Lucky Cement Limited plans to grow its cement production capacity through a 3.2-million-ton-per-year brownfield expansion at its Karachi plant and a 1.6MTPA addition to its integrated cement facility in Congo. The business outlined these projects during its corporate briefing for the first quarter of fiscal year 2027, stating that commercial operations in Karachi should begin in December 2027 while construction mobilization for the Congo project started in early second quarter of FY28 with an 18-month completion timeline.
Management stated that the Karachi project will satisfy rising local and export needs, whereas the Congo site will improve international market positioning.
Lucky Cement Expands Renewable Energy Capacity
The firm is growing its renewable energy portfolio by adding 15 megawatts of solar capacity and a 15MW battery energy storage system at its Pezu plant, which will bring total installed solar capacity to 104.3MW. Furthermore, the company is installing 22.5MW of wind turbines to push total wind capacity to 51.3MW, with commissioning scheduled for the second quarter of FY28. These updates will bring total renewable energy capacity to 221.6MW.
Domestic Sales Rise 13% in First Quarter
Domestic sales volume grew by 13 percent to 1.8 million tons during the first quarter of FY27, up from 1.6 million tons previously, lifting domestic market share to 16.8 percent from 16.1 percent. Export sales volume dropped 1.9 percent to 0.81 million tons compared to 0.83 million tons, though export market share climbed from 31.9 percent to 35.2 percent.
Revenue Rises, Consolidated Profit Declines
Standalone net revenue for Lucky Cement grew 21 percent to Rs. 41.1 billion in the first quarter of FY27 from Rs. 33.9 billion in the prior year period. Gross profit increased 14 percent to Rs. 15.1 billion, operating profit jumped 12 percent to Rs. 11.8 billion, and profit after tax rose 17 percent to Rs. 17.1 billion from Rs. 14.6 billion.
Consolidated revenue increased 5 percent to Rs. 131.9 billion, and gross profit rose 3 percent to Rs. 34 billion. Operating profit dropped 0.7 percent to Rs. 26.6 billion, while profit after tax decreased 4 percent to Rs. 22.6 billion from Rs. 23.6 billion.
The company noted that Pakistan maintains a cautiously positive economic outlook backed by macroeconomic stability, reforms, and stronger external indicators, though fiscal pressures, structural challenges, and geopolitical risks still threaten steady growth.
