In this episode of Stock Watch, powered by Chase Securities and Bank of Punjab, Nukta’s Shahbaz Ashraf reviews the latest financial results of Attock Cement Pakistan Limited (ACPL), Ghandhara Industries Limited (GHNI), and Ghandhara Automobiles Limited (GAL).

ACPL delivered a solid performance, with earnings rising 11% QoQ, supported by stable margins and a 58% decline in finance costs. GHNI reported earnings below expectations due to a higher effective tax rate of 47% compared to 37% QoQ, although sales grew 1.2%, driven by strong demand in the D-Max and bus segments.

GAL posted earnings of PKR 21.91 per share, down 25% QoQ, largely due to weaker volumetric sales, with revenue declining 43% sequentially.