Honda Atlas Cars posts 16% rise in bottom line

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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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