Honda Atlas reports sharp rise in quarterly profit

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