Cherat Cement earnings slide 19% to Rs5.5bn in 9MFY26

MG News | April 29, 2026 at 11:06 AM GMT+05:00

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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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