Lucky Core Industries Posts 28% Decline in Nine-Month Profit Amid Challenging Market Conditions

KARACHI: Lucky Core Industries Limited (LCI) reported a 28% year-on-year decline in consolidated profit after tax (PAT) for the nine months ended March 31, 2026, as weaker operating performance across its major business segments and lower investment income weighed on earnings.

According to the company’s financial results, consolidated net profit attributable to shareholders stood at PKR 6.50 billion, compared with PKR 8.98 billion in the corresponding period last year. Earnings per share (EPS) declined to PKR 14.08 from PKR 19.45 a year earlier.

The company reported net turnover of PKR 85.39 billion during the nine-month period, down 7% from PKR 92.05 billion recorded in the same period last year. Gross profit also fell to PKR 18.42 billion from PKR 20.98 billion, while operating profit declined 18% to PKR 11.20 billion, reflecting softer demand and challenging business conditions.

In its commentary accompanying the results, Lucky Core Industries attributed the weaker performance primarily to reduced operating results across its key business segments amid difficult market conditions. The company also noted that income from short-term investments decreased due to an average 500-basis-point reduction in the policy rate compared with the same period last year. However, the decline was partially offset by a PKR 340 million dividend received from its wholly owned subsidiary, Lucky Core PowerGen Limited.

For the third quarter alone, the company earned a consolidated profit of PKR 1.90 billion, down from PKR 2.61 billion in the corresponding quarter last year. Quarterly earnings per share came in at PKR 4.12, compared with PKR 5.65 a year earlier.

On a standalone basis, Lucky Core Industries reported a 25% decline in nine-month profit after tax to PKR 6.69 billion, while standalone EPS fell to PKR 14.50 from PKR 19.22 in the same period last year.

The board of directors did not announce any cash dividend along with the financial results for the third quarter and nine months ended March 31, 2026.

Despite the earnings pressure, Lucky Core Industries maintained a strong financial position, with consolidated total assets increasing to PKR 109.02 billion as of March 31, 2026, compared with PKR 104.33 billion at the end of June 2025. Total equity also improved to PKR 56.21 billion, supported by retained earnings during the period.