HinoPak Motors returns to profit

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MG News | July 24, 2025 at 01:55 PM GMT+05:00

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July 24, 2025 (MLN): HinoPak Motors Limited (PSX: HINO) reported a significant turnaround in its earnings, with the profit after tax for the quarter ended June 30, 2025, rising to Rs416.82 million (EPS: Rs16.81), compared to a loss of Rs119.69m (EPS: Rs-4.83) in the same period last year (SPLY).

The company's top line grew by 106.5%, reaching Rs3.96 billion, up from Rs1.92bn in the SPLY.

Although the cost of sales increased by 83.97%, the gross profit improved significantly by 276.26%, reaching Rs845.56m during the quarter, as sales grew at a greater rate.

During the period under review, other income grew 9.66% to stand at Rs30.64m in the quarter as compared to Rs27.94m in SPLY.

On the expense side, the company's administration expenses rose 4.39% YoY to Rs117.30m and distribution and selling expenses increased 22.55% YoY to Rs113.91m.

The company’s finance cost rose marginally by 2.67% and stood at Rs146.72m as compared to Rs142.89m in SPLY.

Nonetheless, on the back of robust sales, improved gross margins, and controlled expenses, the company managed to book a significantly higher profit.

On the tax front, the company paid Rs3.14m compared to Rs-0.24m in the corresponding period of last year.

STATEMENT OF PROFIT OR LOSS FOR THE THREE-MONTH PERIOD ENDED JUNE 30, 2025 (Rs '000')

 Item

Jun-25

Jun-24

% change

Revenue from contracts with customers

3,961,557

1,918,517

106.49%

Cost of sales

(3,115,994)

(1,693,789)

83.97%

Gross profit

845,563

224,728

276.26%

Distribution cost

(113,909)

(92,949)

22.55%

Administration expenses

(117,297)

(112,360)

4.39%

Other income

30,637

27,937

9.66%

Other expenses

(34,228)

-

 

Reversal of impairment on trade receivables and deposits

2670

-

 

Profit from operations

613,436

47,356

1,195.37%

Finance cost

(146,716)

(142,894)

2.67%

Profit (loss) before income tax and levies

466,720

(95,538)

 

Levy - minimum tax

(53,039)

(23,911)

121.82%

Profit (loss) before income tax

413,681

(119,449)

 

Income tax

3,136

(239)

 

Profit (loss) after income tax

416,817

(119,688)

 

Other comprehensive income for the period

-

-

 

Total comprehensive income (loss) for the period

416,817

(119,688)

 

Earnings (loss) per share - basic and diluted

16.81

(4.83)

 


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