KARACHI: Gharibwal Cement Limited (PSX: GWLC) reported a strong financial performance for the nine months ended March 31, 2026, posting a significant increase in profitability while announcing an interim cash dividend for its shareholders. The company’s Board of Directors approved the unaudited financial results during its meeting held on April 27, 2026.
The company recorded net sales of Rs16.51 billion, up from Rs14.77 billion in the corresponding period last year, reflecting an increase of nearly 12%. Gross profit rose to Rs3.32 billion from Rs2.73 billion, supported by improved sales and operational efficiency.
Profit after taxation climbed to Rs1.75 billion, marking a robust 39.3% year-on-year increase compared to Rs1.26 billion reported during the same period last year. Consequently, earnings per share (EPS) improved to Rs4.38, compared with Rs3.14 a year earlier.
For the third quarter alone, Gharibwal Cement posted a profit after tax of Rs527.9 million, up from Rs469.1 million in the corresponding quarter of the previous year, while quarterly EPS increased to Rs1.32 from Rs1.17.
The Board recommended an interim cash dividend of 5%, equivalent to Rs0.50 per share, for the financial year ending June 30, 2026. The dividend is in addition to the interim cash dividend of Rs0.50 per share already paid in November 2025, bringing the total interim payout for the fiscal year to Rs1.00 per share. No bonus shares, right shares, or any other corporate action were announced.
The company also announced that its share transfer books will remain closed from May 8 to May 12, 2026 (both days inclusive). Shareholders whose names appear on the register of members at the close of business on May 7, 2026, will be entitled to receive the interim dividend.
On the financial position front, total assets increased to Rs40.93 billion as of March 31, 2026, compared with Rs38.68 billion at the end of June 2025. Total equity also strengthened to Rs27.41 billion, reflecting higher retained earnings generated during the period. Cash and bank balances rose substantially to Rs1.40 billion, highlighting improved liquidity.
The latest results underscore Gharibwal Cement’s continued operational resilience and stronger earnings momentum despite a competitive environment, while the enhanced dividend payout reinforces the company’s commitment to delivering value to its shareholders.
