Atlas Honda sees 38% increase in after-tax profit

MG News | July 25, 2025 at 01:21 PM GMT+05:00
July 25, 2025 (MLN): Atlas Honda Limited (PSX: ATLH) recorded a 38.2% year-on-year (YoY) increase in profit after tax, reaching Rs4.81 billion (EPS: Rs38.74) for the three-month period ended June 30, 2025, compared to Rs3.48bn (EPS: Rs28.02) in the same period last year.
The company’s net sales rose by 31.3% to Rs62.28bn, up from
Rs47.42bn in the previous year.
This sales growth outpaced the increase in cost of sales,
which rose by 27.2% to Rs54.46bn from Rs42.81bn, leading to a significant 69.8%
surge in gross profit to Rs7.82bn.
Sales and marketing expenses rose by 30.6% to Rs1.17bn,
while administrative expenses increased by 24.6% to Rs298.91m.
Other income, however, declined by 26.6% to Rs1.78bn,
partially offsetting the increase in operating costs.
Other operating expenses also rose, up 34.2% to Rs354.77m
during the quarter.
Meanwhile, the
company reported a 45.1% increase in the share of profit from an associate,
which reached Rs15.61m.
As a result, profit from operations grew by 38.1% YoY to
Rs7.8bn.
Finance costs increased by 23.2% to Rs34.3m, but this did
not materially impact the overall profitability, as profit before levies and
income tax still rose 38.2% to Rs7.76bn.
On the tax front, the company reported a 49.5% increase in
current tax to Rs3.1bn, while deferred tax income increased slightly by 3.4% to
Rs158.32m.
Total tax expense grew by 53.2% to Rs2.95bn, compared to
Rs1.92bn in the same period last year.
Despite higher tax costs, Atlas Honda delivered a strong
bottom-line performance with a profit before income tax of Rs7.75bn, reflecting
a 43.6% YoY increase.
STATEMENT OF PROFIT OR LOSS FOR THE
THREE MONTHS PERIOD ENDED JUNE 30, 2025 (Rs '000') |
|||
Description |
Jun-25 |
Jun-24 |
%Change |
Sales – net |
62,281,291 |
47,420,814 |
31.34% |
Cost of sales |
(54,458,807) |
(42,814,704) |
27.20% |
Gross profit |
7,822,484 |
4,606,110 |
69.83% |
Sales and marketing expenses |
(1,171,160) |
(896,627) |
30.62% |
Administrative expenses |
(298,907) |
(239,997) |
24.55% |
Other income |
1,783,472 |
2,429,666 |
-26.60% |
Other operating expenses |
(354,770) |
(264,339) |
34.21% |
Share of profit of associate – net
of tax |
15,609 |
10,757 |
45.11% |
Profit from operations |
7,796,728 |
5,645,570 |
38.10% |
Finance costs |
(34,309) |
(27,845) |
23.21% |
Profit before levies and income tax |
7,762,419 |
5,617,725 |
38.18% |
Minimum tax differential |
(7,782) |
(10,275) |
-24.26% |
Final taxes |
(1,942) |
(207,091) |
-99.06% |
Profit before income tax |
7,752,695 |
5,400,359 |
43.56% |
Current tax – for the period |
(3,103,750) |
(2,076,149) |
49.50% |
Deferred tax – (charge) / income |
158,321 |
153,162 |
3.37% |
|
(2,945,429) |
(1,922,987) |
53.17% |
Profit for the period |
4,807,266 |
3,477,372 |
38.24% |
Earnings per share – basic and
diluted |
38.74 |
28.02 |
38.26% |
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