Pioneer Cement Focuses on Debt Reduction and Cost Efficiencies Amid Strong Earnings Growth

Lahore: Pioneer Cement Limited (PIOC) held a corporate briefing session to discuss its financial results for FY24 and the first quarter of FY25, highlighting its commitment to debt reduction and cost efficiencies. The company reported a 92% year-on-year increase in earnings per share (EPS) for FY24, reaching Rs22.79. For the first quarter of FY25, EPS rose by 10% to Rs4.5.

According to JS Global, Pioneer Cement’s stable gross-level performance has been supported by an optimized fuel mix and a strategic reduction in its reliance on the national power grid. The company now utilizes local Darra coal extensively and has decreased its dependency on the national grid to a current rate of 3-4%, compared to 14.15% in FY24 and over 30% in FY23.

The briefing also noted the company’s positive market outlook, maintaining a “Buy” rating with a December 2025 target price of Rs274. This target suggests a 59% upside from current levels and an expected dividend yield of 10% for FY25.

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