Cherat Cement earnings slide 19% to Rs5.5bn in 9MFY26
29-Apr-2026
MettisGlobal
April 29, 2026 (MLN): Cherat Cement Company Limited (PSX: CHCC) reported a 19.26% year-on-year contraction in net profit for the nine months ended March 31, 2026, recording Rs5.52bn compared to Rs6.83bn in the corresponding period last year.
The company's earnings per share (EPS) declined 19.25% to
Rs28.40, down from Rs35.17 in 9MFY25, showing meaningful value erosion for
shareholders during the period.
CHCC's turnover declined marginally by 1.71% to Rs27.59bn
from Rs28.07bn.
Cost of sales, however, grew 4.14% to Rs17.99bn, moving
against the revenue direction and compressing the gross level.
This resulted in gross profit contracting by 11.08% to
Rs9.60bn from Rs10.80bn.
Total operating expenses rose 7.85% to Rs1.68bn from
Rs1.56bn, while other income grew 10.66% to Rs1.26bn from Rs1.14bn, providing a
partial offset.
The combined effect resulted in operating profit
declining 11.54% to Rs9.18bn from Rs10.38bn.
Finance costs declined significantly by 45.03% to
Rs278.16m from Rs506.02m, providing a meaningful tailwind. Profit before income
tax and final tax consequently stood at Rs8.91bn, a 9.82% contraction from
Rs9.87bn in 9MFY25.
After final tax and income tax charges totalling
Rs3.39bn, Cherat Cement Company Limited closed the nine-month period with a net
profit of Rs5.52bn, representing a 19.26% contraction over the Rs6.83bn
reported in the corresponding period of last year.
|
STATEMENT OF PROFIT OR
LOSS FOR THE NINE MONTH ENDED MARCH 31, 2026 (Rs.000) |
|||
|
Description |
2026 |
2025 |
Change (%) |
|
Turnover (Net Sales) |
27,590,035 |
28,071,319 |
-1.71% |
|
Cost of Sales |
(17,987,442) |
(17,272,109) |
4.14% |
|
Gross Profit |
9,602,593 |
10,799,210 |
-11.08% |
|
Distribution costs |
(659,235) |
(613,535) |
7.45% |
|
Administrative expenses |
(498,290) |
(439,211) |
13.45% |
|
Other expenses |
(521,479) |
(504,078) |
3.45% |
|
Subtotal: Operating
Expenses |
(1,679,004) |
(1,556,824) |
7.85% |
|
Other income |
1,259,610 |
1,138,246 |
10.66% |
|
Operating Profit |
9,183,199 |
10,380,632 |
-11.54% |
|
Finance costs |
(278,159) |
(506,019) |
-45.03% |
|
Profit before income tax
and final tax |
8,905,040 |
9,874,613 |
-9.82% |
|
Final tax |
(1,623) |
(2,434) |
-33.32% |
|
Profit before income tax |
8,903,417 |
9,872,179 |
-9.81% |
|
- Current |
(3,275,634) |
(3,626,790) |
-9.68% |
|
- Prior |
32,744 |
749,337 |
-95.63% |
|
- Deferred |
(142,902) |
(161,289) |
-11.40% |
|
Subtotal: Income Tax |
(3,385,792) |
(3,038,742) |
11.42% |
|
Net Profit for the
Period |
5,517,625 |
6,833,437 |
-19.26% |
|
Earnings Per Share (Rs.) |
28.4 |
35.17 |
-19.25% |
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