KARACHI: Lucky Cement Ltd (LUCK) and D.G. Khan Cement Company Ltd (DGKC) are preparing for a mixed earnings report for the third quarter of fiscal year 2026, with notable variances in growth and profitability metrics.

According to JS Global, Lucky Cement is expected to report a standalone earnings per share (EPS) of Rs5.16 for 3QFY26, marking a 44% decrease year-over-year due to the absence of a significant Rs6 billion dividend from the previous year's earnings. Despite this, core cement earnings for LUCK are projected to grow by 31% year-over-year, attributed to increased dispatches and improved profit margins. Additionally, consolidated earnings are anticipated to rise by 21% year-over-year to Rs14.8 per share.

D.G. Khan Cement, in contrast, is projected to experience a 32% increase in earnings per share, reaching Rs6.0 per share. This growth is supported by a 16% year-over-year increase in net sales, which is linked to a 6% rise in dispatches and reduced finance costs. However, on a sequential basis, both companies are expected to see a decline in profitability, with LUCK and DGKC forecasted to experience a 4% and 29% drop, respectively, primarily due to lower quarter-on-quarter dispatches and reduced gross margins.