Gharibwal Cement Limited has released its unaudited interim financial statements for the first quarter ended September 30, 2026, highlighting significant challenges due to operational disruptions.
- Net sales decreased by 22% to PKR 3,852.08M compared to PKR 4,928.32M in the same quarter last year.
- Gross profit fell by 54% to PKR 298.97M, down from PKR 653.35M.
- Profit after tax (PAT) plummeted by 97% to PKR 9.07M, compared to PKR 277.58M in the previous year.
- Earnings per share (EPS) dropped to PKR 0.02 from PKR 0.69.
- Cement dispatches declined by 31% due to kiln production issues; the company supplemented clinker through purchases.
- Total assets increased to PKR 46,388.07M from PKR 41,481.24M, driven by a revaluation surplus on property, plant, and equipment.
- The company anticipates resuming normal production by November 2026, aiming to recover dispatch volumes.