Karachi: Lucky Cement Ltd. reported an 18% year-over-year increase in standalone earnings for the second quarter of fiscal year 2026, driven by a surge in local sales despite a decline in export volumes. The company announced standalone earnings of PkR8.6 billion, equivalent to an earnings per share (EPS) of PkR5.9, compared to PkR7.3 billion (PkR5.0 EPS) in the same period last year.

According to AKD Securities Limited, the company's consolidated profitability rose by 6% year-over-year, reaching PkR22.6 billion (PkR15.4 per share). This growth was primarily supported by increased other income and reduced finance costs. However, standalone revenue decreased by 2% year-over-year to PkR33.9 billion, down from PkR34.5 billion in the same period last year, largely due to a 28.3% decline in export offtakes.

The company's gross margins improved to 36.2%, compared to 35.3% in the same period last year, benefiting from lower coal prices and reduced power costs from a greater reliance on low-cost renewable energy sources. Operating expenses also saw a decline of 17% year-over-year, amounting to PkR2.6 billion, down from PkR3.2 billion, primarily due to the lower export volumes.