HinoPak Motors returns to profit

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

0:00

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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