Domestic cement demand remained sluggish during the fiscal year 2024~25. According to data released by the All Pakistan Cement Manufacturers Association (APCMA), local sales decreased from 38.181 million tons during…
BMA Capital Management Ltd. has analysed the Pakistan Cement Sector and forecasts that local cement dispatches will drop by 16% year-on-year (YoY) in June 2025. Specifically, local cement dispatches are…
Topline Securities organised the Pakistan Mid Cap Conference 2025. The third session of Day 2 focused on MUGHAL Iron & Steel (MUGHAL), with Mr. Shakeel Ahmad, the Chief Operating Officer…
Topline Securities organised the Pakistan Mid Cap Conference 2025. The second session of Day 2 focused on International Steels Limited (ISL), featuring Mr. Samir Chinoy, the CEO of ISL, as…
Topline Pakistan Research has released a report regarding royalty issues in Punjab. In a significant development today, the larger bench of the Lahore High Court announced its decision against cement…
Pakistan's cement production capacity has reached 84.58Mta for FY24-25, according to the Pakistan Economic Survey FY25, released by the Ministry of Finance (MoF) on 8 June. The survey assesses the…
Pakistan-based Gharibwal Cement Ltd (GWLC)'s strategic investments aimed at improving efficiency will drive profit growth, according to IMS Research analysts. Profitability is expected to surge by FY25-26, largely due to significant…
According to data released by the All Pakistan Cement Manufacturers Association (APCMA), domestic cement sales during the first eleven months of the current fiscal year recorded a year-over-year drop of…
In May 2025, the Pakistani cement industry is set to experience a notable surge in dispatches. According to recent findings from Topline Pakistan Research, local cement dispatches are projected to…
BMA Research has reviewed the performance of Pakistan-based Maple Leaf Cement Factory (MLCF) and projected an optimistic outlook, driven by an anticipated rebound in local demand. Domestic sales are expected to…
Lucky Cement Ltd. (LUCK) has announced that the kiln of the 1.82mn TPA clinker line has been successfully fired. In addition, the company has announced a new grinding line expansion…
Cement dispatches for Apr’25 clocked in at 3.34mn tons, an increase of 13%YoY, driven by 8%YoY surge in local offtakes, while exports increased by 35%YoY. We believe MRPs in the…
Lucky Cement (LUCK), Pakistan’s leading cement producer, shared key developments at the Pakistan Cement Conference 2025, hosted by Topline Securities. Speaking at the event, CFO Atif Kaludi highlighted the group’s…
D.G. Khan Cement Company Ltd. (DGKC) announced its 3QFY25 financial results, reporting earnings of PkR2.0bn (EPS: PkR4.6), a 69%YoY increase from the NPAT of PkR1.2bn (EPS: PkR2.7) in SPLY. The…
Cherat Cement Company Ltd. (CHCC) announced its 3QFY25 financial results, reporting profitability of PkR1.7bn (EPS: PkR8.67), up 35%YoY from PkR1.2bn (EPS: PkR6.4) in SPLY. Earnings came slightly above our expectations…
LUCK held its corporate briefing on April 28 to discuss its 3QFY25 operational and financial performance. The company posted 3QFY25 NPAT of PKR17.9bn (EPS: PKR12.25), up 15% YoY but down…
Fauji Cement Company Ltd. (FCCL) has announced its 3QFY25 financial results, with a net profit after tax (NPAT) of PKR 2.1 billion, translating to an earnings per share (EPS) of…
Maple Leaf Cement Factory Ltd. (MLCF) has announced its 3QFY25 financial results, with consolidated earnings of PKR 2.8 billion (EPS: PKR 2.67), up 86% year-over-year. The company's revenue increased by…
Mughal Iron & Steel Industries Ltd (MUGHAL) held its analyst briefing recently to discuss 1HFY25 financial results and future outlook: The company's topline was PkR46.8bn in 1HFY25, up 1% YoY,…
National Resources Limited (NRL) has discovered significant copper-gold mineralization in Chagai, Balochistan. Muhammad Ali Tabba, Chairman of NRL and CEO of Lucky Cement Limited, announced this today while addressing the…
According to the data released by All Pakistan Cement Manufacturers Association (APCMA), local cement despatches by the industry during March 2025 were 2.961 million tons compared to 3.338 million tons…
In a recent meeting, the Minerals Development Department of Khyber Pakhtunkhwa (KPK) proposed to increase the royalty on cement. Currently, the royalty is ore-based at PKR 250/ton. The proposal aims…
AHCML Research has reviewed the financial results of different cement firms listed on the Pakistan Stock Exchange (PSX) for the periods of 2QFY2024-25 and 1HFY2024-25. According to the analyst, the…
Domestic cement despatches that, after many months of negative momentum, showed a m-o-m (month over month) increase by 11.64% during January 2025, didn’t pick up as expected during February 2025.…
The cement sector (KSE100) saw a 36% YoY increase in profitability during 1HFY25, reaching PKR 56.0bn, up from PKR 41.1bn in the same period last year. Sales for the sector's…
