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Fauji Cement and Attock Cement: Earnings Expectations for 4QFY26

Karachi: Fauji Cement Ltd (FCCL) and Attock Cement Pakistan Ltd (ACPL) are projected to report strong financial results for the fourth quarter of fiscal year 2026, with notable year-over-year (YoY) increases in earnings per share (EPS) and net sales, according to projections by JS Global.

According to JS Global, FCCL is expected to deliver an EPS of Rs1.77 for the quarter, marking a 10% rise compared to the same period last year. This growth is attributed to a 12% increase in net sales, driven by a 15% surge in local dispatches and enhanced local retention prices. The quarter will also reflect FCCL's recent acquisition of a 46% stake in ACPL, further bolstering its bottom line. On a quarter-over-quarter (QoQ) basis, FCCL's EPS is anticipated to climb by 25%.

Meanwhile, ACPL is forecasted to report an EPS of Rs6.42, more than doubling its YoY performance. This growth is supported by a 14% rise in dispatches, improved retention prices in the South, and reduced finance costs. On a QoQ basis, ACPL's earnings are expected to increase modestly by 3%. Additionally, ACPL is likely to declare a cash dividend of Rs9.5 per share alongside its results.

JS Global reiterated its favorable outlook on both companies, maintaining target prices of Rs70 for FCCL and Rs310 for ACPL.