PSX Company Profiles

Cement

Gharibwal Cement Limited

Gharibwal Cement Limited (PSX: GWLC) is a Pakistani cement manufacturer incorporated on December 29, 1960. The company is engaged in the production and sale of cement and operates in Pakistan's cement industry, where demand is influenced by construction activity, infrastructure spending, energy prices, freight costs, and competition. For FY2026, GWLC reported net sales of approximately Rs22.313 billion, compared with Rs19.687 billion in FY2025. Profit after tax increased to Rs2.345 billion from Rs2.205 billion, while earnings per share rose to Rs5.86 from Rs5.51. However, the quarter ended September 30, 2026, showed a significant deterioration. Net sales fell to approximately Rs3.852 billion from Rs4.928 billion in the corresponding quarter of the previous year, while profit after tax declined to Rs9.07 million from Rs277.58 million. Investors should investigate the causes of this quarterly decline before drawing conclusions about future earnings. GWLC was classified as Shariah-compliant in the PSX KMI All Share screening published in May 2026, based on financial statements through December 2025. The company also has a material PSX Risk Warning Alert concerning possible suspension of trading or delisting. This regulatory issue should be reviewed independently of its financial performance and Shariah status. Sources: [Official PSX profile](https://dps.psx.com.pk/company/GWLC) | [Official KMI screening](https://www.psx.com.pk/psx/themes/psx/uploads/PSX-N-610-KMI30-re-compostion-Dec25.pdf) | [Q1 FY2027 results](https://www.investify.pk/announcements/GWLC/dps-pdf-286774)