Last close · 16 Oct 2026
Rs 45.72 +2.74%
Quarterly · Q1 FY2022 – Q4 FY2026
Gharibwal Cement Limited (GWLC) quarterly income statement
Gharibwal Cement Limited reported revenue of Rs 5.8 bn for Q4 FY2026 (Apr – Jun 2026), up 19.6% on Q4 FY2025. Gross profit came to Rs 887.9 mn, a gross margin of 15.3%. Operating profit was Rs 635.4 mn (an operating margin of 11.0%). Finance cost was Rs 36.6 mn, down 20.6% on Q4 FY2025. Tax of Rs 134.8 mn took 18.5% of pre-tax profit. Profit attributable to shareholders was Rs 592.8 mn, down 37.4% on Q4 FY2025, or Rs 1.48 per share.
| Rs bn | TTM to Jun 2026 | Q4 FY2026 Apr – Jun 2026 | Q3 FY2026 Jan – Mar 2026 | Q2 FY2026 Oct – Dec 2025 | Q1 FY2026 Jul – Sep 2025 | Q4 FY2025 Apr – Jun 2025 | Q3 FY2025 Jan – Mar 2025 | Q2 FY2025 Oct – Dec 2024 | Q1 FY2025 Jul – Sep 2024 | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 22.3 | 5.8 | 5.4 | 6.1 | 4.9 | 4.9 | 4.9 | 5.5 | 4.3 | ||||||||||||
| Cost of revenue | (18.1) | (4.9) | (4.4) | (4.5) | (4.3) | (3.0) | (3.9) | (5.0) | (3.1) | ||||||||||||
| Gross profit | 4.2 | 0.9 | 1.0 | 1.6 | 0.7 | 1.9 | 1.0 | 0.5 | 1.2 | ||||||||||||
| Selling, general & administrative expenses | (0.8) | (0.2) | (0.2) | (0.2) | (0.2) | (0.3) | (0.2) | (0.1) | (0.2) | ||||||||||||
| Operating profit | 3.1 | 0.6 | 0.8 | 1.3 | 0.4 | 1.5 | 0.8 | 0.4 | 0.9 | ||||||||||||
| Finance cost | (0.1) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.1) | (0.1) | (0.1) | ||||||||||||
| Profit before tax | 3.4 | 0.7 | 0.8 | 1.4 | 0.4 | 1.5 | 0.8 | 0.4 | 0.9 | ||||||||||||
| Taxation | (1.1) | (0.1) | (0.3) | (0.5) | (0.2) | (0.6) | (0.3) | (0.2) | (0.3) | ||||||||||||
| Profit after tax | 2.3 | 0.6 | 0.5 | 0.9 | 0.3 | 0.9 | 0.5 | 0.3 | 0.5 | ||||||||||||
| Profit attributable to shareholders | 2.3 | 0.6 | 0.5 | 0.9 | 0.3 | 0.9 | 0.5 | 0.3 | 0.5 | ||||||||||||
| Per share & other | |||||||||||||||||||||
| EPS – basic (Rs) Rs | 5.86 | 1.48 | 1.32 | 2.37 | 0.69 | 2.37 | 1.17 | 0.63 | 1.34 | ||||||||||||
| EPS – diluted (Rs) Rs | 5.86 | 1.48 | 1.32 | 2.37 | 0.69 | 2.37 | 1.17 | 0.63 | 1.34 | ||||||||||||
| Dividend per share (Rs) Rs | 1.00 | 0.00 | 0.50 | 0.00 | 0.50 | 0.00 | 1.00 | 0.00 | 0.00 | ||||||||||||
| EBITDA | 4.4 | 1.0 | 1.1 | 1.7 | 0.7 | 1.8 | 1.1 | 0.7 | 1.2 | ||||||||||||
| Depreciation & amortisation | 1.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | ||||||||||||
| Weighted average shares mn | 400.9 | 400.9 | 399.9 | 399.5 | 402.3 | 399.6 | 401.0 | 402.2 | 399.3 | ||||||||||||
| Rs mn | Q4 FY2026 Apr – Jun 2026 | Q3 FY2026 Jan – Mar 2026 | Q2 FY2026 Oct – Dec 2025 | Q1 FY2026 Jul – Sep 2025 | Q4 FY2025 Apr – Jun 2025 | Q3 FY2025 Jan – Mar 2025 | Q2 FY2025 Oct – Dec 2024 | Q1 FY2025 Jul – Sep 2024 | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | +19.6% | +10.8% | +11.0% | +13.8% | +3.0% | +16.2% | +13.7% | -0.9% | ||||||||||||
| Cost of revenue | +63.9% | +13.5% | -9.8% | +35.5% | -17.3% | +28.4% | +17.8% | -9.9% | ||||||||||||
| Gross profit | -52.1% | +0.6% | +201.4% | -44.3% | +71.1% | -15.0% | -13.3% | +35.1% | ||||||||||||
| Selling, general & administrative expenses | -30.3% | +2.6% | +40.9% | -7.5% | +6.2% | -2.2% | -16.5% | +29.2% | ||||||||||||
| Operating profit | -56.6% | -0.6% | +256.3% | -54.6% | +92.2% | -18.7% | -11.5% | +38.0% | ||||||||||||
| Finance cost | -20.6% | -41.5% | -58.2% | -53.6% | -47.9% | -37.2% | +26.8% | +66.4% | ||||||||||||
| Profit before tax | -51.6% | +3.9% | +250.5% | -49.0% | +94.4% | -13.7% | -11.8% | +32.9% | ||||||||||||
| Taxation | -75.8% | -8.7% | +211.9% | -50.3% | +102.6% | -10.2% | -16.5% | +35.9% | ||||||||||||
| Profit after tax | -37.4% | +12.5% | +273.7% | -48.1% | +89.9% | -15.9% | -8.7% | +31.1% | ||||||||||||
| Profit attributable to shareholders | -37.4% | +12.5% | +273.7% | -48.1% | +89.9% | -15.9% | -8.7% | +31.1% | ||||||||||||
| Per share & other | ||||||||||||||||||||
| EPS – basic (Rs) | -37.6% | +12.8% | +276.2% | -48.5% | +90.7% | -15.8% | -8.7% | +31.4% | ||||||||||||
| EPS – diluted (Rs) | -37.6% | +12.8% | +276.2% | -48.5% | +90.7% | -15.8% | -8.7% | +31.4% | ||||||||||||
| Dividend per share (Rs) | — | -50.0% | — | — | — | — | — | — | ||||||||||||
| EBITDA | -46.4% | -1.0% | +137.1% | -40.5% | +63.6% | -17.6% | +1.4% | +24.1% | ||||||||||||
| Depreciation & amortisation | -2.3% | -1.8% | +1.9% | -2.4% | -0.3% | -15.1% | +21.3% | -2.3% | ||||||||||||
| Weighted average shares | — | — | — | — | — | — | — | — | ||||||||||||
Change against the same quarter a year earlier; shown when the earlier figure is positive.
| Rs mn | Q4 FY2026 Apr – Jun 2026 | Q3 FY2026 Jan – Mar 2026 | Q2 FY2026 Oct – Dec 2025 | Q1 FY2026 Jul – Sep 2025 | Q4 FY2025 Apr – Jun 2025 | Q3 FY2025 Jan – Mar 2025 | Q2 FY2025 Oct – Dec 2024 | Q1 FY2025 Jul – Sep 2024 | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | ||||||||||||
| Cost of revenue | (84.7%) | (81.3%) | (73.2%) | (86.7%) | (61.8%) | (79.4%) | (90.1%) | (72.8%) | ||||||||||||
| Gross profit | 15.3% | 18.7% | 26.8% | 13.3% | 38.2% | 20.6% | 9.9% | 27.2% | ||||||||||||
| Selling, general & administrative expenses | (3.3%) | (3.7%) | (3.3%) | (4.5%) | (5.7%) | (4.0%) | (2.6%) | (5.5%) | ||||||||||||
| Operating profit | 11.0% | 13.8% | 21.7% | 8.1% | 30.2% | 15.4% | 6.8% | 20.3% | ||||||||||||
| Finance cost | (0.6%) | (0.6%) | (0.5%) | (0.7%) | (1.0%) | (1.1%) | (1.4%) | (1.7%) | ||||||||||||
| Profit before tax | 12.5% | 15.1% | 23.1% | 9.1% | 31.0% | 16.1% | 7.3% | 20.3% | ||||||||||||
| Taxation | (2.3%) | (5.4%) | (7.7%) | (3.5%) | (11.5%) | (6.6%) | (2.7%) | (7.9%) | ||||||||||||
| Profit after tax | 10.2% | 9.7% | 15.4% | 5.6% | 19.5% | 9.5% | 4.6% | 12.4% | ||||||||||||
| Profit attributable to shareholders | 10.2% | 9.7% | 15.4% | 5.6% | 19.5% | 9.5% | 4.6% | 12.4% | ||||||||||||
| Per share & other | ||||||||||||||||||||
| EBITDA | 16.7% | 19.8% | 27.2% | 14.6% | 37.2% | 22.2% | 12.7% | 27.9% | ||||||||||||
| Depreciation & amortisation | 5.7% | 6.0% | 5.5% | 6.5% | 7.0% | 6.8% | 6.0% | 7.6% | ||||||||||||
Each line as a percentage of revenue.
Figures in Pakistani rupees as reported by the company; costs and cash outflows in brackets; "—" = not reported. TTM = the latest four quarters added together. Updated 16 Oct 2026.
All reported line items 80
| Rs mn | Q4 FY2026 Apr – Jun 2026 | Q3 FY2026 Jan – Mar 2026 | Q2 FY2026 Oct – Dec 2025 | Q1 FY2026 Jul – Sep 2025 | Q4 FY2025 Apr – Jun 2025 | Q3 FY2025 Jan – Mar 2025 | Q2 FY2025 Oct – Dec 2024 | Q1 FY2025 Jul – Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue from Goods & Services | 5,801.0 | 5,448.3 | 6,148.4 | 4,915.1 | 4,850.2 | 4,915.9 | 5,536.8 | 4,317.4 |
| Sales of Goods & Services - Net - Unclassified | 5,801.0 | 5,448.3 | 6,148.4 | 4,915.1 | 4,850.2 | 4,915.9 | 5,536.8 | 4,317.4 |
| Revenue from Business Activities - Total | 5,801.0 | 5,448.3 | 6,148.4 | 4,915.1 | 4,850.2 | 4,915.9 | 5,536.8 | 4,317.4 |
| Cost of Operating Revenue | 4,913.1 | 4,428.4 | 4,499.4 | 4,261.7 | 2,997.7 | 3,902.3 | 4,989.7 | 3,144.6 |
| Cost of Revenues - Total | 4,913.1 | 4,428.4 | 4,499.4 | 4,261.7 | 2,997.7 | 3,902.3 | 4,989.7 | 3,144.6 |
| Selling, General & Administrative Expenses - Total | 193.3 | 204.1 | 205.9 | 219.1 | 277.5 | 198.9 | 146.1 | 236.9 |
| Other Operating Expense/(Income) - Net | 59.2 | 65.1 | 109.1 | 36.4 | 109.4 | 59.2 | 26.5 | 59.3 |
| Other Operating Income - Total | — | — | — | — | 2.6 | 0.0 | 2.7 | 6.3 |
| Gross Profit - Industrials/Property - Total | 887.9 | 1,019.9 | 1,649.1 | 653.4 | 1,852.6 | 1,013.6 | 547.1 | 1,172.8 |
| Operating Expenses - Total | 5,165.6 | 4,697.6 | 4,814.4 | 4,517.2 | 3,384.6 | 4,160.4 | 5,162.3 | 3,440.7 |
| Operating Profit before Non-Recurring Income/(Expense) | 635.4 | 750.7 | 1,334.1 | 397.9 | 1,465.7 | 755.5 | 374.5 | 876.7 |
| Financing Income/(Expense) - Net - Total | 119.6 | 74.1 | 88.4 | 49.8 | 37.4 | 43.6 | 36.0 | 0.5 |
| Interest Expense - Net of (Interest Income) | (119.6) | (74.1) | (88.4) | (49.8) | (37.4) | (43.6) | (36.0) | (0.5) |
| Other Operating Expense | — | — | — | — | 112.1 | 59.2 | 29.2 | 65.6 |
| Interest Expense - Net of Capitalized Interest | 36.6 | 30.9 | 32.9 | 34.7 | 46.1 | 52.8 | 78.6 | 74.7 |
| Sale of Tangible & Intangible Fixed Assets - Gain/Loss | 6.4 | (1.1) | 3.9 | 0.0 | — | — | — | — |
| Other Non-Operating Income/(Expense) - Total | (33.9) | (0.4) | (5.1) | — | 0.8 | (6.4) | (4.9) | — |
| Normalized Pre-tax Profit | 727.5 | 823.4 | 1,421.3 | 447.7 | 1,503.8 | 792.8 | 405.5 | 877.2 |
| Interest Income - Non-Bank | 156.2 | 105.0 | 121.3 | 84.5 | 83.4 | 96.4 | 114.6 | 75.1 |
| Provision for Income Tax Expense- Unclassified | 134.8 | 295.5 | 474.4 | 170.1 | 556.7 | 323.7 | 152.1 | 342.1 |
| Income before Taxes | 727.5 | 823.4 | 1,421.3 | 447.7 | 1,503.8 | 792.8 | 405.5 | 877.2 |
| Income Taxes | 134.8 | 295.5 | 474.4 | 170.1 | 556.7 | 323.7 | 152.1 | 342.1 |
| Net Income after Tax | 592.8 | 527.9 | 946.8 | 277.6 | 947.1 | 469.1 | 253.4 | 535.1 |
| Income before Discontinued Operations & Extraordinary Items | 592.8 | 527.9 | 946.8 | 277.6 | 947.1 | 469.1 | 253.4 | 535.1 |
| Net Income before Minority Interest | 592.8 | 527.9 | 946.8 | 277.6 | 947.1 | 469.1 | 253.4 | 535.1 |
| Net Income after Minority Interest | 592.8 | 527.9 | 946.8 | 277.6 | 947.1 | 469.1 | 253.4 | 535.1 |
| Income Available to Common Shares | 592.8 | 527.9 | 946.8 | 277.6 | 947.1 | 469.1 | 253.4 | 535.1 |
| DPS - Common - Gross - Issue - By Period End Date Rs | 0.00 | 0.50 | 0.00 | 0.50 | 0.00 | 1.00 | 0.00 | 0.00 |
| Net Income - Basic - including Extraordinary Items Applicable to Common - Total | 592.8 | 527.9 | 946.8 | 277.6 | 947.1 | 469.1 | 253.4 | 535.1 |
| Income available to Common excluding Extraordinary Items | 592.8 | 527.9 | 946.8 | 277.6 | 947.1 | 469.1 | 253.4 | 535.1 |
| Shares used to calculate Basic EPS - Total mn | 400.9 | 399.9 | 399.5 | 402.3 | 399.6 | 401.0 | 402.2 | 399.3 |
| EPS - Basic - including Extraordinary Items Applicable to Common - Total Rs | 1.48 | 1.32 | 2.37 | 0.69 | 2.37 | 1.17 | 0.63 | 1.34 |
| EPS - Basic - excluding Extraordinary Items Applicable to Common - Total Rs | 1.48 | 1.32 | 2.37 | 0.69 | 2.37 | 1.17 | 0.63 | 1.34 |
| EPS - Basic - excluding Extraordinary Items - Normalized - Total Rs | 1.48 | 1.32 | 2.37 | 0.69 | 2.37 | 1.17 | 0.63 | 1.34 |
| Allocated Net Income including Extraordinary Items Applicable to Common - Issue Specific | 592.8 | 527.9 | 946.8 | 277.6 | 947.1 | 469.1 | 253.4 | 535.1 |
| Earnings Allocation Factor - Basic - Issue Specific | 1.00× | 1.00× | 1.00× | 1.00× | 1.00× | 1.00× | 1.00× | 1.00× |
| Shares used to calculate Basic EPS - Issue Specific mn | 400.9 | 399.9 | 399.5 | 402.3 | 399.6 | 401.0 | 402.2 | 399.3 |
| EPS - Basic - including Extraordinary Items Applicable to Common - Issue Specific Rs | 1.48 | 1.32 | 2.37 | 0.69 | 2.37 | 1.17 | 0.63 | 1.34 |
| EPS - Basic - excluding Extraordinary Items Applicable to Common - Issue Specific Rs | 1.48 | 1.32 | 2.37 | 0.69 | 2.37 | 1.17 | 0.63 | 1.34 |
| EPS - Basic - excluding Extraordinary Items - Normalized - Issue Specific Rs | 1.48 | 1.32 | 2.37 | 0.69 | 2.37 | 1.17 | 0.63 | 1.34 |
| EPS - Basic from Discontinued Operations & Extraordinary Items Rs | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Income - Diluted - including Extraordinary Items Applicable to Common - Total | 592.8 | 527.9 | 946.8 | 277.6 | 947.1 | 469.1 | 253.4 | 535.1 |
| Diluted Income available to Common excluding Extraordinary Items | 592.8 | 527.9 | 946.8 | 277.6 | 947.1 | 469.1 | 253.4 | 535.1 |
| Shares used to calculate Diluted EPS - Total mn | 400.9 | 399.9 | 399.5 | 402.3 | 399.6 | 401.0 | 402.2 | 399.3 |
| EPS - Diluted - including Extraordinary Items Applicable to Common - Total Rs | 1.48 | 1.32 | 2.37 | 0.69 | 2.37 | 1.17 | 0.63 | 1.34 |
| EPS - Diluted - excluding Extraordinary Items Applicable to Common - Total Rs | 1.48 | 1.32 | 2.37 | 0.69 | 2.37 | 1.17 | 0.63 | 1.34 |
| EPS - Diluted - excluding Extraordinary Items - Normalized - Total Rs | 1.48 | 1.32 | 2.37 | 0.69 | 2.37 | 1.17 | 0.63 | 1.34 |
| Allocated Diluted Net Income including Extraordinary Items Applicable to Common - Issue Specific | 592.8 | 527.9 | 946.8 | 277.6 | 947.1 | 469.1 | 253.4 | 535.1 |
| Earnings Allocation Factor - Diluted - Issue Specific | 1.00× | 1.00× | 1.00× | 1.00× | 1.00× | 1.00× | 1.00× | 1.00× |
| Shares used to calculate Diluted EPS - Issue Specific mn | 400.9 | 399.9 | 399.5 | 402.3 | 399.6 | 401.0 | 402.2 | 399.3 |
| EPS - Diluted - including Extraordinary Items Applicable to Common - Issue Specific Rs | 1.48 | 1.32 | 2.37 | 0.69 | 2.37 | 1.17 | 0.63 | 1.34 |
| EPS - Diluted - excluding Extraordinary Items Applicable to Common - Issue Specific Rs | 1.48 | 1.32 | 2.37 | 0.69 | 2.37 | 1.17 | 0.63 | 1.34 |
| EPS - Diluted - excluding Extraordinary Items - Normalized - Issue Specific Rs | 1.48 | 1.32 | 2.37 | 0.69 | 2.37 | 1.17 | 0.63 | 1.34 |
| EPS - Diluted from Discontinued Operations & Extraordinary Items Rs | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| DPS - Common - Gross - Issue - By Announcement Date Rs | 0.50 | 0.00 | 0.50 | 0.00 | 1.00 | 0.00 | 0.00 | 0.00 |
| DPS - Common - Net - Issue - By Announcement Date Rs | 0.45 | 0.00 | 0.45 | 0.00 | 0.90 | 0.00 | 0.00 | 0.00 |
| Earnings before Interest & Taxes (EBIT) | 635.4 | 750.7 | 1,334.1 | 397.9 | 1,465.7 | 755.5 | 374.5 | 876.7 |
| Earnings before Interest, Taxes, Depreciation & Amortization (EBITDA) | 967.5 | 1,080.0 | 1,670.5 | 716.0 | 1,805.4 | 1,091.0 | 704.7 | 1,202.8 |
| Depreciation, Depletion & Amortization - Total | 332.1 | 329.3 | 336.5 | 318.1 | 339.7 | 335.5 | 330.2 | 326.1 |
| Depreciation - Total | 332.1 | 329.3 | 336.5 | 318.1 | 339.7 | 335.5 | 330.2 | 326.1 |
| Amortization of Intangible Assets excluding Goodwill - Total | — | — | — | — | — | 0.0 | 0.0 | 0.0 |
| Normalized after Tax Profit | 592.8 | 527.9 | 946.8 | 277.6 | 947.1 | 469.1 | 253.4 | 535.1 |
| Normalized Net Income from Continuing Operations | 592.8 | 527.9 | 946.8 | 277.6 | 947.1 | 469.1 | 253.4 | 535.1 |
| Normalized Net Income - Bottom Line | 592.8 | 527.9 | 946.8 | 277.6 | 947.1 | 469.1 | 253.4 | 535.1 |
| Earnings before Interest & Taxes (EBIT) - Normalized | 608.0 | 749.3 | 1,332.8 | 397.9 | 1,466.5 | 749.1 | 369.5 | 876.7 |
| Earnings before Interest, Taxes, Depreciation & Amortization (EBITDA) - Normalized | 940.0 | 1,078.6 | 1,669.3 | 716.0 | 1,806.2 | 1,084.6 | 699.8 | 1,202.8 |
| Interest Expense | 36.6 | 30.9 | 32.9 | 34.7 | 46.1 | 52.8 | 78.6 | 74.7 |
| Operating Expenses | 5,165.6 | 4,697.6 | 4,814.4 | 4,517.2 | 3,384.6 | 4,160.4 | 5,162.3 | 3,440.7 |
| Selling, General & Administrative Expenses excluding Research & Development Expenses | 193.3 | 204.1 | 205.9 | 219.1 | 277.5 | 198.9 | 146.1 | 236.9 |
| Income before Taxes & Provision for Loan Losses | 727.5 | 823.4 | 1,421.3 | 447.7 | 1,503.8 | 792.8 | 405.5 | 877.2 |
| Cost of Revenue including Operation & Maintenance (Utility) - Total | 4,913.1 | 4,428.4 | 4,499.4 | 4,261.7 | 2,997.7 | 3,902.3 | 4,989.7 | 3,144.6 |
| Cost of Revenues excluding Depreciation | 4,913.1 | 4,428.4 | 4,499.4 | 4,261.7 | 2,997.7 | 3,902.3 | 4,989.7 | 3,144.6 |
| DPS - Common - Gross - Issue - By Payable Date Rs | 0.50 | 0.00 | 0.50 | 0.00 | 1.00 | 0.00 | 0.00 | 0.00 |
| DPS - Common - Gross - Issue - By Ex Date Rs | 0.50 | 0.00 | 0.50 | 0.00 | 1.00 | 0.00 | 0.00 | 0.00 |
| Tax Adjusted Operating Income | 622.6 | 547.7 | 968.7 | 299.1 | 976.2 | 500.4 | 302.5 | 580.6 |
| Operating Expenses excluding Non-Cash Charges - Total | 4,833.5 | 4,368.3 | 4,477.9 | 4,199.1 | 3,044.8 | 3,824.9 | 4,832.1 | 3,114.6 |
| Income Available to Common Shares before Depreciation & Amortization | 924.9 | 857.2 | 1,283.3 | 595.7 | 1,286.9 | 804.6 | 583.6 | 861.2 |
| Fixed Charges | 36.6 | 30.9 | 32.9 | 34.7 | 46.1 | 52.8 | 78.6 | 74.7 |
| Estimated Tax Rate | 0.29× | 0.29× | 0.29× | 0.29× | 0.29× | 0.29× | 0.29× | 0.29× |
| Total Common & Spl DPS -Gross - Issue - By Announcement Date Rs | 0.50 | 0.00 | 0.50 | 0.00 | 1.00 | 0.00 | 0.00 | 0.00 |
Every line the company reported, in the original order and wording, without regrouping or signs changed.