, compared to 28.43% last year.

Consequently, gross profit dipped marginally by 0.78% to Rs 31.48bn.

Finance cost dropped 40.03% to Rs4.81bn, saving the company over Rs3.20bn due to effective debt management and lower borrowing rates.

Share of profit from joint ventures and associates rose 27.38% to Rs5.4bn, supported by strong performance from affiliated entities. Other income (net) improved 26.58% to Rs4.14bn.

Distribution and administrative expenses remained tightly managed, declining by 6.61% and 1.06%, respectively.

As a result, profit before taxation and levy increased 21.49% to Rs29.95bn.

Even with taxation rising nearly 40% to Rs6.21bn, the company sustained its growth momentum, ending the quarter with a profit after tax of Rs23.56bn.

Statement of Profit/Loss for the period ended on September 30, 2025 (Rs’000)

2025

2024

Change

Gross Revenue

155379585

136852319

13.54%

Less: Sales tax and excise duty

-27607769

-22004348

25.46%

Rebates and incentives

-4176367

-3222527

29.60%

Net Revenue

123595449

111625444

10.72%

Cost of sales

-92114251

-79895829

15.29%

Gross Profit

31481198

31729615

-0.78%

Distribution cost

-4157480

-4451612

-6.61%

Administrative expenses

-2109979

-2132538

-1.06%

Finance cost

-4807710

-8017398

-40.03%

Other income / expense - net

4143155

3273225

26.58%

Share of profit - joint ventures and associates

5403607

4242081

27.38%

Profit before taxation and levy

29952791

24643373

21.49%

Levy

-181236

-404675

-55.21%

Profit before taxation

29771555

24238698

22.83%

Taxation

-6210065

-4438664

39.91%

Profit after taxation

23561490

19800034

19.00%

Earnings per share - basic and diluted (Rs)

15.01

12.24

22.63%