Karachi: The first quarter of fiscal year 2025 is expected to bring mixed financial results for three major players in the cement industry. Cherat Cement Company Ltd (CHCC) and Lucky Cement Limited (LUCK) are anticipated to experience a drop in earnings, while Pioneer Cement Limited (PIOC) may see growth.

According to JS Global, CHCC is expected to report an earnings per share (EPS) of Rs6.4, marking a 19% decrease compared to the same period last year. In contrast, PIOC is forecasted to achieve an EPS of Rs5.2, which represents a 26% year-on-year increase. For LUCK, the expected EPS is Rs21.02, down 11% year-on-year, with a consolidated EPS of Rs57.65, reflecting a 5% decline.

The anticipated fluctuations in earnings are influenced by several factors including the fiscal year 2025 budget measures specific to the cement sector, the overall stagnant economic activity, and a new royalty imposed by the Punjab government. These elements are projected to temper the growth of cement demand in the near term.