Karachi: Lucky Core Industries Limited has reported a decline in its quarterly profit for the first quarter ended September 30, 2026, as the company grappled with increased costs and financial pressures. The report, released on October 27, 2026, details the financial performance of the company, highlighting significant shifts compared to the same period last year.

The company's net turnover rose to 29.90 billion PKR from 28.62 billion PKR in the corresponding period of the previous year. Despite this increase in revenue, the cost of sales also rose, reaching 24.50 billion PKR from 22.46 billion PKR, which contributed to a decrease in gross profit to 5.40 billion PKR from 6.16 billion PKR.

Operating profit stood at 2.83 billion PKR, down from 3.78 billion PKR, as selling and distribution expenses increased to 1.84 billion PKR from 1.73 billion PKR, and administration and general expenses rose to 728.96 million PKR from 650.80 million PKR. Finance costs also saw a significant increase, rising to 765.80 million PKR from 544.02 million PKR, and exchange losses increased to 34.20 million PKR from 6.05 million PKR.

According to information available from the Pakistan Stock Exchange (PSX), the company's profit before final taxes and income tax decreased to 2.59 billion PKR from 3.60 billion PKR, while profit before income tax fell to 2.48 billion PKR from 3.51 billion PKR. The final taxes amounted to 105.87 million PKR, up from 90.29 million PKR, further impacting the bottom line.

The company reported a profit for the period of 1.62 billion PKR, compared to 2.15 billion PKR in the same quarter of the previous year. This represents a very large or significant move in profitability, primarily driven by increased operational costs and financial expenses.

Earnings per share also reflected this downturn, with basic and diluted earnings per share recorded at 3.52 PKR, down from 4.66 PKR. The decline in profit is attributed to higher cost structures and increased financial obligations, marking a challenging quarter for the company.