Honda Atlas Cars (Pakistan) Limited profit climbs 19% in MY26

May 19, 2026 (MLN): Honda Atlas Cars (Pakistan) Limited (PSX: HCAR) reported a 19.36% year-on-year growth in profit after taxation for the year ended March 31, 2026, recording Rs3.23bn compared to Rs2.71bn in the corresponding period last year.

The company's basic and diluted earnings per share (EPS) rose 19.35% to Rs22.64, up from Rs18.97 in the same period last year, showing improved per-share returns for shareholders.

The Board also recommended a final cash dividend of Rs9.00 per share for the year ended March 31, 2026.

HCAR's revenues posted a robust 56.64% year-on-year increase, rising to Rs122.28bn from Rs78.07bn.

Cost of sales, however, grew at a faster pace of 57.98% to Rs112.80bn from Rs71.40bn, marginally outpacing revenue growth.

Despite this, gross profit expanded by 42.30% to Rs9.48bn from Rs6.66bn in the corresponding period.

Distribution and marketing costs rose 47.77% to Rs1.67bn from Rs1.13bn, while administrative expenses increased 32.86% to Rs2.51bn from Rs1.89bn.

Other expenses climbed 63.89% to Rs516.43m from Rs315.11m, collectively adding pressure on operating profitability.

Other income surged sharply by 133.75% to Rs2.31bn from Rs988.73m, providing a meaningful boost at the pre-tax level.

Finance costs, however, rose significantly by 92.62% to Rs2.01bn from Rs1.04bn, partially offsetting this gain.

Profit before taxation stood at Rs5.09bn, a robust 55.38% increase from Rs3.27bn in the corresponding period last year.

Taxation, however, surged sharply by 227.87% to Rs1.85bn from Rs565.63m, significantly eroding bottom-line gains and limiting the translation of strong operating performance into net profitability.

After accounting for taxation, Honda Atlas Cars (Pakistan) Limited closed the year with a profit after taxation of Rs3.23bn, representing a 19.36% growth over the Rs2.71bn reported in the corresponding period of last year.

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