Karachi: The Board of Directors of Bestway Cement Limited presented its first quarter report for the fiscal year 2026-27, revealing a robust financial performance. According to the unaudited financial statements for the quarter ending September 30, 2026, the company has managed to outperform industry growth in cement dispatches and reported significant improvements in its financial metrics.
The domestic cement industry experienced a notable increase in dispatches, with a 7.8% rise to 10.85 million tonnes compared to the same period last year. Conversely, export volumes saw a decline of 11.2%, attributed to border closures with Afghanistan and geopolitical challenges. Overall, the industry's dispatches grew by 3.89%, reflecting a gradual revival in construction activities and enhanced macroeconomic stability.
Bestway Cement Limited reported a 10.1% increase in total cement and Xtreme Bond sales, reaching 1,899,624 tonnes, thereby surpassing the industry's growth rate of 3.9%. The company maintained its position as the largest cement producer and market leader in Pakistan, despite facing intense competition.
Financially, Bestway Cement's gross turnover rose to Rs. 50.1 billion, a 21.46% increase from the previous year's Rs. 41.2 billion. The net turnover for the quarter surged by 24.87%, amounting to Rs. 32.3 billion, driven by higher sales volumes and improved selling prices. The company reported a gross profit of Rs. 10.1 billion, up from Rs. 7.2 billion in the prior year.
According to information available from the Pakistan Stock Exchange (PSX), Bestway Cement's financial charges decreased to Rs. 1.2 billion, down from Rs. 1.4 billion in the same quarter last year due to reduced borrowings. Profit before tax increased to Rs. 10.2 billion, compared to Rs. 8.2 billion for the corresponding quarter of 2025, while profit after taxation rose to Rs. 6.8 billion, up from Rs. 5.5 billion. The earnings per share improved to Rs. 11.47 from Rs. 9.22.
In terms of production, clinker production increased by 10.4%, and cement production rose by 7.5%. The company's focus on alternative energy sources continues, with significant investments in solar power installations to meet energy requirements. This initiative positions Bestway Cement as a leader in adopting green and renewable energy in Pakistan's industrial sector.
Environmental and social responsibility remain a priority for Bestway Cement, which has been recognized by WWF Pakistan for its efforts in reducing its carbon footprint and conserving resources. The company has implemented innovative water conservation measures, including air-cooled condenser systems and rainwater harvesting, fulfilling 100% of industrial water requirements at its Chakwal and Kallar Kahar plants.
The company's commitment to corporate social responsibility is evident, with over Rs. 570 million contributed to various initiatives during the period under review. These efforts underscore Bestway Cement's role as a responsible corporate entity focused on social welfare and environmental sustainability.
In light of these achievements, Bestway Cement has declared a first interim cash dividend of Rs. 10 per share, reflecting the company's commitment to delivering superior returns to its shareholders.