Islamabad — Bestway Cement Limited has reported a profit after tax of Rs17.91 billion for the nine-month period ended March 31, 2026, compared with Rs17.54 billion recorded in the corresponding period last year.
According to the company’s financial statements, earnings per share (EPS) increased to Rs30.04, up from Rs29.42 a year earlier. The results were submitted following a meeting of the company’s Board of Directors held on April 15, 2026.
Revenue shows moderate growth
Bestway Cement’s gross turnover reached approximately Rs130.26 billion during the nine months under review, compared with Rs127.82 billion in the same period of 2025.
After accounting for sales returns, discounts, sales tax and excise duty, the company recorded net revenue of Rs82.39 billion, slightly higher than Rs81.999 billion in the corresponding period.
The company’s gross profit, however, declined to around Rs23.37 billion from Rs28.48 billion a year earlier. Operating profit also fell to approximately Rs19.52 billion, compared with Rs24.46 billion in the previous comparable period.
Lower finance costs support bottom line
Despite the decline in operating profit, Bestway Cement benefited from a significant reduction in finance costs. Finance costs stood at approximately Rs3.98 billion for the nine-month period, compared with Rs6.30 billion in the same period of 2025.
The company also recorded a higher share of profit from equity-accounted investments, contributing approximately Rs10.94 billion, compared with Rs7.49 billion previously.
These factors helped offset pressure at the operating level and supported the company’s overall profitability.
Stronger quarterly performance
The company’s performance in the latest three-month period was also stronger than the corresponding quarter of the previous year.
For the quarter ended March 31, 2026, Bestway Cement reported profit after tax of approximately Rs6.82 billion, compared with Rs6.07 billion in the same quarter last year. Quarterly EPS increased to Rs11.43 from Rs10.19.
Rs10 per share interim dividend announced
Alongside the financial results, Bestway Cement’s board announced an interim cash dividend of Rs10 per share, equivalent to 100%.
The company stated that no bonus shares or right shares were announced. Shareholders whose names appear in the register of members as of April 23, 2026, will be entitled to the dividend.
The company also announced that its share transfer books would remain closed from April 24 to April 27, 2026, inclusive, for the purpose of determining eligibility for the entitlement.
Cash position and financial structure
The cash-flow statement shows that Bestway Cement generated approximately Rs12.74 billion in net cash from operating activities during the nine-month period. However, investing and financing activities resulted in additional cash outflows.
The company reported a net decrease of approximately Rs17.37 billion in cash and cash equivalents during the period, leaving cash and cash equivalents at around Rs20.41 billion at March 31, 2026.
Overall, Bestway Cement’s nine-month results show a modest increase in net profit and earnings per share despite weaker gross and operating profitability. Lower finance costs and stronger contributions from equity-accounted investments played an important role in supporting the bottom line, while the board’s Rs10-per-share interim dividend provides a significant cash return to eligible shareholders.
