Pioneer Cement profit surges 73% to Rs2bn

Pioneer Cement Limited reported a 73.37% year-on-year increase in profit after tax to Rs2.21 billion for the quarter ended September 30, 2026, Mettis Global reported. Basic and diluted earnings per share climbed 73.26% to Rs9.72, compared with Rs5.61 a year earlier. Gross revenue advanced 21.86% to Rs15.98 billion, while net revenue grew 28.87% to Rs10.85 billion.

The company’s gross profit rose 50.04% to Rs3.76 billion as cost of sales increased more slowly than net revenue. Operating profit gained 52.54% to Rs3.37 billion, while finance costs fell 93.69% to Rs13.51 million. Higher other expenses and a 59.43% increase in taxation partly countered those improvements, with the tax charge reaching Rs1.30 billion.