Honda Atlas reports sharp rise in quarterly profit

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MG News | July 24, 2025 at 12:36 PM GMT+05:00

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July 24, 2025 (MLN): Honda Atlas Cars (Pakistan) Limited (PSX: HCAR) posted a profit after tax of Rs828.44 million [EPS: Rs5.80] for the three-month period ended June 30, 2025, up 308.85% from Rs202.63m [EPS: Rs1.42] reported in the same period last year (SPLY).

This significant surge in profitability was driven by a 65.69% increase in sales, which reached Rs26.46 billion compared to Rs15.97bn in SPLY.

Despite a similar 61.69% rise in cost of sales to Rs24.19bn, the company more than doubled its gross profit, which clocked in at Rs2.27bn—an increase of 124.89%.

Administrative expenses rose sharply by 54% to Rs603.91m, while distribution and marketing costs increased 35.02% to Rs350.25m.

Other income also supported profitability, increasing by 60.87% to Rs553.03m. However, other expenses surged 530.19% to Rs210.24m.

On the positive side, finance costs declined by 29.41% YoY to Rs202.64m, indicating better financial management.

The company’s tax expense stood at Rs632.39m, marking a 412.09% rise from Rs123.49m in SPLY.

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

Item

25-Jun

24-Jun

%Change

Sales

26,461,970

15,970,341

65.69%

Cost of sales

(24,187,126)

(14,958,799)

61.69%

Gross profit

2,274,844

1,011,542

124.89%

Distribution and marketing costs

(350,247)

(259,396)

35.02%

Administrative expenses

(603,913)

(392,153)

54.00%

Other income

553,027

343,769

60.87%

Other expenses

(210,238)

(33,361)

530.19%

Finance cost

(202,640)

(287,085)

-29.41%

Profit before levy and taxation

1,460,833

383,316

281.10%

Levy

(57,199)

 

Profit before taxation

1,460,833

326,117

347.95%

Taxation

(632,394)

(123,492)

412.09%

Profit for the period

828,439

202,625

308.85%

EPS - Basic & Diluted (Rupees)

5.8

1.42

308.45%

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