Atlas Honda profit rises 20% to Rs11.5bn, declares Rs56 dividend

October 30, 2026 (MLN): Profit for the period of Atlas Honda Limited (PSX: ATLH) rose 19.83% year-on-year to Rs11.53bn for the half year ended September 30, 2026, compared with Rs9.62bn in the same period last year.

Basic and diluted earnings per share (EPS) increased 19.83% to Rs92.88 from Rs77.51 in the corresponding period last year.

Along with the results, the company declared an interim cash dividend of Rs56 per share (560%) for the half year ended September 30, 2026.

The growth came from a 29% rise in net sales, an 18% rise in gross profit and a 27% rise in other income. A doubling of finance cost, higher operating expenses and a heavier tax charge partly offset the gains.

Net sales grew 29.02% to Rs161.71bn from Rs125.34bn. Cost of sales rose slightly faster, by 30.57%, to Rs142.94bn from Rs109.47bn, which limited gross profit growth to 18.30% at Rs18.77bn, compared with Rs15.86bn.

Sales and marketing expenses increased 25.65% to Rs2.96bn from Rs2.36bn, while administrative expenses rose 29.49% to Rs896.71m from Rs692.49m. Other operating expenses grew 23.23% to Rs981.14m from Rs796.17m.

Other income rose 26.80% to Rs4.55bn from Rs3.59bn, and share of net profit of an associate increased 50.95% to Rs46.51m from Rs30.81m.

As a result, operating profit climbed 18.46% to Rs18.53bn from Rs15.64bn.

Finance cost more than doubled, up 106.26% to Rs163.59m from Rs79.31m.

Profit before levies and income tax grew 18.01% to Rs18.36bn from Rs15.56bn. Minimum tax differential rose 67.44% to Rs11.32m from Rs6.76m, and final taxes increased more than eight-fold to Rs15.98m from Rs1.99m, taking profit before income tax up 17.90% to Rs18.34bn from Rs15.55bn.

Current tax for the year rose 17.61% to Rs7.15bn from Rs6.08bn, while deferred tax income more than doubled to Rs335.48m from Rs142.02m. Total tax increased 14.77% to Rs6.81bn from Rs5.93bn, which absorbed part of the gains and left profit for the period at Rs11.53bn.

Copyright Mettis Link News