Honda Atlas Cars posts 16% rise in bottom line

MG News | May 22, 2025 at 12:30 PM GMT+05:00

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May 22, 2025 (MLN): Honda Atlas Cars (Pakistan) Limited (PSX: HCAR) posted a profit after tax of Rs2.71 billion [EPS: Rs18.97] for the year ended March 31, 2025, up 16.08% from Rs2.33bn [EPS: Rs16.34] reported in the same period last year (SPLY).

The company declared a final cash dividend of Rs8 per share, representing 80%.

This growth in profitability came on the back of a 41.75% surge in revenue, which reached Rs78.07bn compared to Rs55.07bn in SPLY.

Despite a similar 41.21% rise in cost of sales to Rs71.4bn, the company managed to improve its gross profit by 47.82%, clocking in at Rs6.66bn.

However, other income declined sharply by 56.1% to Rs988.73m from Rs2.25bn in SPLY, weighing on overall profitability.

Administrative expenses increased by 27.66% YoY to Rs1.89bn, while distribution and marketing costs rose 23.69% to Rs1.13bn.

On the bright side, finance costs declined 14.54% YoY to Rs1.04bn, aided by better cost management.

The company’s tax expense stood at Rs565.63m, reflecting a 35.09% increase from the previous year’s Rs418.72m.

Financial Results for the Year Ended March 31, 2025 (Rupees '000')
Note	Mar-25	Mar-24	%Change
Revenue from contracts with customers	78,065,659	55,071,323	41.75%
Cost of sales	(71,401,700)	(50,563,229)	41.21%
Gross profit	6,663,959	4,508,094	47.82%
Distribution and marketing costs	(1,131,643)	(914,883)	23.69%
Administrative expenses	(1,889,358)	(1,479,952)	27.66%
Other income	988,734	2,252,115	-56.10%
Other expenses	(315,106)	(393,635)	-19.95%
Finance cost	(1,041,813)	(1,218,996)	-14.54%
Profit before levy and taxation	3,274,773	2,752,743	18.96%
Levy		(127)
Profit before taxation	3,274,773	2,752,616	18.97%
Taxation	(565,632)	(418,721)	35.09%
Profit for the year	2,709,141	2,333,895	16.08%
Earnings per share - basic and diluted (in Rupees)	18.97	16.34	16.10%

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