HinoPak Motors returns to profit
MG News | July 24, 2025 at 01:55 PM GMT+05:00
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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