Karachi: Fauji Cement Company Ltd (FCCL) and Attock Cement Pakistan Ltd (ACPL) have released their second-quarter fiscal year 2026 earnings expectations, showcasing contrasting financial performances.

According to JS Global, FCCL is anticipated to report an earnings per share (EPS) of Rs1.59 for the second quarter of fiscal year 2026, marking a slight decline of 3% compared to the previous year. This decrease is attributed mainly to a drop in exports and a 1.7 percentage point contraction in gross margins, influenced by lower retention prices in the northern region. The company's EPS for the first half of fiscal year 2026 is projected to be Rs2.93, which remains stable compared to the previous year.

In contrast, ACPL is expected to experience substantial growth in earnings, with a projected EPS of Rs6.63 for the same quarter, representing a 57% year-over-year increase. This growth is driven by a 29% rise in exports, a 7.6 percentage point expansion in gross margins due to lower coal prices, better export retention, and improved cost efficiencies. ACPL's earnings for the first half of fiscal year 2026 are expected to reach Rs12.71 per share, a significant increase of 2.7 times compared to the previous year.