Honda Atlas reports sharp rise in quarterly profit

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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