AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service
Karachi: The first quarter of fiscal year 2026 earnings previews for Fauji Cement Company Ltd (FCCL), Cherat Cement Company Ltd (CHCC), and Attock Cement Pakistan Ltd (ACPL) reveal a varied performance across the sector, according to a report by JS Global.
FCCL is anticipated to report an earnings per share (EPS) of Rs1.44, reflecting a 9% increase compared to the same period last year. The growth is attributed to a notable 13% rise in dispatches and a reduction in financial charges.
In contrast, ACPL is expected to demonstrate a significant turnaround, with an EPS of Rs5.61 for the quarter, a substantial increase from Rs0.45 in the previous year. This improvement is largely driven by higher dispatch volumes and a 12.3 percentage point expansion in gross margins.
On the other hand, CHCC’s earnings are projected to decline by 34%, with an EPS of Rs9.8. This decrease is linked to a 9.4 percentage point drop in gross margins, influenced by weaker retention prices and a decrease in the effective tax rate, which stood at 18% in the same quarter last year.
The report maintains an “Overweight” stance on the sector, bolstered by a 15% rise in domestic dispatch volumes and a reduction in coal prices during the quarter.